Search

Trending Searches chaseAmex sapphire PlatinumAmex platinumcitiHilton Sparkcapital one

Generic filters
Filter







Trending Searches E-WalletSmart card0% APRChase BusinessGas

Select Page
FREE PDF GUIDE

FROM DREAM TO HOME

FREE PDF GUIDE

HOW TO TACKLE CREDIT CARD DEBT

Compare The Top 2% CashBack Cards

- May 11, 2020 Credit Card Info0 comments

Credit card reward points are great. Stacking up millions of them is even greater. But, as we are now in a time where no one is really traveling, it would make more sense for us to focus on the good old cashback credit cards, rather than the fancy travel rewards cards.

Here is a list of the top four 2% cash back credit cards. Let’s explore them:

Citi Double Cash Amex Blue Business Cash Capital One® Spark® Cash for Business Capital One® Venture® Rewards Credit Card
Welcome offer N/A $250 after $5,000 spent in the first 3 months $500 after $4,500 spent in the first 3 months 50,000 points after $3,000 spent in the first 3 months
Intro 0% APR 18 months on balance transfers 12 months on  purchases N/A N/A
Card type Personal Business Business Personal
Rewards 2% cash back on all purchases 2% cash back on up to $50,000 spent annually 2% cash back on all purchases 2 points on all purchases
Annual fee $0 $0 $95-first year waived $95
Auto rental insurance N/A Secondary Auto rental insurance Primary coverage for domestic and international if the rental is for business purposes and secondary coverage for personal reasons (up to 31 days) Secondary coverage for collision damage and theft on a domestic rental (up to 15 days) and primary coverage for international rentals (up to 31 days)
Extended warranty protection N/A For one year Doubles the length of the manufacturer’s warranty up to one additional year (the original warranty must be for a maximum of 3 years) up to $10,000 per claim   Doubles the length of the manufacturer’s warranty up to one additional year (the original warranty must be for a maximum of 3 years) up to $10,000 per claim  
Purchase protection N/A For 90 days, covers theft or damage up to $1,000 For 90 days, covers theft or damage up to $10,000 per claim For 90 days, covers theft or damage up to $500 per claim
Foreign transaction fee yes yes  no no
Travel accident insurance N/A N/A Up to $250,000 Up to $250,000
Lost luggage reimbursement N/A N/A Receive up to $3,000 ($2,000 for NY residents)  Receive up to $3,000 ($2,000 for NY residents)
Price protection N/A N/A If there’s a cheaper advertised price within 60 days then you’ll get reimbursed up to $250 per item up to $2,500 per year N/A
$100 credit towards global entry or TSA pre-check N/A N/A N/A You can receive this benefit once every 4 years

 

Citi Double Cash

The Citi Double Cash is a pretty good option. It earns unlimited 2% cashback on all purchases. Plus, the cashback is now convertible to Thank You points. The issue is that mid last year Citi striped the card from all its benefits. The Citi Double Cash doesn’t even have auto rental insurance. Without a single benefit, it’s hard to vote the Citi Double Cash as the top 2% Cash Back credit card.

Amex Blue Business

The Amex Blue Business card comes in two versions. The Blue Business Plus earns 2 points on every purchase, up to $50,000 spent annually. The Blue Business Cash earns 2% cashback on all purchases, up to $50,000 spent annually. The card comes with some decent benefits. For example, auto rental insurance, purchase protection, and more. In my opinion, this is the best option for a business spending less than $50,000 annually.

Capital One Venture

The Capital One Venture earns unlimited 2 points on all purchases. But the card does have an annual fee of $95, plus the points are only worth one cent each if they are redeemed for travel expenses (they can also be transferred to some airline programs). If you choose to redeem the points for cashback then you will only receive .05 cents per point, effectively only giving you 1% cashback on all purchases. This card can be a good option for someone who travels often and will take advantage of the travel benefits like TSA precheck, no foreign transaction fees, etc., and if you will end up using the points towards travel. All others step aside.

Capital One Spark

Capital One Spark card is the only business card that earns unlimited 2% cash back on all purchases. But technically I don’t count Capital One Cards as business cards, as they report even their business cards on your personal credit report (unless you get approved for $150k or more). The card has a $95 annual fee, which is waived the first year. Like the Amex Blue Business, the Sparks also have two versions. The Capital One Spark Cash earns unlimited  2% cashback. While the Capital One Spark Miles earns unlimited 2 miles and comes along with slightly enhanced travel benefits (5 miles on Hotel And Car Rental bookings through Capital One travel, $100 credit for Global Entry or TSA Precheck) but the points need to be redeemed for travel in order to get the 2 cents value. If you choose to redeem the points for cashback, then you will only receive .05 cents per point.

Summary

For most consumers, one of the Amex Blue Business cards should work best. The Venture might work for someone traveling often. Large spenders should check out the Citi Double Cash or one of the Spark credit cards, as they will give you the best bang for your buck.

Looking for a good card for grocery spending? Check out the Amex Blue Preferred and start earning 6% cashback on groceries!

Was this article helpful?

Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments

Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

Todays
best offers

Chase Sapphire Preferred

Wow! Earn 100,000 points after spending $4,000 within the first 3 months.

more info

United Quest Card

Earn a total of 100,000 points! Earn 80,000 points after spending $5,000 within the first 3 months. Plus earn an additional 20,000 points after spending a total of $10,000 within the first 6 months.

more info

Chase Ink Business Preferred

Earn 100,000 points after spending $15,000 within the first 3 months.

more info

Citi Premier Card

Earn 80,000 points after spending $4,000 within the first 3 months.

more info

You May Also Like

Two New Bank Of America Credit Cards

Two New Bank Of America Credit Cards

Bank Of America released 2 new credit cards last week. One is a personal credit card, the Unlimited Cash Rewards card. The second card is the Unlimited Cash Rewards Secured card.  There’s a rumor going around that there is a Bank of America business card coming out as...

read more
Is The Citi Premier Approving? They Are Being Picky

Is The Citi Premier Approving? They Are Being Picky

Since the welcome offer on the Citi Premier card has been raised to 80,000 points after spending $4,000 within the first 3 months, many people have applied for the card to give it a try (and get some hefty rewards!).  Many people have asked me how is Citi overall with...

read more
Your Downgrade Options For Barclays Credit Cards [2021]

Your Downgrade Options For Barclays Credit Cards [2021]

We are in the midst of posting a series on downgrade options for each bank’s credit cards. This time it’s Barclays turn (see our other posts covering Chase, Amex, and Citi). In this post we will discuss the downgrade options for Barclays credit cards.

read more

Download link sent
succesfully

Got it *please check your promotional inbox

Error sending download link

Try Again