2% cash back credit cards are a type of credit card that offers a flat 2% cash back on purchases made with the card. This means that for every dollar you spend on eligible purchases, you will earn 2 cents back in the form of cash rewards. The cash back is usually accumulated as rewards points, which can be redeemed for statement credits, checks, or sometimes even direct deposits to your bank account. These are no annual fee credit cards.
These credit cards typically have a straightforward rewards structure, with no rotating categories, activation or spending limits to worry about. The 2% cash back rate is applicable to all purchases, regardless of the type of merchant or spending category. However, it’s important to note that certain transactions may be excluded from earning cash back, such as cash advances, balance transfers, or certain non-purchase transactions.
Popular 2% cashback credit cards in 2023 are:
Issuer | 2% Cashback Credit Card | 2% Cashback Feature | Bonus Cash Back | Apply (on Issuer’s secure website) |
TD | Double Up | TD Double Up offers 2% Cash Back on all purchases. No opt-ins, no limits, no categories—just a flat 2% back on every purchase | Earn $100 Cash Back in statement credit when you spend $1,000 within the first 90 days after account opening | TD Double Up |
| Wells Fargo | Active Cash | Earn unlimited 2% cash rewards on all purchases with no categories to track or quarterly activations | Earn a $200 cash rewards bonus when you spend $500 in purchases in the first 3 months | Wells Fargo Active Cash |
Citi | Double Cash | Earn 2% cash back on purchases; 1% when you buy plus 1% as you pay | – | Citi Double Cash |
TD Double Up, Wells Fargo Active Cash and Citi Double Cash credit card does not charge annual fee.
You may also want to check unlimited 1.5% Cash back credit cards:
Chase Freedom Unlimited Credit Card: 1.5% Cash back on all purchases, 3% on dining, restaurants and drug stores, 5% on travel purchased through Chase Ultimate Rewards. Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening
Bank of America Unlimited Cash Rewards Credit Card: Earn unlimited 1.5% cash back on all purchases, $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
It’s worth mentioning that credit card offers and terms can change over time, and new cards with different features may become available. It is always a good idea to compare different credit card options to find the one that best suits your needs and preferences.
