What are the Best Credit Cards for 2% Cash Back?

As an English credit card expert, I am here to provide a detailed answer to the question of "What are the Best Credit Cards for 2% Cash Back?" There are several credit cards in the market that offer 2% cash back on purchases, and each card has its unique features and benefits. In this article, I will discuss the top credit cards that offer 2% cash back and provide insights into the best ways to use them.

Chase Freedom Unlimited

The Chase Freedom Unlimited card is one of the most popular credit cards in the market, offering 2% cash back on all purchases. The card also comes with a sign-up bonus of $200 after spending $500 in the first three months of opening an account. Additionally, the card offers 0% APR on purchases and balance transfers for the first 15 months, making it an excellent option for those looking to make a large purchase or transfer a balance.

Citi Double Cash Card

The Citi Double Cash Card is another credit card that offers 2% cash back on all purchases. The card rewards users with 1% cash back when making a purchase and an additional 1% cash back when the balance is paid off. This unique feature encourages users to pay their balance in full each month, which can help them avoid interest charges. The card also has no annual fee, making it an excellent option for those looking to save money on credit card fees.

Fidelity Rewards Visa Signature Card

The Fidelity Rewards Visa Signature Card is a great option for those looking to maximize their cash back rewards. The card offers 2% cash back on all purchases, which is automatically deposited into a Fidelity investment account. This feature allows users to earn cash back and invest it at the same time, making it an excellent option for those looking to grow their wealth. The card also has no annual fee and offers additional perks such as travel accident insurance and extended warranty protection.

American Express Blue Cash Preferred Card

The American Express Blue Cash Preferred Card offers 2% cash back on purchases made at U.S. gas stations and select U.S. department stores, and 1% cash back on all other purchases. The card comes with a sign-up bonus of $250 after spending $1,000 in the first three months of opening an account. Additionally, the card offers 0% APR on purchases and balance transfers for the first 12 months, making it an excellent option for those looking to make a large purchase or transfer a balance.

Tips for Using Cash Back Credit Cards

When using a cash back credit card, it is essential to pay your balance in full each month to avoid interest charges. Additionally, it is important to keep track of your spending and stay within your budget to avoid overspending and accruing debt. Finally, it is crucial to read the fine print and understand the terms and conditions of your credit card, including any fees and interest rates.

Conclusion

In conclusion, there are several credit cards in the market that offer 2% cash back on purchases, each with their unique features and benefits. The Chase Freedom Unlimited, Citi Double Cash Card, Fidelity Rewards Visa Signature Card, and American Express Blue Cash Preferred Card are all excellent options for those looking to earn cash back rewards. By following the tips outlined above, you can maximize your cash back rewards and avoid any unnecessary fees or charges.