Richard, do you have a link to that credit card? Is it a full 2%, or is it tiered (e.g. first $10,000 at 1%)? Also, I do not believe credit card rebates are taxed in the U.S. since they are considered a purchase discount rather than income. BTW, the card I am using is based on a strict calendar year spending and maxes at $500 per year (spend about $30,500).