Best 2% Cash Back Cards in 2024

The Wells Fargo Active Cash® Card delivers with unlimited 2% cash back, a $200 welcome bonus after $500 spent in three months, and no annual fee. Designed for seamless everyday rewards, it also includes a 12-month 0% intro APR, though its 3% foreign transaction fee may deter international travelers.

Introductory Offers

• Earn a $200 cash rewards bonus after spending $500 within the first three months.
• Enjoy a 0% intro APR on purchases and qualifying balance transfers for 12 months from account opening. After that, a variable APR of 19.74% to 29.74% applies.

Rewards

• Unlimited 2% cash rewards on all purchases.
• No categories to track and cash rewards do not expire as long as your account remains open.

APRs, Fees, and Penalties

• Balance transfers made within 120 days qualify for the intro rate and a 3% fee. After that, a balance transfer fee of up to 5% (minimum $5) applies.
• No annual fee.

Perks & Benefits

• Enjoy a premium collection of benefits at prestigious hotel properties with Visa Signature Concierge.
• Earn up to $600 in cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card, subject to a $25 deductible.

The Citi Double Cash is one of the best cards for straightforward cash back. It lets you earn 2% cash back on all purchases—1% when you buy and 1% when you pay—without an annual fee.

• Introductory Offers

  • Enjoy a 0% introductory APR on balance transfers for 18 months. After this period, the APR will range from 18.49% to 28.49%, depending on your creditworthiness.
  • Earn 20,000 ThankYou Points, equivalent to $200 cash back, after spending $1,500 within the first six months.

• Rewards

  • Earn 2% cash back on every purchase: 1% when you buy and an additional 1% when you pay off the purchase.
  • Get 5% cash back on hotel, car rentals, and attractions booked through the Citi Travel portal until December 31, 2025.

• APRs, Fees, and Penalties

  • Balance transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on purchases unless the entire balance, including transfers, is paid by the due date each month.
  • There is an introductory balance transfer fee of 3% (minimum $5) for transfers made within the first four months. After that, the fee is 5% (minimum $5).

The Bank of America® Customized Cash Rewards Credit Card stands out for its flexibility and reward potential, especially appealing to consumers who value customized cash back options. It offers a significant new cardholder bonus and the ability to earn higher cash back in various everyday categories. Preferred members enjoy additional rewards, enhancing the card's value. The card's introductory 0% APR is another great perk for those who want to consolidate existing credit card debt. Overall, this card is ideal for savvy spenders who can maximize the card’s benefits.

Introductory Offers

• Earn a $200 online cash rewards bonus after spending $1,000 in the first 90 days.

Rewards

• Earn 3% cash back in a category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined purchases each quarter), and 1% on all other purchases.
• Bank of America Preferred Rewards members can earn 25%-75% more cash back on every purchase.

APRS, Fees, and Penalties

• Enjoy 0% Intro APR for 15 billing cycles on purchases and balance transfers made in the first 60 days. After that, a variable APR of 18.74% - 28.74% applies.
• A 3% Intro balance transfer fee applies for the first 60 days; after that, the fee is 4%.

Perks & Benefits

• No annual fee and cash rewards don’t expire as long as your account remains open.
• Use contactless cards for secure and convenient transactions.