Many credit card issuers have been taking a hatchet to their cash-back and rewards programs lately. But two financial-services companies are bucking the trend.

Both Fidelity Investments and Charles Schwab now offer cards with 2 percent rewards, no limits on how much you can earn, and no annual fees. No other cards that we know of give 2 percent back on all purchases. Most credit cards provide higher rewards for certain categories of spending, like gas or groceries, and lower ones for everything else. And often the higher rewards kick in only after you’ve crossed a certain spending threshold. For example, the AmEx Blue Cash card gives its highest level of rewards only after you’ve spent $6,500 in a year on the card.

Fidelity offers cards from American Express and Visa. Only the AmEx cards give 2 percent cash back on all purchases; with the Visa, it’s 1.5 percent on the first $15,000 in annual purchases and 2 percent after that. Schwab’s card is a Visa and has an additional benefit for frequent overseas travelers: no international exchange fees. Those fees often run from 1 to 3 percent, and aside from Capital One no other major credit issuer waives them.

Both the Fidelity and Schwab cards will deposit your cash back into a linked brokerage account. The Fidelity AmEx card can also be linked to a Fidelity 529 college savings plan or to an IRA.

While getting some extra cash back may be appealing these days, bear in mind that Fidelity’s cards carry an annual percentage rate of 17 percent, while the Schwab version has an APR of 14 percent. So they’re not for people who carry a balance. –Chris Fichera