Looking for a general spend cashback card that offers a reliable 2% return? The US Bank Smartly™ Visa Signature® Card might catch your eye. While it provides enticing perks if you have a U.S. Bank savings account, let’s focus on how it stacks up as a straightforward 2% cashback card.
The US Bank Smartly™ Visa Signature® Card offers 2% cashback on all purchases. This makes it a solid choice for everyday spending, particularly if you want a simple and straightforward rewards structure. Additionally, if you maintain qualifying balances in U.S. Bank accounts, you can earn up to 4% cashback, but for our purposes, we’ll consider it purely as a 2% card.
When compared to other 2% cashback cards, here’s how it fares:
Citi® Double Cash Card: Known for its simplicity, the Citi Double Cash Card offers 1% cashback when you buy and another 1% when you pay off your balance. This structure ensures that you earn cashback both upfront and as you pay down your purchases.
Wells Fargo Active Cash® Card: This card offers 2% cash rewards on all purchases, with the added benefit of a $200 cash rewards bonus after spending $500 in the first 3 months. Its straightforward rewards structure and generous sign-up bonus make it an attractive option.
Fidelity® Rewards Visa Signature® Card: This card provides 2% cashback on all purchases, with rewards deposited into a Fidelity investment account. It’s an excellent choice for those who want to integrate their cashback with their investment strategy.
PayPal Cashback Mastercard®: Offers 2% cashback on all purchases, with rewards credited to your PayPal account. It’s ideal for frequent PayPal users who want to keep their rewards within the PayPal ecosystem.
Capital One Quicksilver Cash Rewards Credit Card: Offers 1.5% cashback on all purchases, and while this is slightly less than 2%, it comes with a $200 cash bonus after spending $500 in the first 3 months.
In summary, the US Bank Smartly™ Visa Signature® Card stands out as a strong contender among 2% cashback cards. Its straightforward rewards structure, combined with the potential for higher earnings with a U.S. Bank savings account, makes it an appealing option. However, if you’re purely looking for a 2% cashback card without additional banking requirements, the Citi Double Cash Card and the Wells Fargo Active Cash Card are also excellent choices.
Sources:
https://www.nerdwallet.com/best-credit-cards
https://www.creditkarma.com/reviews/credit-card
https://www.thebalance.com/best-credit-cards-for-cashback-5186303