The Citi® Double Cash Card, from our partner Citi, offers attractive and uncomplicated cash back for people who value a flexible credit card reward program. The cash-back card also comes with a competitive 18-month, 0% APR introductory balance transfer offer for new cardholders.
On top of an easy-to-navigate rewards program and balance transfer offer, the Citi Double Cash Card charges no annual fee. So, it’s an easy card to open and keep for the long term — especially if you’re looking for simple 2% rewards without the need to navigate bonus spending categories.
Secure application on issuer’s website.
Annual Fee: $0
APR: Variable APR After Intro 0% APR Period
Rewards Rate: 2% Cash Back
Details: Full Review
Terms and restrictions apply
Annual Fee: $0
Intro APR: New cardholders enjoy 0% introductory APR on all balance transfers for the first 18 months of account opening and are charged an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first four months of account opening. After that, the fee will be 5% of each transfer (minimum $5). Once the no-interest offer concludes, a variable APR between 13.99%–23.99%, based on creditworthiness, will apply to all balances.
APR: After the intro 0% APR offer concludes, a variable APR will apply.
Rewards Rate: The card offers 2% cash back on all purchases: 1% when you make a purchase; 1% when you pay the card balance.
Sign-Up Bonus: None
Who Should Use This Credit Card? People who want simple, flat-rate cash back on all of their spending.
Why We Like the Citi® Double Cash Card
The Citi® Double Cash Card, from our partner Citi, is among the top cards on the market for general spending. Forget the cards that offer 1% and 1.5% cash back. The Citi Double Cash Card offers you a whopping 2% cash back for all spending. Earn 1% back when you make a purchase and 1% back when you pay your account balance.
The credit card’s rewards rate makes it perfect for all of the odds and ends you buy from random stores and uncategorized vendors.
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Citi Double Cash Card Review
The Citi Double Cash Card is a Mastercard® credit card that gives its cardholders the opportunity to earn cash-back rewards on daily purchases. It doesn’t have the highest rewards rate you can find when it comes to the cash-back credit card category. But with no annual fee and an easy-to-use redemption process, the card is still a worthwhile cash-back candidate to consider.
Here’s a detailed guide that covers the key details you should know about the Citi Double Cash Card.
The Citi Double Cash Card does not feature a welcome or sign-up bonus for new cardholders.
So, if your primary goal in opening a new credit card is to earn a sizable bonus, you might want to consider other options.
Introductory Balance Transfer Offer
One of the standout features of the Citi Double Cash Card for new applicants is the card’s introductory balance transfer offer. Eligible cardholders have the option to take advantage of 0% APR on balance transfers for a lengthy 18-month period.
This is one of the best balance transfer credit card offers currently available.
Cardholders have four months from account opening to take advantage of the introductory balance transfer offer. After that time passes, Citi applies its variable APR to all unpaid balances.
Here are a few other details you should know if you’re considering opening the Citi Double Cash Card for its introductory balance transfer offer:
- After the 0% APR period expires (18 months after account opening), you’ll have to pay the regular variable APR on any remaining account balance.
- The regular variable APR will be determined by your credit rating.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first four months of account opening. After that, the fee will be 5% of each transfer (minimum $5).
- You will not earn cash back on balance transfers.
- The 0% APR applies to balance transfers only, not to new purchases.
- If you make a late payment, you could lose your introductory APR, and Citi may opt to apply the Penalty APR to your account.
A balance transfer credit card can be a helpful tool to help you pay down your existing credit card debt. Just keep in mind that this debt consolidation method works best if you can find a way to aggressively pay off your debt before the 0% APR promo period ends.
Another standout feature of the Citi Double Cash Card is the lack of an annual fee.
Although annual-fee credit cards can certainly be worth the cost if you can take advantage of the card’s benefits, some people prefer cards without this expense. And when it comes to no-annual fee credit cards, the Citi Double Cash Card is a solid contender.
The Citi Double Cash Card gives you the chance to earn 2% cash back on you purchases. You can receive 1% cash back when you make a purchase and an additional 1% cash back once you pay your bill.
Here’s an example of how the system works.
- On an eligible purchase of $1,000, you would earn $10 cash back once the charge posts to your account.
- You would earn another $10 cash back after paying off the $1,000 balance on your account.
- Your total cash back earnings for these transactions would equal $20 (or 2% cash back).
It’s also worth pointing out that the credit card does not have any spending categories you need to track. Furthermore, there are no limits on the amount of cash back you can earn on your account.
Certain transactions types are not eligible for cash rewards including:
- Cash Advances
- Balance Transfers
- Returned Transactions
- Account Fees
- Interest Fees
You’ll need to make at least the minimum payment due on time in order to be eligible for cash rewards.
If you fail to make your minimum payment, you won’t earn any cash back on the payments or purchases that post to your account during that billing cycle. (And you might get hit with late fees, derogatory credit history, and other negative consequences as well.)
Cash Back Redemption
Not only is it easy to earn cash rewards with the Citi Double Cash Card, it’s easy to redeem those rewards as well. Once you earn $25 or more in rewards, Citi gives you four options for cashing them out.
- Get a check in the mail. You can ask Citi to mail you a check for any amount between $25 (once you earn this much) and your total cash rewards balance.
- Transfer to a bank account. If you have a checking or savings account linked to your Citi® Double Cash Card (and you’ve used the account to pay your bill at least twice), you can request a funds transfer of your cash rewards to that account. Again, you need to have at least $25 in cash rewards to take advantage of this offer.
- Request a statement credit. Citi, upon request, can issue you a statement credit in the amount of your cash rewards ($25 and up).
- Convert to ThankYou® Points. As long as you have at least $1 in cash rewards, you can convert those rewards to ThankYou® Points. And if you hold the Citi Prestige® Card or the Citi Premier ® Card, you would then have the option to transfer some or all of your ThankYou® Points to any of Citi’s airline partners. Depending on your situation, you might be able to get more value out of your cash rewards with a point conversion and subsequent transfer.
Although there’s no cap on earnings with the Citi Double Cash Card, your cash rewards can expire in the following situations:
- You don’t earn any cash back from payments or purchases for a period of 12 months.
- You close your account, or convert it to another Citi credit card offer. (Be sure to redeem your rewards before you close or convert an account so you don’t lose your cash back.)
When you’re ready to redeem your rewards, you can make the request in your online account. Alternatively, you can call Citi at 855-473-4583 to initiate a redemption request.
Like many credit card issuers, Citi doesn’t disclose the exact credit score you need to qualify for the Citi Double Cash Card on its website. Yet according to numerous sources, a good to excellent credit score will give you your best chance of qualifying for a new account.
Citi has a webpage that allows you to see if you can prequalify for an account.
In the meantime, it’s a good idea to check your credit reports and credit scores before you apply for new financing.
You should also be sure to review your credit reports for errors (and dispute them if you find any). Credit errors have the potential to damage your credit score, and that could make it harder to qualify for a new credit card account.
Also keep in mind that your credit score isn’t the only factor that affects your account eligibility. This Slickdeals guide offers six simple steps that might help you get approved for a new credit card.
In addition to no annual fee and a solid cash back rate for purchases across the board, the Citi Double Cash Card has a few other notable benefits as well. (However, it is worth pointing out that many of these perks are also available with other credit card accounts — Citi or otherwise.)
- Digital Wallet: Use your card to make digital payments via Apple Pay®, Google Pay™, Samsung Pay, PayPal, and Click to Pay.
- 24/7 Customer Service: You can connect with a Citi customer service representative to resolve issues or ask questions around the clock.
- Contactless Pay: Tap your card on any contactless-chip enabled payment reader for a speedy (and sanitary) payment solution.
- Fraud Protection: Get notified when any unusual account activity occurs — 24 hours a day, 7 days a week.
- $0 Fraud Liability: You are not responsible for unauthorized charges on your account, provided you report them to your card issuer within a timely manner.
- The Lost Wallet® Service: If your card is lost or stolen, you can typically receive a replacement within 24 hours. Citi will even provide you with emergency cash if needed (based on your cash advance limit). However, be careful when using this feature as you could incur expensive cash advance fees.
- Citi Entertainment®: As a cardholder, you can take advantage of special access to ticket purchases for thousands of events. This may include exclusive access or presale tickets to sporting events, concerts, dining, etc.
As mentioned, you don’t have to worry about an annual fee with the Citi Double Cash Card. However, there are a few other types of fees you could potentially incur on the account.
- Cash Advance Fee
- Balance Transfer Fee
- Foreign Transaction Fee
- Late Fee
- Returned Payment Fee
The Citi®Double Cash Card is a solid cash back option, and with no annual fee there’s little downside to opening an account.
Yet depending on your priorities in a credit card account, there may be some other accounts that outshine it in certain categories.
- No Sign-Up Bonus. Cash back cards aren’t known for having the big sign-up bonuses you might find with premium rewards credit cards. Yet some cash back cards do offer the chance to earn welcome bonuses of up to $300 for eligible new cardholders. The Citi Double Cash Card, by comparison, offers no sign-up bonus opportunity.
- No Bonus Reward Categories. Some rewards cards offer 3X, 4X, or even 5X rewards in certain spending categories. The Citi Double Cash Card offers a flat 2% cash back — 1% at purchase and 1% at payment. If you’re willing to go through the hassle of using different credit cards for different types of purchases, you might be able to amplify your reward-earning potential. (Note: The Citi Double Cash could still be a good backup card for transactions that don’t qualify for a higher rewards rate on your other cards.)
- Foreign Transaction Fee. Due to its foreign transaction fee, the Citi Double Cash isn’t a great choice for international travel.
- No 0% APR on Purchases. Some credit cards offer 0% APR (for a limited time) on new purchases when you open an account. The Citi Double Cash does not come with this feature.
- Limited Benefits: You won’t have access to some of the popular benefits you can find on other cards, such as rental car insurance, extended warranty coverage, travel benefits, and more.
Citi Double Cash Card vs. Other No-Annual Fee Credit Cards
If you’re in the market for a credit card with no annual fee, it may help to compare the Citi Double Cash Card to other accounts in the same category.
With any type of financial product (credit cards, loans, etc.), it’s always a good idea to do some research to make sure you’re getting the best deal for your situation.
- Wells Fargo Active CashSM Card
- Capital One® Quicksilver® Rewards Credit Card
- Citi Custom Cash℠ Card
- Chase Freedom Unlimited® card
- Chase Freedom Flex® card
Is the Citi Double Cash Card Right for You?
There’s a lot to like about the Citi Double Cash Card. The ability to earn 2% cash rewards with no spending caps and no annual fee is a tough offer to beat for people who prefer simplicity in a credit card rewards program. People who want to consolidate their credit card debt with a 0% introductory APR offer may also find the card quite appealing (and among the best balance transfer card offers available).
If you’re happy using multiple rewards cards in order to earn the highest return on your money, the Citi Double Cash Card might still deserve a place in your wallet. It’s a great card to have handy when you need to make a purchase that lies outside of any of your normal bonus spending categories.