Best Total Cash Back Card
Cash Advance APR
- Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- Earn $100 cash back bonus after $500 in purchases within the first 3 months of account opening.
- No categories to track, no caps on cash back, no annual fee*
- Get an effective 2% rewards rate on all purchases
- Get a $100 sign-up bonus to start you off on the right foot
- The card's sign-up bonus is lower than competing offers
- The card no longer offers a 0% introductory APR promotion
- Its APR is high
Application Process: Apply online, and get a decision within 60 seconds or less.
Rewards: Earn 1% cash back when you make a purchase, then 1% back when you pay it off. You can claim your rewards as a statement credit, gift card, or a check in the mail, with a minimum cash back redemption amount of $25 required.
APR: 14.99% - 24.99% Variable APR.
Bonus Offers: Earn $100 cash back bonus after $500 in purchases within the first 3 months of account opening.
Annual Fee: None.
The Citi® Double Cash Card is one of the simplest and most rewarding cash-back credit card on the market. While it doesn't come with the same pizzazz you'll see with cards that offer sign-up bonuses and high category rewards, the card is a great bet for long-term value.
What's more, you can use your cash rewards for about anything you want, giving you more flexibility than you might get with a travel rewards credit card. If you want a no-frills cash-back card with a lot of value, this one's worth considering.
Citi® Double Cash Card review - Citi® Double Cash Card highlights
The Citi® Double Cash offers the highest ongoing rewards rate for any major cash-back credit card. You'll get 1% cash back every time you make a purchase and another 1% back when you pay it off.
When it comes time to redeem your rewards, you can get the cash in the form of a paper check or direct deposit, or you can request a statement credit or use your cash to buy gift cards.
Unfortunately, there's no sign-up bonus. But if you plan on keeping this card for a long time, you won't need one.
Citi® Double Cash Card rewards and perks
As we already mentioned, not having a sign-up bonus shouldn't be a deal breaker. To show you why, let's compare the rewards you'll earn with this card over time with the rewards you'd earn with, say, the Chase Freedom Unlimited®.
The card offers a $150 sign-up bonus after you spend $500 in the first three months, plus an additional $25 bonus if you add an authorized user and make a purchase during that same period. You'll also get 1.5% cash back on all of your purchases.
With that in mind, here's what you'll earn with both cards over a five-year period with $1,000 in credit card purchases per month:
|Credit Card||Year 1||Year 2||Year 3||Year 4||Year 5|
|Citi® Double Cash Card||$240||$240||$240||$240||$240|
|Chase Freedom Unlimited®||$355||$180||$180||$180||$180|
As you can see, you'll surpass the Chase Freedom Unlimited® card's total rewards by the end of year 3. And if you spend more than $1,000, you'll get there sooner.
Citi® Double Cash Card benefits
The Citi® Double Cash Card's main value proposition is its rewards program. But it's not the only reason you should consider this card. In fact, some of its other benefits can stand on their own.
The card also offers access to Citi® Private Pass®, which allows you to get presale tickets, complimentary movie screenings, and VIP packages to concerts, sporting events, and dining experiences.
Lastly, you'll get to use Citi Price Rewind, the bank's price protection program. Price protection is a benefit that allows you to get some money back when you buy something and the price drops shortly afterward. But while other issuers require that you do all the legwork, Citi Price Rewind will check for price drops for you for 60 days. All you need to do is register an item you bought and Citi will do the work for you.
Citi® Double Cash Card costs and fees
A lot of credit cards that offer lucrative rewards charge annual fees. But this one has no annual fee to speak of. The card will also give you a pass on your first late fee. Keep in mind, though, that a late fee can hurt your credit score if you don't pay it within 30 days.
While the card's balance transfer promotion is appealing, keep in mind that it charges a balance transfer fee of 3% of the transfer amount or $5, whichever is greater. So, if you transfer $10,000, you'll have a fee of $300 rolled into your balance.
Does the Citi® Double Cash Card make sense for me?
If you want a basic credit card that offers big rewards, the Citi® Double Cash is definitely worth considering. If you're not sure because you like the idea of getting more rewards on certain spending categories, consider getting this one and a card that offers those rewards so you can use them in tandem.
The card's balance transfer promotion is another winner because not all balance transfer cards offer rewards. So, if you're looking to pay down high-interest credit card debt, consider this card.