Citi® Double Cash Card: A Detailed Review

The Citi® Double Cash Card is a standout among cash back credit cards, known for its straightforward and generous rewards structure.

With no category restrictions and an easy-to-understand earning mechanism, it appeals to a wide range of consumers looking to maximize their everyday spending.

In this article, we’ll explore the key features, benefits, and considerations of the Citi® Double Cash Card.

Key Features

Cash Back Rewards

2% Cash Back on All Purchases: Cardholders earn 1% cash back on every purchase when they buy, plus an additional 1% cash back when they pay for those purchases. This means you can earn a total of 2% cash back on everything you buy, making it one of the most straightforward and rewarding cash back cards available.

No Annual Fee The Citi® Double Cash Card comes with no annual fee, allowing cardholders to maximize their cash back earnings without worrying about an annual cost eating into their rewards.

Balance Transfer Offer

0% Intro APR on Balance Transfers: The card offers a 0% introductory APR on balance transfers for 18 months. After that, the variable APR will be 19.24% – 29.24%. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.

Benefits

Flexible Redemption Options

Cash Back: Redeem your cash back as a statement credit, direct deposit, check, or converted into Citi ThankYou® Points for added flexibility.

No Minimum Redemption: Redeem cash back in any amount, giving you more control over when and how you use your rewards.

Purchase Protections

Purchase Protection: Covers your new purchases against damage or theft for up to 90 days from the date of purchase.

Extended Warranty: Extends the manufacturer’s warranty on eligible purchases, providing additional peace of mind.

No Categories to Track With the Citi® Double Cash Card, you don’t have to worry about rotating categories or activating quarterly bonus categories. You earn 2% cash back on all purchases, making it easy to understand and maximize your rewards.

Considerations

Foreign Transaction Fee The Citi® Double Cash Card charges a 3% fee on foreign transactions. If you frequently travel internationally, this fee can add up, and you might want to consider a card with no foreign transaction fees.

Balance Transfer Fee While the 0% intro APR on balance transfers is attractive, the 3% fee on transferred balances can be a downside. Calculate whether the savings on interest outweigh the balance transfer fee before making a decision.

No Sign-Up Bonus Unlike many other rewards cards, the Citi® Double Cash Card does not offer a sign-up bonus. If an upfront bonus is important to you, this card might not be the best fit.

APR The card has a variable APR of 19.24% – 29.24%. To maximize the benefits and avoid interest charges, it’s advisable to pay off the balance in full each month.

Conclusion

The Citi® Double Cash Card is an excellent choice for consumers seeking a straightforward, high-earning cash back card with no annual fee.

Its simple rewards structure of 2% cash back on all purchases (1% when you buy and 1% when you pay) makes it easy to understand and use, without the hassle of tracking spending categories.

While it lacks a sign-up bonus and charges foreign transaction fees, the Citi® Double Cash Card’s ongoing cash back rewards and flexibility in redemption options make it a strong contender in the cash back category.

Whether you’re looking to earn cash back on everyday purchases or seeking a balance transfer option with a long 0% intro APR period, this card offers substantial value for a wide range of spending habits.

Consider your spending patterns and financial goals to determine if the Citi® Double Cash Card aligns with your needs, and enjoy the simplicity and rewards it brings to your wallet.