Calculate 2% Cash Back - Interactive Calculators

Cash Back Calculators
Cash back calculator for calculating 2% cash back based on spend. Also, get the details on how to calculate 2% back and a list of the best cards for earning 2% back or more on your spending.
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Last Updated 2021-10-11

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.

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.

Use the 2% cash back calculator below to calculate cash back based on spend.

2% Cash Back Calculator

Enter the total cost of the purchase.
Total Cash Back: $20.00

What's The Best 2% Cash Back Card?

There's no cash back credit card that is considered to be "The Best", but there are credit cards that are better than others. There's not that many 2% cash back credit cards on the market, so your options are really limited.

Depending on your needs, it may be better to grab up one of the many popular 1.5% cash back credit cards or to have one of each.

For example, I use the Citi® Double Cash Card to earn 2% back in the States and use the Capital One Quicksilver Cash Rewards Credit Card, which has no foreign transaction fee, to earn 1.5% back on purchases made when traveling internationally.

Citi® Double Cash Card
Citi Double Cash Card
Intro Bonus
No current intro bonus
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Main Card Highlights
  • To earn cash back, pay at least the minimum due on time.
  • Cash back earned can be converted to the Citi ThankYou Rewards program
Annual Fee
Authorized User Fee
Foreign Transaction Fee
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Intro Bonus
One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Rewards Rate
Earn unlimited 1.5% cash back on every purchase, every day
Main Card Highlights
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • Pay no annual fee or foreign transaction fees
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Should I Get A 2% Cash Back Card

I recommend having at least a 1.5% or higher cash back credit card to take care of all miscellaneous purchases that your other cards may earn a lower return on. This will make sure that you're getting the most of your spend and maximizing your rewards.

Are 2% Cash Back Cards With Annual Fees Worth It?

In my opinion, cards that offer a 2% return (whether it's cash back or any other type of rewards) are generally not worth the hassle unless the card is offering additional perks and benefits that a no-annual fee card may not have.

If there are no benefits that gives the card an advantage, then there's no reason to pay an annual fee when cards like the Citi® Double Cash Card and Wells Fargo Active Cash℠ Card exist.


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.

Are there cards that earn higher than 2%?

There's a very few select cards that earn 2.5%-3% cash back on all purchases. There's also cards that feature 5% quarterly rotating categories such as the Chase Freedom Flex Card and Discover IT Card (which I recommend picking up).

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.

What's the best 2% cash back card?

There's no card that is considered to be "The Best", but the most popular 2% cash back or higher cards are the Citi Double Cash, PayPal Cashback Mastercard, and Alliant Cashback Visa.

Are there 2% points and miles cards?

Yes. There's a good handful of points and miles cards that earn a 2% return. The most popular card is the Capital One Venture Card. The AMEX Blue Business Plus is also another superb card.

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.

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