[ad_1]
Update: Some of the benefits listed below are no longer available. View current offers here.
Cashback credit cards have received a fair amount of hype over the past two years. As many people change their travel habits, individuals prefer to fill their wallets with cash instead of points. was offering.
There are actually some cards now that offer a whopping 2% cashback on every purchase with very little hassle.
Sign up for our daily newsletter for more TPG news delivered to your inbox every morning.
With these fixed 2% cash back credit cards, you don’t have to pay attention to category bonuses, enable increased earning rates, or choose a category of your choice. The 2% cashback is yours regardless of the purchase. It’s really as simple as it looks. Best of all, these cards have no or very high caps on the amount of cashback you can earn.
Related: best cashback credit card
Best 2% Cash Rewards Credit Card Overview
Synchrony Premier World Mastercard, Wells Fargo Active Cash, and PayPal Cashback Mastercard information collected independently by Points Guy. Card details on this page are not verified or provided by the card issuer.
Best 2% cashback credit card for 2022
city double cash card
The Citi Double Cash Card is one of the easiest credit cards available. 2% cash back — 1% on purchase plus 1% when you pay for that purchase — with every swipe, the rewards are pretty simple. Whether you want cash back for statement credits, direct deposits, or postal checks, your options are very flexible.
Best of all, if in the future you decide to redeem your cashback rewards for travel instead, you’ll also have the opportunity to do so when you combine this card with premium Citi ThankYou products such as:of City Premier® CardNow you can redeem your cashback for ThankYou Rewards points. You can then transfer your points to a partner hotel or partner airline if you have a premium card.
Sign up for our daily newsletter
However, after March 28th, this card will earn ThankYou points instead of direct cash back. His ThankYou points earned can still be redeemed for cashback or combined with a premium Citi ThankYou Rewards credit card for better travel opportunities. A premium card is required to enable high value transfers in the ThankYou Rewards program.
RELATED: Even better from March: Citi Double Cash Card review
The card has an annual fee of $0, but the card doesn’t offer many perks when it comes to protecting purchases and travel. Not an ideal card for international travel as there is a 3% foreign transaction fee.
Official application link: city double cash card
Wells Fargo Active Cash Card
The Wells Fargo Active Cash Card is one of the few unlimited 2% cash rewards cards with no annual fee and a welcome bonus. Earn a $200 Cash Rewards bonus when you spend $1,000 in your first 3 months with this card.
Additionally, the card offers protection for your phone against theft and damage as long as you pay the entire bill with the card. The benefit covers up to $600 ($25 deductible) per claim, but he is limited to two claims in a 12-month period.
You can receive 2% cash rewards in the form of statement credits, making it very easy to receive rewards. Also, there is no cap on the amount of cashback you can receive.
Official Application Link: Wells Fargo Active Cash Card
Synchrony Premier World Mastercard
The Synchrony Premier World Mastercard isn’t talked about much, but it’s a prime contender when it comes to earning cashback. Earn 2% cash back on every purchase (no cap). Automatically applied as line credit.
The card does not offer sign-up bonuses, but despite being a no-annual-fee card, cardholders do get some lucrative perks.Because this card is a World Mastercard , Cell Phone Protection, Lyft Credit, Hello Fresh Credit, and DoorDash Membership.
Cell Phone Protection covers up to $600 per claim (with a $50 deductible), up to two claims per year, up to $1,000 per year. DoorDash Membership offers his three-month membership to DoorDash’s subscription service for free. Plus, get 5% back on every Hello Fresh order (to use on future orders) and a $5 monthly credit for every 3 rides he takes on Lyft.
PayPal cashback mastercard
Setting up this card takes a bit of work, but getting unlimited 2% cashback on every purchase is super easy. You’ll need a PayPal account to apply for the card, but the good news is that setting up an account only takes a few minutes and is free.
Related: Cashback Bliss: PayPal Cashback Mastercard Review
Then you have two options to receive your cash back. You can deposit money into your PayPal Cash or PayPal Cash Plus account, or you can deposit it into a bank account or debit card linked to your PayPal account. This requires you to actually cash out the money you earn, but you can always redeem cash with no minimum required.
As with many other cards with no annual fees, there aren’t many additional benefits for cardholders. Not a card for international use as there is a 3% foreign transaction fee.
Capital One Spark Cash Plus
If you have a significant amount of spending and are looking for a smaller business card, the Capital One Spark Cash Plus could be a good option. Getting 2% cashback on all purchases is one reason to get the card, but the current sign-up bonus is even more attractive. Currently, the card offers up to $1,000 cashback. After opening the account, you can get $500 by spending $5,000 in the first 3 months and $500 by spending $50,000 in the first 6 months.
This is a great offer to revitalize the company’s cash reserves.
Related: Solid business card bonus improvements: Capital One Spark Cash Plus review
This card might be tempting at first because of the big signup bonuses, but you need to make sure the ongoing benefits outweigh the subsequent $150 annual fee. If so, enjoy benefits like no international transaction fees, roadside assistance*, extended warranty protection*, a free employee card, and more. Plus, when you spend $200,000 or more on the card annually, you’ll receive a $200 cash bonus, offsetting a $150 annual fee. *Benefits are only available for Visa Signature Card approved accounts. Terms apply.
Official Application Link: Capital One Spark Cash Plus
american express blue business cash card
Another business credit card that gives you 2% cash back is american express blue business cash cardThis card is also very simple, but the increased income is limited to $50,000 per calendar year (1% back then). Redeeming your cashback is super easy as you receive your earned money automatically as a monthly statement credit. Small businesses with annual spending below the cap may prefer this card due to the $0 annual fee (see Fees & Fees).
Related: Double Cashback with No Annual Fee: American Express Blue Business Cashcard Review
The card also has a welcome offer to receive a $250 statement credit when you spend $3,000 on the card in the first three months.
Official application link: american express blue business cash card
honorable mention
In addition to the list above, there are several other credit cards that can earn 2% cash back. However, they are not that simple. From having to join a credit union to being an iPhone user, these cards have a lot more caveats, so they don’t work for the masses. However, if you’re looking for another option, these cards also give you 2% with a little effort.
- apple card.
- Alliant Cashback Visa® Signature credit card.
- Sofi credit card.
- Fidelity® Rewards Visa Signature® credit card.
- PenFed Power Cash Rewards Visa Signature® credit card.
The information for the cards in this section was independently collected by Points Guy. Card details on this page are not verified or provided by the card issuer.
Conclusion
If you want to simplify your life, a 2% cashback credit card is the way to go. Other credit cards offer more perks on certain categories of purchases, but you may have to carry multiple cards in your wallet at once, considering which card to use for each purchase. . Knowing that you always get 2% cash back can be an easier and more attractive option.
Click here for American Express Blue Business Cash Card rates and fees.
[ad_2]
Source link