馃攳
Best 2 Percent Cash Back Credit Card - Top 5 Cards for 2% Cash Back in 2022 - YouTube
Channel: CreditFast
[0]
today i will be talking about what i
[2]
think are the five best two percent cash
[5]
back credit cards i have three honorable
[8]
mentions so in total i am talking about
[11]
eight different credit cards that offer
[14]
two percent cash back and from there
[16]
you're going to be able to figure out
[18]
which card is going to be right for you
[20]
not only that i have something at the
[22]
end of this video that's going to help
[24]
you compare everything
[26]
so that you can make the final decision
[29]
to get the best two percent
[32]
cash back credit card for you
[34]
so just back a couple of years the thing
[36]
with the two percent cash back card is
[39]
that you had to choose get a cash back
[41]
card without a sign up bonus or choose a
[44]
1.5 percent cash back card with the sign
[48]
up bonus but i'm happy to report that
[50]
there are cards today that will give you
[53]
two percent cash back and allow you to
[56]
earn a sign up bonus when you open an
[58]
account
[59]
and i will tell you which cards those
[62]
are in this video today
[64]
so let's get started
[67]
to start off these five
[69]
two percent cash back credit cards don't
[71]
have annual fees and your rewards will
[73]
not expire as long as you keep your
[76]
account open and in good standing
[79]
the first card i'm going to be talking
[81]
about is the citi double cash card
[84]
citi double cash works a little bit
[85]
differently than most two percent cash
[87]
back credit cards you earn one percent
[90]
cash back when you make a charge and
[92]
then when you pay your balance off you
[95]
earn the other one percent
[98]
the city double cash
[100]
starting march 28th
[103]
it's going to be on the thank you points
[105]
system so you can still get cash back
[108]
however you can use points for other
[110]
things
[111]
so the city double cash card does have a
[113]
foreign transaction fee there is a three
[116]
percent foreign transaction fee as i go
[118]
through this video you're going to see
[120]
that most of these two percent cashback
[121]
cards have
[123]
four transaction fees but not all of
[125]
them
[126]
so if you want to get a sense of whether
[129]
you can get approved for this card citi
[131]
double cash card does prequalify
[133]
applicants so if you're looking for a
[135]
sign up bonus with citi double cash the
[138]
answer isn't no
[140]
but usually no
[142]
a lot of people do videos and say they
[144]
don't have sign up bonuses i have seen
[146]
for myself that from time to time they
[148]
will but it is a rare occurrence and
[151]
it's not really worth waiting around for
[154]
but generally speaking citi double cash
[157]
does not offer sign up bonuses the next
[159]
card i'm going to be talking about card
[162]
number two is the paypal mastercard
[165]
so one thing you must know with the
[167]
paypal mastercard is that you need to
[170]
have an account with paypal in order to
[173]
apply
[174]
the nice thing with this paypal
[176]
mastercard is that you do not need to
[179]
earn a minimum to redeem your cashback
[183]
so you can
[185]
use whatever cash back you've earned
[187]
as far as i can see with the paypal
[190]
mastercard you cannot pre-qualify
[194]
so when you apply you do risk getting
[197]
denied
[198]
and getting a hard credit inquiry
[201]
so again with the paypal mastercard
[204]
rarely do they offer a sign up bonus
[207]
a lot of uh videos say they do not offer
[210]
sign up bonuses but i can prove right
[212]
over here because i was offered a sign
[214]
up bonus for this card at one time i did
[217]
not take this card because i already had
[219]
the city double cash they will once in a
[221]
while offer a sign up bonus but just
[223]
like what i said with city double cash i
[226]
just really wouldn't wait around for it
[229]
so if a sign up bonus is important to
[232]
you i would look for another card the
[234]
third card i will be talking about is
[237]
the wells fargo active cash card
[240]
the very interesting thing with the
[242]
wells fargo active cash card is that you
[244]
can start redeeming your rewards at one
[248]
dollar you can start using your rewards
[252]
for
[253]
statement credit but you have other
[255]
options with how you redeem your reward
[258]
with wells fargo
[260]
the really good news with the wells
[261]
fargo active cash card is that you can
[263]
pre-qualify without any impact to your
[266]
credit score one thing i really like
[268]
about the wells fargo active cash card
[270]
is if you need to do a balance transfer
[273]
because when you open this
[275]
card you get a reduced balance transfer
[278]
rate of three percent instead of the
[280]
typical five percent you see with many
[282]
other credit cards so
[285]
if you need a two percent cash back card
[287]
and you need to do a balance transfer
[289]
then the wells fargo active cash card
[292]
could be
[293]
just the card you need
[295]
so the really exciting thing is the
[296]
wells fargo active cash card offers a
[299]
two hundred dollar cash bonus you just
[302]
need to spend a thousand dollars in
[304]
three months and you get a 200 sign up
[307]
bonus
[308]
and you are earning two percent cash
[310]
back from day one
[314]
unfortunately
[315]
this card is also one that does have
[319]
a foreign transaction fee of three
[321]
percent so
[323]
if you were thinking of taking this card
[325]
on a little vacation outside the united
[328]
states
[330]
i think it needs to stay home and you
[332]
need to bring another card
[334]
but for the most part besides that for
[336]
all the other things this card has going
[339]
for it it's truly one of the best ones
[342]
i'm talking about today so the fourth
[344]
card is the fnbo evergreen card so just
[348]
like the city double cash card the
[350]
evergreen card is on a point system so
[353]
if you earn 2500 points that will equal
[357]
to 25
[359]
and these are the options you have to
[362]
redeem your points
[364]
with evergreen the really exciting thing
[366]
is that there is also a sign up bonus
[369]
you get two hundred dollars if you spend
[371]
a thousand dollars within three months
[374]
again this is another
[377]
two percent cash back card that has a
[379]
foreign transaction fee and it is three
[382]
percent
[384]
the good news is you can't pre-qualify
[386]
for this card
[387]
so the fifth card is the pen fed power
[390]
cash card
[391]
and so now this two percent cash back
[393]
card is really really great but it can
[396]
be trickier to get if you don't have any
[398]
military association if you're not an
[401]
active or retired member or family
[404]
member you will find it a little bit
[407]
more difficult to apply for but don't
[409]
worry about it i do not specialize in
[411]
teaching you on how to do it but there
[414]
are many youtube videos that are going
[416]
to exactly show you the process of being
[419]
able to get one of these credit cards
[422]
this one does have a sign up bonus it's
[424]
just not as large but you do get a
[426]
hundred dollar sign up bonus with this
[428]
card with your rewards earned you can
[431]
redeem at any amount this is the card
[434]
that i'm talking about in the video
[435]
today that does not have a foreign
[437]
transaction fee so this is a great card
[439]
to use when you're traveling so if
[441]
you're looking for a card that you can't
[443]
pre-qualify for then you can with this
[445]
card you only need to be a member first
[448]
so the first honorable mention is the
[450]
fidelity rewards visa this is perfect
[453]
for people that are
[455]
investing get this two percent cash back
[458]
because you can put your cash back
[460]
rewards into investment accounts and
[464]
that in the long term can compound so
[468]
this is a way you could actually in the
[470]
long run get more than two percent cash
[472]
back
[473]
so
[474]
ideally this card is for people that
[477]
have fidelity accounts or people that
[479]
really are
[481]
saving to and investing i talk about
[484]
synchrony bank a lot especially because
[487]
it's really a good credit card issuer
[490]
for people with fair credit and if you
[492]
have fair credit you will see my videos
[494]
on synchrony bank however
[497]
many of you may not know
[499]
that there is a synchrony bank two
[501]
percent cash back card
[503]
synchrony premiere world mastercard and
[506]
you can simply just go online and you
[508]
can go to the website and apply if you
[511]
have this card
[513]
i don't know too much about it i don't
[514]
think a lot of people watching this
[516]
video right now know too much about it
[518]
on whether it is a good choice as a two
[520]
percent cash back card so let us know in
[523]
the comments and
[524]
whether or not it's worth getting my
[526]
third honorable mention is the sofi
[528]
credit card that is a two percent cash
[531]
back credit card it's fairly new out on
[533]
the market so again
[535]
if you have this card already let us
[538]
know if you're happy with it or not
[541]
these are the basic benefits this card
[543]
offers and it could be a right fit for
[546]
many of you today if this video is
[548]
helping you please hit like and if you
[550]
want to see my upcoming videos subscribe
[553]
and hit the bell notification
[555]
like i said i have something to help you
[557]
out in choosing a two percent cash back
[559]
card so i went all ask sebby on you and
[562]
i made an excel spreadsheet this way you
[565]
can compare all five of these offers i
[568]
talked
[568]
about today to help you decide which one
[572]
is going to be the best one for you
[574]
and if you need more time to compare
[577]
these features please hit pause all
[581]
right so going over all these two
[583]
percent cash back credit cards which one
[585]
do you think is the best out of all of
[587]
these
[588]
eight in total i'd be interested to know
[591]
and if i'd missed one let me know
[593]
so this whole video i've been talking
[594]
about two percent cash back credit cards
[596]
two percent two percent two percent two
[598]
percent but there are other
[600]
different types of cash back credit
[601]
cards and i recently did a video on the
[604]
city custom cash card that type of cash
[607]
back credit card might be a better fit
[609]
for you
[610]
than these two percent cash back credit
[612]
cards so make sure you check out that
[615]
video right over here not only that
[618]
remember to like this video you made it
[620]
to the end so you might as well hit that
[622]
like button
[623]
and uh subscribe if you want to see my
[626]
future videos other than that thank you
[628]
so much and i'll see you next time
Most Recent Videos:
You can go back to the homepage right here: Homepage