The competition in the credit card market intensifies. Credit card issuers are offering lucrative perks, including sign-up bonuses, 18-plus months of 0% introductory APR, cash rewards, or all. credit cardholders might be getting 3% cashback on all their purchases soon.
It was a game-changer when Wells Fargo launched its no-annual-fee Active Cash Card last year it was a game-changer. The new credit card comes with a $200 cash rewards bonus and 2% cash rewards on all purchases.
We even crowned the Wells Fargo Active CashSM Credit Card the best credit card for the middle-class on this website a few months ago. 1.5% was the standard in cash-back credit cards.
With the introduction of PayPal’s 2% cashback Mastercard, the credit card industry is heating up. Here are the credit cards that offer 2% cash back or more on purchases. All the cards have no categories to track.
Credit Cards that Offer 2% Cashback on All Purchases |
Credit Card Issuer |
Cashback |
APR |
Balance Transfer |
0% Intro APR* |
Annual Fee |
Wells Fargo Active CashSM Credit Card |
2.00% |
After that, your APR will be 14.99%, 19.99%, or 24.99%, based on your creditworthiness. |
Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. |
0% intro APR on Balance Transfers for 15 months. |
No annual fee |
PayPal Cashback Mastercard |
2.00% |
APR is 19.99%, 23.99% or 26.99%,based on your creditworthiness |
No 0% intro APR |
No 0% intro APR |
No annual fee |
Citi® Double Cash Card |
2.00% |
APR will be 13.99% – 23.99%, based on your creditworthiness. |
Intro fee 3% of each transfer ($5 min) completed within the first 4 months of account opening. |
0% intro APR on Balance Transfers for 18 months. |
No annual fee |
The Synchrony Premier World Mastercard |
2.00% |
APR will be 13.99%, 19.99% or 26.99% based on your creditworthiness. |
Balance Transfer Fee 4% (min $10) |
No 0% intro APR |
No annual fee |
SoFi Credit Card |
2.00% |
12.99% to 24.99%, based on your creditworthiness. |
The greater of $10 or 5% of each balance transfer |
No 0% intro APR |
No annual fee |