• MT Staff Writer
  • January 24, 2019

Editorial Disclosure: The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.”

Citi Double Cash Card Quick Facts

  • 2% cashback on purchases, 1% as you spend and 1% as you payback
  • No limit on cash back
  • No annual fee
  • 0% Intro APR on balance transfers for 18 months
  • Variable APR 15.74% – 25.74%
  • No cash back on balance transfers
  • Good to excellent credit needed for approval
  • Cashback redemption starts at $25

Pros & Cons

Pros:

  • High cashback rate
  • Easy-to-manage rewards
  • No annual fee
  • 0% Intro APR on balance transfers

Cons:

  • No intro sign-up bonus
  • No 0% APR on purchases
  • Must have good to excellent credit
  • $25 minimum redemption

Full Review 

The Citi Double Cash Card is an easy-to-use credit card with high cash back offers. This is mostly due to its flat-rate cash back, which is higher than most other credit cards. Here’s how it works.

Citi Double Cash

The Citi Double Cash Card offers 2% cash back on every purchase. You get 1% cash back when you make the purchase and an additional 1% when you pay it off. What’s more, there’s no limit on how much cash back you can earn. Easy enough, right?

What makes this card even more desirable is the no annual fee. Most credit cards with high cash back rewards charge $69 annually or higher in order to take advantage of its perks. 

While the cashback rate is hard to beat, the Citi Double Cash Card doesn’t have a sign-up bonus for new cardholders. Most cards will offer anywhere from $150 to $200 if you spend a certain amount on purchases in the first three months the account is open. Due to the lack of sign-up bonus, the Citi Double Cash Card is more of a credit card you’d want for the long haul. Reaping 2% cash back on all purchases may be a better pay off in the long run than an initial bonus. 

Citi Double Cash: Basics and benefits 

The Citi Double Cash Card shines when it comes to simplicity. Take the thought out of cash back rewards and start earning at a higher rate than other credit cards allow. As stated before, 2% cash back on all purchases is a pretty sweet deal when it comes to a credit card without an annual fee. 

Because the 2% is split up with 1% at the time of purchase and 1% when you pay your balance, you’ll be more inclined to pay off balances faster to cash in on that extra 1%. For credit users that pay their bill in full each month, the 1% at payoff is an added bonus. For those who aren’t so diligent, staying motivated for that 1% will help you avoid pesky interest fees. Keep in mind, variable APR can range from 15.74% to 25.74% with this card.

The Citi Double Cash Card doesn’t limit cash back, either. Other cards with high cash back rates typically limit the amount you can earn per quarter to $1,500 to $2,000. What’s more, the Citi Double Cash Card makes it easy to earn rewards with its flat rate. You won’t need to worry about using the card on a specific category of spending such as groceries or gas because all purchases reap 1% cash back equally. 

In order to take advantage cash back, cardholders must redeem at least $25 worth of rewards. Cashback can be used for a statement credit, bank account deposit, gift card, or check.

For a card with such great rewards, you may think you need excellent credit to be approved. Think again. The Citi Double Cash Card does require good credit, but the scores needed are 660 to 719. These scores are far lower than some of the Citi Double Cash Card’s competitors requirements.

If you’re looking to take advantage of balance transfers, the Citi Double Cash Card’s 0% APR for 18 months is very valuable. This card offers a slightly longer 0% APR for balance transfers period than other credit card issuers. The extra three to six months could prove worthy in time for the right person.

Other benefits offered by the Citi Double Cash Card aren’t the most impressive but may make a big difference for a certain type of spender. The card issuer will waive the fee on your first late payment. For online shoppers, Citi Price Rewind will register your online purchases, notify you when lower prices are found, and refund you the difference. For entertainment junkies, Citi Private Pass offers special deals for tickets and special events. Even though these are some pretty unique side benefits, there’s a lot more to consider before applying for the Citi Double Cash Card.

Citi Double Cash: Pitfalls and other possibilities 

Of course, there are a few downfalls when it comes to using the Citi Double Cash Card. 

First, there’s no sign-up bonus. Several other major credit cards offer bonuses of $150 to $200 for a certain amount of spending in the first three months the account is open. While this immediate bonus is nice, you’d likely make up the difference in the extra cash back rewards the Citi Double Cash Card offers over time. Only people committed to earning cash back rewards in the long haul should apply for this card.

In addition, the Citi Double Cash Card does not offer special spending categories for extra rewards. Many other cards will offer 5% cash back on certain categories every quarter. The rotating categories can be a hassle for some people, but also a huge rewards opportunity for others. Some strategic spenders may not be so interested in the 2% flat rate.

As for fees, the Citi Double Cash Card does charge a 3% foreign transaction fee. If you like to travel internationally, this wouldn’t be the card you’d use, as the 3% can add up quickly on big purchases. The balance transfer fee is also 3% with a minimum of $5 after the introductory period is over. This is a pretty typical balance transfer fee, but it can also add up over time once the introductory 18-month period expires. 

Finally, the rewards you can redeem with the Citi Double Cash Card are a bit limited. First, you need at least $25 in cash back to redeem your rewards. The minimum $25 in cash back translates to about $1,250 in purchases. This can be annoying if you want to cash in on a small amount. Next, your rewards can expire over time if you don’t earn cash back on purchases or payments for 12 months. This means if you quit using your card, you could potentially lose all the rewards you’ve earned in previous months. However, expiring rewards can be avoided if you make a minor purchase with the card every year.

While no card is perfect, the Citi Double Cash Card’s downfalls aren’t a huge issue.

Is the Citi Double Cash Card right for you? 

The Citi Double Cash Card is an incredible offer when it comes to cash back rewards. This is especially true if you’re looking to utilize a simple card for rewards. If you’re someone who’s looking to get cash back on just about anything you swipe, the Citi Double Cash Card is a perfect fit. Now, if you’re a strategic spender looking to cash in on extra bonus categories or a sign-up bonus, this card is not for you.

Learn More

“Many of the listings that appear on this website are from companies which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.”

Advertiser Disclosure: Many of the listings that appear on this website are from companies which we receive compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not review or include all companies or all available products.

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