The Citi Double Cash Card is a standout in the world of cash back credit cards, offering a simple yet rewarding way to earn cash back on every purchase. Its unique 2% cash back structure – 1% on purchases and another 1% when you pay them off – sets it apart from many competitors. If you’re seeking a no-hassle way to maximize your cash back earnings, this card is definitely worth considering.
Why Choose the Citi ® Double Cash Card?
The Citi ® Double Cash Card offers several compelling reasons to make it your go-to cash back card:
- High Cash Back Rate: Earn an effective 2% cash back on all purchases – 1% when you buy, and another 1% when you pay.
- No Annual Fee: Enjoy the card’s benefits without paying an annual fee.
- Intro Balance Transfer Offer: 0% intro APR for 18 months on balance transfers from date of first transfer, then a variable APR of 19.24% – 29.99% applies.
- Simplicity: No rotating categories or spending caps to track. Earn rewards on everything you buy.
- Flexibility: Redeem your cash back for statement credits, direct deposits, travel, gift cards, or merchandise.
- Security: Benefit from Citi’s security features like $0 liability on unauthorized charges and ID theft protection.
Citi ® Double Cash Card: At a Glance
| Feature | Details |
|---|---|
| Rewards Rate | 2% cash back on all purchases (1% on purchases + 1% on payments) |
| Welcome Bonus | None |
| Annual Fee | $0 |
| Intro APR | 0% for 18 months on balance transfers |
| Regular APR | 19.24% – 29.99% Variable APR |
| Balance Transfer Fee | Intro fee: $5 or 3%; Regular fee: $5 or 5% |
| Foreign Transaction Fee | None |
| Other Benefits | Citi Entertainment access |
| Best For | Everyday spending, maximizing cash back, debt consolidation |
Key Features and Benefits
Let’s explore the features and benefits that make the Citi ® Double Cash Card stand out:
- 2% Cash Back: The card’s unique earning structure rewards you for both spending and responsible repayment. You earn 1% cash back when you make a purchase and another 1% when you pay it off.
- No Annual Fee: There are no annual fees, allowing you to keep more of your rewards.
- Intro Balance Transfer Offer: Take advantage of the 0% intro APR for 18 months on balance transfers to consolidate high-interest debt.
- Flexibility in Rewards Redemption: Choose how you want to use your cash back, whether it’s for statement credits, direct deposits, travel, gift cards, or merchandise.
- Worldwide Acceptance: Use your card anywhere Mastercard® is accepted.
- Citi Entertainment: Get special access to purchase tickets to thousands of events, including presale tickets and preferred seating.
Here are some of the other cards you can apply for:
Chase Freedom Unlimited®
Wells Fargo Active Cash® Card
Rewards and Redemption
Redeeming your cash back rewards with the Citi® Double Cash Card is straightforward:
- Statement Credits: Offset your credit card bill with your cash back rewards.
- Direct Deposit: Have your cash back deposited directly into your bank account.
- Travel: Use your rewards to book flights, hotels, and more through the ThankYou® Rewards portal.
- Gift Cards: Choose from a variety of gift cards from popular retailers.
- Shop with Points: Use your rewards to make purchases at Amazon.com or other participating retailers.
Fees and Interest Rates
Here’s a breakdown of the fees and interest rates for the Citi ® Double Cash Card:
- Annual Fee: $0
- Intro APR: 0% intro APR for 18 months on balance transfers from date of first transfer
- Regular APR: 19.24% – 29.99% Variable APR
- Balance Transfer Fee: Intro balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers completed within the first 4 months of account opening. After that, the fee will be either $5 or 5% of the amount of each transfer, whichever is greater.
- Foreign Transaction Fee: None
How to Apply for the Citi ® Double Cash Card
Applying for the Citi ® Double Cash Card is a straightforward process that can be completed online in just a few minutes. Here’s a step-by-step guide:
- Visit the Citi ® Double Cash Card website: Go to the official Citi ® Double Cash Card page: https://www.citi.com/credit-cards/citi-double-cash-credit-card
- Click “Apply Now”: You’ll find a prominent “Apply Now” button on the page. Click it to start the application process.
- Complete the Application: Fill out the online application form with your personal information (name, address, Social Security number, date of birth) and financial details (annual income, housing type, monthly rent/mortgage payment).
- Review and Submit: Carefully review all the information you’ve entered to ensure it’s accurate. Once you’re satisfied, click the “Submit” button to send your application.
- Receive a Decision: In most cases, you’ll receive an instant decision. If you’re approved, you’ll typically receive your card in the mail within 7-10 business days. If further review is needed, Citi will notify you and provide a decision within a few weeks.
Tips for a Smooth Application Process:
- Check Your Credit Score: Before applying, review your credit report and score to ensure you meet Citi’s creditworthiness criteria. Generally, a good to excellent credit score is recommended.
- Gather Your Information: Have all your personal and financial details readily available to avoid delays during the application process.
- Be Honest and Accurate: Provide truthful and accurate information on your application. Inaccurate information could lead to delays or rejection.
- Contact Citi if You Have Questions: If you encounter any issues or have questions during the application process, don’t hesitate to reach out to Citi customer service for assistance.
By following these steps and tips, you can smoothly navigate the application process for the Citi ® Double Cash Card and potentially start earning 2% cash back on all your purchases soon!
Who Should Get the Citi® Double Cash Card?
This card is ideal for:
- Those who want a simple, high-earning cash back card: The 2% cash back on everything is easy to understand and maximize.
- People who value flexibility in rewards redemption: The variety of redemption options allows you to use your rewards in the way that best suits your needs.
- Individuals looking to consolidate debt: The intro balance transfer offer can help you save on interest while paying down balances.
Is the Citi ® Double Cash Card Right for You?
The Citi® Double Cash Card is a straightforward and rewarding cash back credit card that earns an impressive 2% cash back on all purchases with no annual fee. Its unique “double dip” rewards structure, earning 1% on purchases and another 1% on payments, incentivizes responsible spending and timely bill payments.
While it lacks a sign-up bonus or bonus categories for specific spending types, the simplicity and high earning potential of the Citi® Double Cash Card make it a valuable addition to any wallet. The 0% intro APR on balance transfers can also be a helpful tool for those looking to consolidate debt and save on interest.
However, as with any financial product, it’s important to consider your individual spending habits and financial goals before applying. If you prioritize rotating bonus categories or travel rewards, there might be other cards that better align with your needs.
Ultimately, the Citi® Double Cash Card is a strong contender in the cash back credit card market, offering a combination of simplicity, high rewards, and flexible redemption options. If you’re looking for a no-nonsense way to earn cash back on every purchase, this card could be the perfect fit for you.
Remember:
- Read the fine print: Familiarize yourself with the card’s terms and conditions, including interest rates, fees, and rewards terms.
- Pay your bill on time: To maximize your rewards and avoid interest charges, pay your bill in full and on time each month.
- Compare with other cards: Before applying, compare the Citi® Double Cash Card with other cash back cards to ensure it’s the best option for your needs.
By taking these steps and using the card responsibly, you can unlock the full potential of the Citi® Double Cash Card and enjoy a steady stream of cash back rewards on your everyday spending.
Frequently Asked Questions
Q: Is there a cap on how much cash back I can earn?
A: No, there’s no limit to how much cash back you can earn with the Citi® Double Cash Card.
Q: Do my cash back rewards expire?
A: ThankYou® Points (which are earned as cash back) do not expire as long as your account is open.
Q: Can I transfer my ThankYou® Points to other loyalty programs?
A: No, Citi ThankYou® Points cannot be transferred to other loyalty programs. However, you can redeem them for a wide range of travel, merchandise, gift cards, and cash back options.
