Cash back credit cards allows you to earn back a portion of what you have spent. Most cash back cards only allow you to earn 1% cash back but there are a small selection of cards that offer 2% cash back on all categories. The following are 3 credit cards that offers 2% cash back on all purchases without any limit.
1. Fidelity Rewards Visa Signature Card
Fidelity Rewards Visa Signature card is a great card that offers 2% cash back on all categories of purchases regardless where you shop at. You must earn at least 5,000 points which is equivalent to $2,500 in expenses before you are qualified to redeem the cash back. Accumulation of 5,000 points allows you to collect $50 in cash back. The rewards points can be credited into your Fidelity account. Alternatively, the rewards points can also be exchanged with booking flights, car rental, statement credits and hotel accommodation. This is a card recently launched on the 4th January 2016 to take the place of Fidelity® Investment Rewards® Amex Card. The card does not have annual fee and the rewards points you earn do not have any expiry time.
2. Citi Double Cashback Card
Citi Double Cashback card is another credit card that offers a flat 2% cash back on everything without any cap on how much cash back you can earn. The 1% cash back reward is immediately credited into your account after the purchases. Another 1% cash back is credit back into account when you settle the balance at the due date. So, you are actually earning 2% cash back rewards with the card. Even if you only manage to make the minimum monthly payment, you will still be able to earn the 2% cash back when you have finally paid off the outstanding balance. The cash back that you earn can be redeemed as a $25 check. It can also be redeemed in statement credit and gift card. The Citi Double Cashback card features EMV smart chip technology and offers benefits such as Price Rewind, purchase protection and no late payment fee.
3. Barclay Arrival MasterCard
Barclay Arrival MasterCard allows you to earn 2x miles on all your purchases including gas, groceries, dining and etc. It offers double miles on each dollar you spend and the miles you earn will never expire. It does not cap the amount of miles you can earn and it has zero foreign transaction fee. You get to earn miles while booking your trip including air ticket, and cruise. They offer 5% miles rewards when you redeem the points. You can earn up to 40,000 bonus miles if you manage to spend at least $3,000 in 90 days. This is equivalent to a $4000 travel statement credit. You can opt in to access your FICO score conveniently from the Barclaycard account. It waives the annual fee in the first year after which you will be charged $89 annually.
There are a ton of great websites like creditcards.com, nerdwallet.com, innovativefinance.org, cardratings.com and more for consumers who are searching for deals with credit cards online. Shop and compare multiple cards before you apply.