I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Over the weekend I covered the economics of the 2% cash back card.
My favorite is Citi Double Cash because of the high rate of return combined with MasterCard acceptance.
The card which would in my view be equally valuable is the Fidelity Investment Rewards American Express — the only downside being less acceptance, my dry cleaner for instance doesn’t take Amex.
Both cards have no annual fee.
The Fidelity card usually has no signup bonus but last February offered $75 after $500 in purchases within 60 days and last September offered $50 after $500 in purchases within 60 days.
The $50 signup bonus is back, reportedly through July 29. Once again the requirement to earn the bonus is $500 spend within 60 days.
I still value the points earned on unbonused spend from the Starwood Preferred Guest American Express Card at over 2 cents, so continue to use that as my go-to rather than a 2% cash back card.
And I prefer the Chase Sapphire Preferred Card as the best rewards card overall. However for those interested in cash back (and if your travels are primarily domestic economy, you might be), both Citi Double Cash and this Fidelity Amex offer are products to consider.