RedditAdvantages of Fixed-Rate Cash Back Credit Cards
Many cash back credit cards offer rewards based on specific spending categories, and some even feature rotating categories that change every quarter. On the other hand, flat-rate cash back credit cards, which offer a consistent cash back percentage on all purchases, provide simplicity and predictability without the need to monitor or activate specific categories. There are several cash back credit cards that offer a fixed rewards structure, providing a constant 2% cash back on all purchases.
Best All-Around 2% Cash Back Credit Cards
#1. Wells Fargo Active Cash® Card
Wells Fargo Active Cash Card offers a $200 cash rewards bonus, accessible by spending just $500 on purchases within the initial 3 months. Notably, cardholders enjoy an ongoing benefit of unlimited 2% cash back on all purchases. Furthermore, the card provides $600 protection for covered damage or theft of your cell phone. With additional benefits of no annual fee and a 0% introductory APR feature, this card combines valuable rewards with financial flexibility.
- Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don't expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
- Intro APR
- 0% on Purchases and qualifying Balance Transfers
- Intro APR Period
- 15 months from account opening
- Annual Fee (rates & fees)
- $0
- Credit Needed
- Good / Excellent
#2. Bank of America® Unlimited Cash Rewards credit card
Bank of America Unlimited Cash Rewards credit card offers a tiered rewards structure through its Preferred Rewards program, determined by the combined balances of deposit and investment accounts. Depending on the tier, customers receive a bonus of 25%, 50%, or 75% on their base cash rewards of 1.5%, enhancing the overall cash back benefits to reach 2.625% rewards for the top tier.
| Preferred Rewards Tier | Rewards Bonus | Overall Cash Back |
|---|---|---|
| Gold | 25% | 1.875% cash back on all purchases |
| Platinum | 50% | 2.25% cash back on all purchases |
| Platinum Honors or Diamond | 75% | 2.625% cash back on all purchases |
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn unlimited 1.5% cash back on all purchases.
- If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 1.87%-2.62% cash back on every purchase with Preferred Rewards.
- No annual fee.
- No limit to the amount of cash back you can earn and cash rewards don't expire as long as your account remains open.
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% fee applies to all balance transfers.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
- Intro APR
- 0% on Purchases and qualifying Balance Transfers
- Intro APR Period
- 15 billing cycles
- Annual Fee
- $0
- Credit Needed
- Excellent / Good
#3. Citi Double Cash® Card
For those seeking straightforward cash rewards without an annual fee, Citi Double Cash Card issued by our partner Citibank stands out as a clear and beneficial choice. With a $200 cash bonus and a steady 2% cash back on all purchases, it offers simplicity and reliability. Additionally, the card provides 0% introductory APR on balance transfers for a generous 18-month period, presenting a valuable opportunity for managing and reducing existing credit card debt.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- Intro APR
- 0% on Balance Transfers
- Intro APR Period
- 18 months
- Annual Fee (rates & fees)
- $0
- Credit Needed
- Excellent, Good, Fair
Other 2% Cash Back Credit Card
A few other cash back credit cards also give you 2% cash back rewards on all purchases. Here is a list of additional credit cards offering a flat 2% cash back rate:
| Credit Card | Bonus and Rewards | Annual Fee | |
|---|---|---|---|
 | TD Double Up℠ Credit Card | $0 | |
 | Fidelity® Rewards Visa Signature® Credit Card | Unlimited 2% cash back on everyday spending. | $0 |
 | Bread Cashback™ American Express® Credit Card | Unlimited 2% cash back on purchases when you use the card* | $0 |
 | Synchrony Premier World Mastercard® | 2% cash back on every purchase - no categories, tiers, or limits - no kidding. | $0 |
 | PayPal Cashback Mastercard | 3% cash back on PayPal purchases and 2% on all other purchases. | $0 |
