Best 2% Cash Back Credit Cards of 2024

Forget about rotating categories. Ignore cards with enhanced rewards on just some purchases. In this article, we list the best 2% cashback credit cards.

2% cash back credit cards

The “best” rewards cards will vary depending on how you use the card. They will also vary based on how many cards you want to use. What won’t change is the card you should use for everyday purchases. And that card should give you at least 2% in rewards for every $1 you charge to the card.

With that, here’s our list of the best 2% cash back credit cards.

Citi® Double Cash Card

I’ve carried the Citi® Double Cash Card for years. It pays 1% cash back on every purchase plus 1% when you pay for the purchase. Because we pay off our credit cards in full every month, we effectively earn 2% cash back on all purchases.

The card comes with other features we like as well. There is no annual fee. And if you need a balance transfer, this card offers 0% intro APR on Balance Transfers for 18 months months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness. That said, there are some downsides. It’s not a great card to travel overseas with as it charges a foreign transaction fee. It also requires excellent credit to get approved.

Rewards:  

2% cash back
All eligible purchases
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Welcome Bonus: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of your Citi Double Cash® card account opening.
  • 0% Intro APR: Get 0% APR on balance transfers for the first 18 months
  • Annual Fee: $0
  • Foreign Transaction Fee: 3%

Credit Score of Approved and Denied Applications

Read our Citi® Double Cash Card Review


Synchrony Premier World Mastercard®

The Synchrony Premier World Mastercard® is as simple as they come. You earn 2% cash back on all purchases. No rotating categories to worry about. In addition to the cash back rewards, the card offers Lyft credits, a Doordash membership and discount, identity theft protection, and $0 fraud liability.

It does not, however, come with other features offered by some of the cards on this page. For example, it doesn’t come with a signup bonus or a 0% APR introductory rate.

Rewards:

2% cash back
All eligible purchases
Earn 2% cash back on every purchase
  • Welcome Bonus:
  • 0% Intro APR: None offered
  • Annual Fee: $0
  • Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars

Credit Score of Approved and Denied Applications

Read our Synchrony Premier World Mastercard® Review


Wells Fargo Active Cash® Card

Wells Fargo recently launched the Wells Fargo Active Cash® Card. This card pays 2% cash back on all purchases. No rotating categories. No waiting to pay your credit card bill to get the full two percent cash back. The card charges no annual fee, offers a signup bonus, and a 0% introductory APR.

Rewards:

2% cash back
All eligible purchases
Earn unlimited 2% cash rewards on purchases
  • Welcome Bonus: Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
  • 0% Intro APR: 0% for 15 months from account opening on qualifying balance transfers and for 15 months from account opening on purchases, then regular APR of 20.24%, 25.24% or 29.99% applies.
  • Annual fee: $0
  • Foreign Transaction Fee: 3% of each transaction converted to U.S. dollars.

Credit Score of Approved and Denied Applications

Read our Wells Fargo Active Cash® Card Review


Ink Business Premier® Credit Card

Ink Business Premier® Credit Card is the newest card offering from Chase. It’s a little unique in that you need to pay your balance in full at the end of every month (select purchases can be paid off over time). The market for this card is a little narrower than most business credit cards, although it does offer a nice bonus and cash back rewards.

Rewards:

2% cash back
All eligible purchases
Earn unlimited 2% cash back on all other business purchases
2.5% cash back
All eligible purchases
Earn 2.5% total cash back on purchases of $5,000 or more
5% cash back
Travel
Unlimited 5% total cash back on travel purchased through Chase Travel(SM)
  • Welcome Bonus: Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
  • Annual fee: $195
  • Intro APR: None

Credit Score of Approved and Denied Applications

Read our Ink Business Premier® Credit Card Review


SoFi Unlimited 2% Credit Card 

SoFi Unlimited 2% Credit Card gets you unlimited 2% cash back on every purchase. Plus since it’s a World Elite Mastercard, you get some extra perks like cell phone protection (up to $1,000), a free membership to Shoprunner, and a three month free trial of Dash Pass (which qualifies you for free delivery on DoorDash orders). And if you open a SoFi Checking account with direct deposit, you’ll earn 3% cash back for the first year (up to $12,000).

Rewards:

2% cash back
All eligible purchases
Earn up to 2% cash back on all purchases
3% cash back
Travel
Earn 3% cash back on travel booked through SoFi Travel
  • Welcome Bonus:
  • 0% Intro APR: None offered
  • Annual Fee: $0
  • Foreign Transaction Fee: None

Credit Score of Approved and Denied Applications

Read our SoFi Unlimited 2% Credit Card Review


Alliant Cashback Visa® Signature Credit Card

Alliant Cashback Visa® Signature Credit Card changed its cash back rewards structure and it now offers 2.5% cash back on the first $10,000 in qualifying purchases per billing cycle and 1.5% cash back on everything else.

However, to earn 2.5% cash back you’ll also need to open an Alliant High Rate Checking account, receive at least one direct deposit per month, and maintain an average daily balance of at least $1,000. Furthermore, you only receive your cash back rewards as a statement credit or deposited into your checking account.

Rewards:

1.5% cash back
On all other eligible purchases
Unlimited 1.5% cash back on all other qualifying eligible purchases.
2.5% cash back
All eligible purchases
Earn up to 2.5% cash back on your first $10,000 of qualifying eligible purchases per billing cycle.
  • Welcome Bonus: None
  • 0% Intro APR: None offered
  • Annual Fee: $0
  • Foreign Transaction Fee: None

Credit Score of Approved and Denied Applications

Read our Alliant Cashback Visa® Signature Credit Card Review


Fidelity® Rewards Visa Signature® Credit Card

Fidelity® Rewards Visa Signature® Credit Card rewards you with an unlimited 2% cash back on all purchases. There’s no cap on rewards, and there’s no annual fee.

So what’s the catch? The rewards have to be paid into an eligible Fidelity account. That’s not a problem if you already have a Fidelity account. If you don’t have a Fidelity account, you can redeem your cash back rewards for travel or merchandise, but they’re only worth 1% cash back.

Rewards:

2% cash back
All eligible purchases
Earn 2% cash back on card purchases
  • Welcome Bonus:
  • 0% Intro APR: None offered
  • Annual Fee: $0
  • Foreign Transaction Fee: None

Credit Score of Approved and Denied Applications

Read our Fidelity® Rewards Visa Signature® Credit Card Review


Capital One Spark Cash Plus

Capital One Spark Cash Plus is another card I carried for years. Actually, I first started off with the Capital One spark miles for business. It paid 2x on every purchase, but only if you used it for travel. With Spark Cash, you get 2% cash back on every purchase. You also get a $200 cash bonus if you spend $200,000 or more in a calendar year, which will cover your annual fee. This is a charge card, not a credit card, which means you’ll need to pay your balance in full every month.

Rewards:

2% cash back
On all other eligible purchases
Earn unlimited 2% cash back on every purchase, everywhere-with no limits or category restrictions.
5% cash back
Hotels
Earn unlimited 5% cash back on hotels booked through Capital One Travel.
5% cash back
Rental Cars
Earn unlimited 5% cash back on rental cars booked through Capital One Travel.
  • Welcome Bonus: $1,200 Cash Back once you spend $30,000 in the first 3 months
  • 0% Intro APR: None offered
  • Annual Fee: $150
  • Foreign Transaction Fee: None

Credit Score of Approved and Denied Applications

Read our Capital One Spark Cash Plus Review


Capital One Venture Rewards Credit Card

In truth, the Capital One Venture Rewards Credit Card card isn’t a true 2% cash back card. Yes, you do earn two miles for every $1 spent. The miles are only worth one penny if you use them to pay for travel purchases, and slightly higher if you transfer them to Capital One’s travel partners. Use the points for anything else, and the value is cut in half. As a result, it qualifies as a 2% rewards card only if you use the rewards for travel.  For frequent Travelers, however, this card can serve as a 2% credit card.

Rewards:

2x miles
All eligible purchases
2 Miles per dollar on every purchase, every day
5x miles
Hotels
5 Miles per dollar on hotels and rental cars booked through Capital One Travel
  • Welcome Bonus: Enjoy a one-time bonus of 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening
  • 0% Intro APR: Not offered
  • Annual Fee: $95
  • Foreign Transaction Fee: None

Credit Score of Approved and Denied Applications

Read our Capital One Venture Rewards Credit Card Review


  • Wells Fargo Signify Business Cash

    Wells Fargo Signify Business Cash(SM) Card

    Annual Fee

    $0

    Reward Range

    2% cash back

    Welcome Offer

    $500

    Details

  • Wells Fargo Active Cash

    Wells Fargo Active Cash® Card

    Annual Fee

    $0

    Reward Range

    2%

    Welcome Offer

    Earn a $200 cash rewards bonus

    Details

  • TD Double Up(SM) Credit Card

    Annual Fee

    $0

    Reward Range

    1% – 2%

    Welcome Offer

    Earn $150 Cash Back

    Details

  • Synchrony Premier World Mastercard®

    Annual Fee

    $0

    Reward Range

    2%

    Welcome Offer

    None

    Details

  • SoFi Credit Card

    SoFi Unlimited 2% Credit Card

    Annual Fee

    $0

    Reward Range

    2% – 3%

    Welcome Offer

    N/a

    Details

  • Revenued Business Card Visa® Commercial Card

    Annual Fee

    $0

    Reward Range

    3%

    Welcome Offer

    N/A

    Details

  • Chase Ink Business Premier

    Ink Business Premier® Credit Card

    Annual Fee

    $195

    Reward Range

    2%-5%

    Welcome Offer

    Earn $1,000 bonus cash back

    Details

  • Fidelity® Rewards Visa Signature® Credit Card

    Annual Fee

    $0

    Reward Range

    2% cash back

    Welcome Offer

    None

    Details

  • Evergreen by FNBO Business Edition Credit Card

    Evergreen® by FNBO Business Edition® Credit Card

    Annual Fee

    $0

    Reward Range

    2% cash back

    Welcome Offer

    $200

    Details

  • Citi Double Cash

    Citi® Double Cash Card

    Annual Fee

    $0

    Reward Range

    1% to 2%

    Welcome Offer

    Earn $200 cash back

    Details

  • Capital One Spark Cash Plus

    Capital One Spark Cash Plus

    Annual Fee

    $150

    Reward Range

    2% to 5%

    Welcome Offer

    $1,200 Cash Back

    Details

  • Bread Cashback™ American Express® Credit Card

    Annual Fee

    $0

    Reward Range

    2% Cash Back

    Welcome Offer

    None

    Details

FAQs

Is 2% cash back a good deal?

Yes. A credit card that pays 2% cash back or more on every purchase is rare. The vast majority of cash back credit cards pay one to 1.5% cash back. Those cards that pay more  typically have limitations, such as the categories that qualify for the enhanced rewards, spending caps, or rotating categories that change every 3 months.

Does Capital One have a 2% cash back card?

Yes, it does offer a 2% cash back credit card for small businesses. For consumers, it does not have a true 2% cash back card, although the Venture Card does payout 2% in rewards if used for travel. 

Which credit card gives the most cash back?

The credit card that pays the most cash back on all purchases is currently the Alliant cashback Visa signature card. It pays 2.5% cashback on all purchases up to a monthly spending cap of $10,000.

Don’t some credit cards pay 5% cash back?

Yes, but not on all purchases. The 5% cash back cards pay the enhance rate all only specific types of purchases that change each quarter. In addition, the 5% cash back is limited to no more than $1,500 in spending each quarter.

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