Citi Double Cash Card Review: Earn Unlimited 2% Cash Back

Citi Double Cash Card Overview

The Citi Double Cash Card is a popular choice for consumers seeking a simple and rewarding credit card. It offers unlimited 2% cash back on all purchases, making it a versatile option for everyday spending.

Key Features:

• Unlimited 2% cash back on all purchases
• No annual fee
• No foreign transaction fees
• 0% introductory APR on balance transfers for 18 months
• 18-month balance transfer fee of 3% (minimum $5)
• Regular APR of 18.49% - 28.49% (Variable)
• No rewards expiration

Benefits of the Citi Double Cash Card

The Citi Double Cash Card provides several benefits that make it an attractive option for consumers:

Unlimited Cash Back:

The card's most significant benefit is its unlimited 2% cash back on all purchases. This means consumers earn cash back on every dollar they spend, regardless of the category. This simplicity eliminates the need to track spending or activate rewards.

No Annual Fee:

Unlike many other cash back cards, the Citi Double Cash Card does not charge an annual fee. This saves consumers money and makes it an excellent choice for those looking for a low-maintenance card.

Foreign Transaction Fees:

The Citi Double Cash Card does not charge foreign transaction fees, making it a convenient option for international travel. This feature saves consumers money when making purchases abroad.

0% Introductory APR on Balance Transfers:

New cardholders are eligible for a 0% introductory APR on balance transfers for 18 months. This allows consumers to consolidate high-interest debt at a lower rate, potentially saving money on interest charges.

Earning and Redeeming Cash Back

Earning and redeeming cash back with the Citi Double Cash Card is straightforward:

Earning Cash Back:

The card earns unlimited 2% cash back on all purchases. Cash back is earned as ThankYou Points, which can be redeemed for cash back, gift cards, travel, and more.

Redeeming Cash Back:

Consumers can redeem cash back as follows:

• Directly deposit into a bank account
• Request a check
• Redeem for gift cards from a variety of retailers
• Book travel through the Citi Travel Center

Citi Double Cash Card vs. Competitors

To compare the Citi Double Cash Card with other popular options, we've compiled a table highlighting key features:

Who Should Get the Citi Double Cash Card?

The Citi Double Cash Card is an excellent option for consumers who:

• Want a simple and rewarding cash back card
• Spend frequently on a variety of categories
• Travel internationally and want to avoid foreign transaction fees
• Are looking to consolidate high-interest debt with a 0% introductory APR on balance transfers

Potential Drawbacks

While the Citi Double Cash Card offers many benefits, there are a few potential drawbacks to consider:

• Lower cash back rate than some competitors: The 2% cash back rate is lower than some other cards that offer rewards in specific categories, such as dining or travel.
• No bonus categories: The card does not offer bonus rewards in any specific categories, which may limit its earning potential for consumers who spend heavily on particular types of purchases.
• Regular APR: The regular APR of 18.49% - 28.49% is higher than some other cards on the market, which can be costly if a balance is carried.

FAQs

1. What is the minimum credit score required for the Citi Double Cash Card?

According to Citi, the minimum credit score required for the Citi Double Cash Card is typically 700 or higher. However, this can vary based on individual circumstances.

2. Does the Citi Double Cash Card have a balance transfer fee?

Yes, the Citi Double Cash Card has a balance transfer fee of 3% (minimum $5). This fee is only charged when you transfer a balance to the card, not when you make purchases.

3. Is the Citi Double Cash Card good for travel?

The Citi Double Cash Card is a good option for travel as it does not charge foreign transaction fees. This means you can use the card to make purchases abroad without incurring additional charges.

4. Can I use my Citi Double Cash Card to book travel?

Yes, you can use your Citi Double Cash Card to book travel through the Citi Travel Center. You can redeem your ThankYou Points for flights, hotels, rental cars, and more.

5. How often do I earn cash back with the Citi Double Cash Card?

You earn cash back with the Citi Double Cash Card every time you make a purchase. Cash back is earned as ThankYou Points, which can be redeemed for cash back, gift cards, travel, and more.

6. What is the difference between the Citi Double Cash Card and the Citi Premier® Card?

The Citi Premier® Card is a premium credit card that offers a higher rewards rate (2 points per dollar on dining and travel, 1 point per dollar on all other purchases) but comes with an annual fee. The Citi Double Cash Card, on the other hand, does not charge an annual fee but offers a flat 2% cash back on all purchases.

7. Is the Citi Double Cash Card worth it?

The Citi Double Cash Card is worth it for consumers who spend frequently on a variety of categories and want a simple and rewarding cash back card. It is also a good option for those who travel internationally and want to avoid foreign transaction fees.

8. What are some alternatives to the Citi Double Cash Card?

Some alternatives to the Citi Double Cash Card include the Capital One Quicksilver Cash Rewards Credit Card, the Chase Freedom Unlimited, and the Discover it Cash Back. These cards offer similar rewards rates and benefits, but they may have different features and fees.