Originally Posted by
sdsearch
The 2% cashback card I have have is the Citi DoubleCash card. Technically it gives 1% when you make the purchase and the second 1% when you pay the bill, but if you pay each bill in full when it's due, that's not a big timing difference.
Technically, the Citi DoubleCash card earns ThankYou Points, but you can use them for statement credits if you wish. But in case you ever do want to transfer, Citi ThankYou points can be transferred to partners, though in most cases that requires an annual fee card just like Chase Ultimate Rewards points do for transfers to partners.
The other 2$ cashback card I'm second most aware of is the Wells Fargo Active Cash Card.
It states the following:
"ATM transactions, cash advances of any kind, balance transfers, SUPERCHECKS, cash equivalents such as money orders and prepaid gift cards, casino gaming chips, wire transfers, off-track wagers, lottery tickets, or bets or wagers transmitted over the internet, fees or interest posted to a linked account, including but not limited to returned payment fees, late fees, and monthly or annual fees, do not earn cash rewards."
But that's probably a limitation that applies similarly to many other cards, I just happened to notice it while verifying that the Active Cash Card was 2% cashback.
I hold both the Active Cash and the Double Cash. I prefer the Active Cash over thei Double Cash for 2 reasons.
First you don't have to wait for second 1% to post. And you may lose the second 1% on the Double Cash if a payment is never required for part of the purchase - e.g. a purchase gets offset by a promotional credit instead of a payment. I have a small amount of orphaned cash back that way.
Second the Active Cash is a Visa so it works at Costco. The Active Cash has become my go to for Costco purchase (other than gas and pharmacy) since I don't have to wait for Costco Visa once per year payout.
Obviously if you are otherwise invested in the Thank You point system with multiple Citi cards it may still make sense to use the Double Cash.