Do yourself a favor and get an unlimited 2% cash back card

1% cash back is a thing of the past…

Omar Abou El-khir
3 min readOct 21, 2020


I bet you used your credit card today.

Well, if not today, then probably it was yesterday! :)

I’d imagine also that you already have a credit card that rewards cash back for specific categories like: restaurants, gas, travel, etc.., and 1% cash back on all other transactions

Well, not anymore, you shouldn’t use that card for the other transactions, instead, do yourself a favor and get an unlimited 2% cash back credit card.

Although, there aren’t a lot of options, I got you 4 cards -I personally use 2 of them-, and they all:

  • Reward 2% flat unlimited cash back (no categories, no rotation, …)
  • Post cash back monthly to your account
  • With no annual fees

1. PayPal Cashback Mastercard -highly recommended-

  • Pros: No minimum cash back redemption threshold. No foreign transaction fees.
  • Cons: No support for digital wallets (like Apple Wallet).

2. Apple Card

  • Pros: Cash back is redeemable daily to Apple Wallet. No foreign transaction fees.
  • Cons: To get the 2% cash back, you need to pay using Apple Pay on iPhone or touchless. Works with iPhone only.

3. Citi Double Cash Card

  • Pros: Supports digital wallets (like Apple Wallet)
  • Cons: You earn 1% on purchases, and another 1% after paying for those purchases (arguably, this could be a pro more than a con!). With 3% foreign transaction fees.

4. Fidelity Rewards Visa Signature Card

  • Pros: Supports digital wallets (like Apple Wallet)
  • Cons: High threshold for cash back redemption ($1,250). With 1% foreign transactions fees.

Although having a card that gives 2% cash back instead of 1% might looks like a minor difference, it’s actually double the cash back you are currently earning (for other categories).

That’s why, I strongly recommend applying for one of the above cards, it adds up long term, not to mention the compounding effect.

Thank you for reaching this far 👏. You can also check my other article to learn how to even maximize cash back beyond 2%.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.



Omar Abou El-khir

Principal Science Architect at Microsoft | Building great products is my true passion!