Alliant Credit Union is offering their Visa Signature card with one of the highest cashback rates available at 3% for the first year, and 2.5% thereafter in all categories and without spending limits
. I'm not aware of any other credit card (other than one by USAA for military with direct deposit requirements) that can match this rate.
The annual fee starting in year 2 is $59.
Until now, the best cashback rate I'm aware of is 2% w/ $0 annual fee, all categories, no spending limits.
EDIT: Seems some people are having a hard time with math, so I'm going to make this really simple:
- If you spend < $11,800 ($59 / 1/2%), stay with your 2% no annual fee card because even at 2.5%, you won't spend enough to overcome the annual cost of the card @ $59 starting year 2.
- If you spend > $11,800, every dollar you spend beyond that earns you more cashback with this card than your 2% no-fee card.
Click on "Earn 3% cash back..." link to the right of the screen to apply.