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Comment by roland35 | Hacker News Reader

Fidelity has a flat 2% card which has no annual fee. The cash back then automatically transfers to my brokerage account where it immediately loses money in the stock market, so maybe it works out to less than 2% :)

Citi also has a widely used cash back card for ~2%

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The Fidelity card really is a great general purpose low maintenance card. Plus, if your default cash position is SPAXX, it's currently earning 4.4% interest which isn't too shabby.

Citi’s card has a 3% foreign transaction fee though, making it completely unusable abroad. Fidelity also charges 1%.

I’m actually not aware of any 2% card without any catches (Apple’s being that 2% is only for Apple Pay transactions, which is anything but ubiquitous when shopping online.)

Yeah the foreign transaction fee is annoying on many cards - I don't have too many cards but I keep a travel focused card (capital one venture) for international travel.

> I’m actually not aware of any 2% card without any catches

The Bread Cashback Card (American Express)[1] and SoFi Credit Card (MasterCard)[2] give 2% cash back on all purchases with no foreign transaction fees, no annual fees, and no other "catches".

[1] https://www.breadfinancial.com/en/bread-financial-cashback-c...

[2] https://www.sofi.com/credit-card/

it looks like the fidelity card cashback even exceeds 2% if you have a large brokerage account with them, which is cool. but it looks like you do need an active brokerage account with them to use the card at all. a good deal if you'd like to have a fidelity brokerage account anyway, but imo citi doublecash is the better general recommendation since it doesn't have the same cross-product dependency.

Fidelity and Citi match Apple's 2%, okay.

Wells Fargo, too.

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