Calculate 2% Cash Back - Interactive Calculators
Quick Overview
- Earning 2% cash back means you'll receive 2 cents back for every $1 spent, so if you spend $100, you'd get $2 in cash back.
- To calculate 2% cash back, multiply the purchase amount by 0.02. For example, 2% cash back on a $200 purchase is $200 x 0.02, which equals $4.
Use our 2% cash back calculator to quickly find out how much cash back you'll earn on any dollar amount at a 2% rate.
What is 2% cash back?
"2% cash back" means you earn 2 cents for every dollar spent on eligible purchases. For example, if you spend $100, you’ll receive $2 in cash back rewards.
This rate is commonly offered as a bonus for spending in specific categories on credit cards. Some credit cards even offer this rate on all purchases which is fantastic.
How do you calculate 2% cash back?
To calculate 2% cash back, take the total amount of your eligible purchase and multiply it by 0.02 (the decimal equivalent of 2%). For example, if you spend $500, the calculation would be $500 × 0.02, resulting in $10 in cash back rewards.
This calculation applies to each qualifying transaction, so you can easily track how much you’re earning over time. Some credit cards offer 2% cash back on all purchases, while others may limit it to specific categories like groceries, gas, or online shopping.
Rakuten Rewards is a free cash back portal that lets you earn up to 10% cash back (or more) when shopping online. Stack your savings by combining Rakuten cash back with existing discounts and rewards from your favorite retailers.
It’s easy to sign up and use, making it a win-win for any online shopper!
2% cash back calculator
Use our 2% cash back calculator to calculate 2% cash back earnings based on any value entered.
Calculator: How much is 2% cash back?
| Total Cash Back: | $2.00 |
|---|
2% cash back amounts
The table below lists the amounts for 2% cash back for several denominations.
| Dollar amount | 2% cash back |
|---|---|
| $100 | $2.00 |
| $200 | $4.00 |
| $300 | $6.00 |
| $400 | $8.00 |
| $500 | $10.00 |
| $600 | $12.00 |
| $700 | $14.00 |
| $800 | $16.00 |
| $900 | $18.00 |
| $1,000 | $20.00 |
| $2,000 | $40.00 |
| $5,000 | $100.00 |
| $10,000 | $200.00 |
| $20,000 | $400.00 |
Best 2% back cards
There is a small handful of credit cards that offer 2% back on your purchases. This includes cash back cards as well as travel rewards cards.
If you're looking for simple cash back and don't want to have to worry about spending in specific categories or categories that change every quarter, a flat-rate 2% cash back or travel rewards card is an excellent choice.
Here are a few of the best 2% back credit cards in the market:
- Citi Double Cash Card:
Earns 1% cash back on purchases and 1% back when you pay off those purchases for a total of 2% back. No annual fee.
- Capital One Venture Rewards Credit Card:
Earn an unlimited 2X miles on all purchases that can be put towards any kind of travel including airfare, hotels, car rentals, and more—all at a low annual fee. Minimum 2% return, but can be worth much more.
- Wells Fargo Active Cash Card:
Earn 2% cash back on all purchases. No annual fee.
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best flexible travel card: Capital One Venture Rewards Credit Card
- Best overall value year after year: Chase Sapphire Preferred® Card
- Best for high cash back: Blue Cash Preferred® Card from American Express
- Best for foodies: American Express® Gold Card
- Best for business travel rewards: Ink Business Preferred® Credit Card
- Best for heavy business spenders: Capital One Spark Cash Plus
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