All of these credit cards give 3% cash back, or more, on some types of purchases. There is no credit card currently on the market that gives 3% cash back on all purchases. The best flat-rate cash back credit cards typically give 2% cash back on all purchases.
There are no credit cards with 3% cash back on everything, at least not forever. The closest you can get is with the Alliant Cashback Visa® Signature Credit Card. It gives 2.5% cash back on the first $10,000 per month (with qualifications met) and 1.5% otherwise, which is still fantastic. The catch is that you’ll need excellent credit to qualify for this card (anyone can join the credit union). This card doesn't have an annual fee.
The only other 3% cash back credit cards that exist just give you that earning rate on certain categories of purchases. One of the best offers is the Blue Cash Preferred® Card from American Express from American Express, which gives 3% cash back at U.S. gas stations and transit. On top of that, there’s 6% back on the first $6,000 spent per year at U.S. supermarkets and streaming subscriptions and 1% on everything else. The Blue Cash Preferred® Card from American Express has an annual fee of $0 intro 1st yr, $95 after. It requires good credit for approval.
If you’re a Costco member, there’s the Costco Anywhere Visa® Card by Citi: unlimited 3% cash back on restaurant and travel purchases, plus 4% back on your first $7,000 in gas purchases every year. Costco purchases get 2% back and whatever else you buy gets 1%. The Capital One® Savor® Cash Rewards Credit Card is a great alternative if you’re not into Costco. This card gives 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases, as well as 8% back on tickets at Vivid Seats through January 2023. It has a $300 initial bonus, too, and has a $95 annual fee.
The best 2% cash back credit card is the Citi® Double Cash Card – 18 month BT offer. Citi Double Cash is the best 2% cash back credit card because it has a $0 annual fee and gives unlimited 1% cash back when buying something plus another 1% when paying for it, for a total of 2% cash back on all purchases.… read full answer
For a rewards credit card, 2% cash back on everything is about the best you can aim for. That’s why Citi Double Cash is one of the best credit cards on the market right now. But there are a few other great 2%+ cash back credit cards to consider when shopping for the best deal.
At the end of the day, Citi Double Cash is the best 2% cash back credit card because it offers an unlimited 2% cash back rate on all purchases. Most 2 percent cash back credit cards put a cap on the amount you can earn with a 2%+ rate. Or they only give the rate on certain categories of purchases.
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