Calculator for credit cards offering 2 percent cash back. Simply enter your spending and find the best 2% cash back cards.
What does it mean to earn 2% cash back?
When a credit card offers 2% cash back, it means that for every dollar you spend using that credit card, you will receive 2 cents back as a rebate.
For example, if you spend $100 using a credit card that offers 2% cash back, you would receive $2 cash back as a rebate.
Similarly, some credit card offer 2X points per dollar spent. This is usually at least equivalent to 2 percent cash back, since points can be redeemed for cash, for a value of 1 cent per point.
The calculator tool help you determine how much 2 percent cash back is worth.
See also: 1% Cash Back, 1.5% Cash Back, 5% Cash Back, All Cash Back Calculators
Credit cards offering 2% cash back
2% is a pretty available cash back rate! It can even be seen a baseline rewards rate because many cards offer 2% on all your purchases. Use the cash back calculator to compute the total amount of rewards if you were earning 2% on everything!
Credit cards with a flat 2% cash back
A 2% flat credit card is a type of credit card that offers a fixed cash back rate of 2% on all purchases, regardless of the spending category. Unlike credit cards with rotating 5% categories or tiered rewards, a flat-rate credit card offers the same cashback rate on all purchases.
With a 2% flat credit card, you earn 2 cents back on every dollar you spend, regardless of whether you’re purchasing groceries, gas, or dining out. This can be a great option for people who:
- don’t want to worry about keeping track of rotating categories or spending limits
- want a straightforward way to earn cash back on their purchases.
A few examples of the most popular credit cards include:
- Apple Card: 2% on all purchases made with Apple Pay
- Citi Double Cash: 2% on all your spending!
- Wells Fargo Active Cash: Unlimited 2% on all credit card spending
Should I get a 2% cash back credit card?
Definitely! Two percent is a great start for a simple single credit card portfolio. It is also a great “fallback” rate for all the spending that doesn’t fit in typical categories (Gyms, Walmart, Phone and Internet bills, …).
As you get more comfortable with credit cards, the recommended strategy is to incorporate cards that offer 3% or more in your top spending categories.
At OptimizeCards, we built the most complete set of calculators and optimizers to help you run the numbers. We want to ensure you are getting the most amount of rewards out of your credit cards. To help you navigate all the tools, follow our quiz! It will direct you to the best next step in your credit card rewards journey.