What is 2% cash back?
When a rewards program or credit card is offering 2% cash back, it means that for every $1 you spend you will earn 2 cents ($0.02) in the form of cash back.
How do you calculate 2% cash back?
You can calculate 2% cash back multiplying 0.02 by the amount you plan on spending. So if you spend $1,000, it would be $1,000 x 0.02 which equals $20.
2% cash back calculator
Use the 2% cash back calculator below to calculate cash back based on spend.
|Total Cash Back:||$2.00|
Best 2% back cards
There is a small handful of credit cards that earn 2% cash back on select purchases. For Canada, our top pick for earning 2% cash back is the Tangerine Money-Back Credit Card and Tangerine World Mastercard.
Calculate credit card cash back
Input your monthly and yearly spend amounts into the tool below to find out which credit cards will earn you the most cash back on your spending.
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- There's no good card options based on the spend entered.
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These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only. You can click on the estimated earnings to see the calculations or click on the card to learn more.
Do note that all spend amounts entered into the tool above will carry over to every credit card rewards calculator on the site, so there's no need to re-enter spend if you choose to dive deeper into calculating rewards for credit cards on the site.
What is 2% cash back?
2% cash back means you will earn 2 cents ($0.02) for every $1 spent.
Are 2% cash back credit cards good?
2% cash back credit cards are among the best rewards cards you can have.
How much cash back will I earn with a 2% cash back card?
It depends on how much spend you run through the card and whether or not the card has an annual fee. You can use the 2% Cash Back Calculator on this page to calculate total cash back based on your spend.
How do I know what's the best credit card for my spend?
You can use the Search For Credit Cards By Spend calculator to get a list of the best credit cards based on your spend across categories.