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Who Should (and Who Shouldn’t) Get the Citi Double Cash Card?

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When it comes to cash-back credit cards, it’s hard to find anything that surpasses the value of the Citi® Double Cash, from our partner Citi. It’s not only a rewarding card for everyday purchases but also incredibly easy to rack up points. You’ll earn 1% when you buy and 1% when you pay your statement credit — for a total of 2% cash back on all purchases. 

With no bonus categories to memorize and no annual fee to worry about, the Citi Double Cash Card is an excellent go-to card, whether you’re filling up your tank, shopping online or paying your monthly bills. Below, we’ll do a deeper dive into who should — and shouldn’t — apply for the Citi Double Cash Card. 

Offer Details

Secure application on issuer’s website.

Annual Fee: $0
Bonus: 2% Cash Back
APR: Variable APR Between 17.74% – 27.74% After Intro 0% APR Period
Rewards Rate: 2% Cash Back
Details: Full Review

Terms and restrictions apply

Offer Terms

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 17.74% – 27.74%, 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% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time.

Who Should Use This Credit Card? People who want simple, flat-rate cash back on all of their spending.

Why We Like It

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. To earn cash back, pay at least the minimum due on time.

The credit card’s rewards rate makes it perfect for all of the odds and ends you buy from random stores and uncategorized vendors.

Current welcome offer on the Citi Double Cash Card

The Citi Double Cash Card does not typically come with a welcome bonus. However, since the card has no annual fee, the lack of a sign-up offer is usually not a dealbreaker for most.

Benefits of the Citi Double Cash Card

With the card’s 2% cash back rewards rate, this translates into 2 ThankYou points per dollar spent on all eligible purchases. Fortunately, it’s just as easy to redeem your rewards with the Citi Double Cash Card. 

You can exchange your points for cash back, with the choice between a statement credit, direct deposit or a check. Additionally, you can redeem your points for gift cards, on Amazon.com, travel and more. 

Plus, the Citi Double Cash Card comes with a balance transfer offer for new applicants. You’ll enjoy a 0% introductory APR for 18 months, although balance transfers must be completed within the first four months of account opening. Afterward, a variable APR of 17.74% – 27.74% will apply.

Finally, your Citi Double Cash Card acts as a golden ticket to unlock presales and seats to thousands of concerts, sporting games and other events worldwide through the Citi Entertainment program. 

Who should get the Citi Double Cash Card?

buying Bubble Tea with credit card
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Someone who needs a trusty credit card for all purchases

Let’s face it — there are tons of rewards credit cards on the market. Some cards advertise its unique travel perks, while others offer bonus points on select purchases. 

But if you don’t want to keep up with more than two to three credit cards, the Citi Double Cash Card is a reliable pick for a standalone card. While some cards may offer a better return in certain bonus categories, the Citi Double Cash will always earn 2% cash back — no matter the purchase. 

Someone who already carries a Citi travel credit card

If you happen to be a cardholder of the Citi Premier CardⓇ or the Citi PrestigeⓇ Card (which is no longer available for new applicants), adding the Citi Double Cash Card makes for the perfect pair

Offer Details

Secure application on issuer’s website.

Annual Fee: $95
Bonus: 80,000 ThankYou Points
APR: Variable APR Between 19.74% – 27.74%
Rewards Rate: 1X-3X ThankYou Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $95

APR: This card features a 19.74% – 27.74% variable APR based on creditworthiness.

Rewards Rate: The card offers 3x ThankYou Points per $1 spent at supermarkets, gas stations, restaurants, air travel and hotels. Beyond that, the card awards 1x ThankYou Points per dollar spent on all other eligible purchases.

Sign-Up Bonus: New account holders can earn 80,000 bonus ThankYou Points after making $4,000 worth of purchases during the first three months of account opening.

Who Should Use This Credit Card? People who want to maximize rewards in multiple spending categories and welcome transferring points to airline partners.

Why We Like It

Why We Like the Citi Premier® Card

The Citi Premier Card, from our partner Citi, is worth considering if you’re looking for accelerated travel rewards, but don’t want to pay a huge annual fee. It earns 3X points per dollar on air travel, hotels and spending at gas stations. You’ll also earn 3X points per dollar at supermarkets and restaurants and 1X point on everything else.

It’s easy to quickly rack up lots of points on this card. While you can redeem ThankYou points for gift cards, you’ll get more value when you redeem points for flights and hotels, and potentially even better value when you transfer points to travel partners.

Citi has dramatically improved the ThankYou Rewards program in recent years as well as the cards that earn those points, especially the Citi Premier Card. To compete with American Express Membership Rewards and Chase Ultimate Rewards, Citi has onboarded new airline partners like Avianca LifeMiles and JetBlue TrueBlue.

For instance, the Citi Premier Card is a fantastic travel card that comes with 3x points per dollar on restaurants, supermarkets, gas stations, air travel and hotels, but just 1x point per dollar on all other eligible purchases. That’s where the Citi Double Cash Card comes in — you’ll leverage its 2x earning rate to earn extra points outside of the Citi Premier’s bonus categories. This strategy alone can make the difference in accruing thousands more points per year. 

Finally, Citi’s travel credit cards give you exclusive access to more than a dozen airline transfer partners, from Air France/KLM Flying Blue to Singapore Airlines KrisFlyer. You can combine your points balance to maximize your rewards even further, particularly with award redemptions in premium cabins worldwide. 

Who shouldn’t get the Citi Double Cash Card?

tourist in athens at acropolis
Unsplash

If your credit card spending is predictable 

The 2% rewards rate on all purchases is a good solution if you don’t want to keep up with the mental gymnastics of earning credit card points. But there’s a downside: you may not be necessarily maximizing every dollar spent on your credit card by solely using the Citi Double Cash Card.

If your monthly spending is predictable, it may work in your favor to open multiple credit cards that offer bonus points on select categories. For example, let’s say your family spends $1,000 per month on restaurants and $500 per month on groceries. With the Citi Double Cash Card, you’ll earn 3,000 points every month, or $30 in cashback rewards, from these purchases. 

On the other hand, the Capital One SavorOneⓇ Credit Card is a no-annual fee card that offers 3% on groceries and dining, among other bonus categories. With a $1,500 monthly spend on these categories, you’ll earn $45 in cashback rewards. 

While $15 in rewards may not seem like much, that’s a difference of $180 in cashback every year. That’s why many credit card gurus will often get the Citi Double Cash Card to earn points on non-bonus purchases, and leverage other rewards cards for dining, groceries, gas and more. 

Someone who travels internationally 

If you plan on traveling abroad, you’ll want to avoid paying with the Citi Double Cash Card, which charges a 3% transaction fee on the U.S. dollar amount of each purchase made in a foreign currency. 

In other words, a $100 purchase will actually cost you $103 — so you can start to imagine how quickly these fees will add up for frequent travels. Fortunately, there are plenty of other credit cards that waive these pesky foreign transaction fees you may want to consider using instead. 

Someone with a history of missing credit card payments

The Citi Double Cash Card’s rewards rate encourages cardholders to spend wisely on the card and only spend what they can afford to pay off, with 1% cash back when you buy and 1% cash back when you pay your statement. 

If you miss a payment, you’ll still earn the other half of your cashback rewards — but you’ll accrue interest and other penalty fees. The Citi Double Cash Card comes with a steep APR, which can really sting if you miss a credit card payment. The variable APR for purchases is 17.74% – 27.74%, depending on your creditworthiness.

However, this principle applies to any rewards credit card on the market, and not just to the Citi Double Cash Card. If you risk missing a monthly payment, you’ll effectively negate the value of any rewards earned from the card. 

Bottom line

The Citi Double Cash Card has always been a crowd-pleaser, whether you’re looking for a starter credit card or a one-stop shop for all of your everyday purchases. With the 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases, the Citi Double Cash is an even more valuable option worth carrying in your wallet. 

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Marielle Lee
Marielle Lee
Marielle Lee is a digital nomad, working as a freelance writer in personal finance and travel rewards. Her first job was as a tour guide in France for several years, specializing in the country's great wine regions. After that, Marielle continued on to travel to more than 40 countries, all made possible by leveraging the 10-plus credit cards in her wallet.

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