Citi® Double Cash Card

Best Total Cash Back Card

Citi® Double Cash Card

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Pros
  • So nice, they pay you twice: 1% back on purchases, and 1% when you pay your credit card bill.
  • Keep earning cash back with no limits!
  • Breaking up with a bad credit card or consolidating debt? The Citi® Double Cash Card offers 0% APR for 18 months! Plus, no annual fee.
Cons

Where the Citi® Double Cash Card lacks is in the initial rush that accompanies the signup process for a new credit card. There are some "bonuses" that come with your initial use of the card, but nothing to get excited about. Additionally, using your cash back requires a minimum cash back redemption of $25. 

Highlights
  • 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.
  • 0% introductory APR on balance transfers for 18 months. After that, the variable APR will be 14.74% to 24.74% based on your creditworthiness.
  • No categories to track, no caps on cash back, no annual fee.
 
Details

Application Process: Apply online, and get a decision within 60 seconds or less.

Annual Fee: No annual fee! So more cash in your pocket. Additionally, there's a balance transfer fee of $5 or 3% of the amount, whichever is greater.

APR: 0% APR for balance transfers in the first 18 months (that's a long time for a new credit card account and the best deal on this list for this feature), then a variable APR between 14.74% to 24.74% based on creditworthiness. Balance transfers do not earn cash back and must be completed 4 months from account opening. CreditDonkey recommends this card if you're trying to consolidate your debt, thanks to the low introductory APR/balance transfer fees.

RewardsYou 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.

Bonus Offers: The Citi® Double Cash Card offers a number of benefits, though none of an overt monetary nature. Instead, credit card benefits are more lifestyle-focused, and include:

  • A free pass on your first late fee
  • Special access to pre-sale tickets and VIP packages and complimentary movie screenings (℅ citiprivatepass.com)
  • Travel insurance and purchase protection
Card attributes
  • Variable APR
    14.74% - 24.74%
  • Cash Advance APR
    26.49%
  • Bonus Offers
    n/a
  • Rewards Rate
    1.0%
  • Annual Fee
    $0
  • Intro APR
    0% on Balance Transfers for 18 months
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Faveable Review

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.

For example, the card offers a 0% APR promotion on balance transfers for 18 months. After that, the variable APR will be 14.74% to 24.74% based on your creditworthiness. That's one of the longest balance transfer promotions out there, so you'll have plenty of time to pay off your credit card debt interest-free. The only drawback is that the 0% APR promotion doesn't apply to new purchases. 

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.

Once the 0% APR promotion is over, you'll have a variable APR of 14.74% to 24.74% based on your creditworthiness.

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. 

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