The Citi Double Cash credit card is best for people who are looking to get a simple and straightforward credit card with an excellent cash back rewards program. If you’re just interested in getting straight up 2% back on every purchase without having to worry about anything else, then this is the card for you.
There is no need to sign-up for this card because it’s available automatically when your application is approved. There are no limits as to how much you can earn through rewards, and there isn’t a sign-up bonus either. This card also doesn’t offer any extra features or extra ways of earning more than its base reward rate.
The interest rate of this credit card is 0% intro APR for 18 months, then 13.99%-23.99%. The balance transfer fee is $0 (waived) in the first year only, otherwise it’s three percent and a minimum of five dollars. This could be an issue if you’re transferring large amounts of money since that will cost more than other cards with lower fees. Even so, there are some positives about this offer which may outweigh those negatives depending on what kind of user you are: It doesn’t have an annual fee, the customer service is worth it if you need to call them often, and there are no foreign transaction fees.
To summarize: The Citi Double Cash Card stands up well on its own but also makes a great companion for those who want to maximize their rewards by using two cards in tandem. It doesn’t offer everything that every credit card shopper may be looking for (like more ways of earning or a sign-up bonus), but what it does have going for it is excellent customer service as well as not having any limits when it comes to how much cash back can be earned through purchases and high rates of cashback at all times. This could easily outweigh some negatives like the eventual balance transfer fee.
Benefits of the Citi® Double Cash Card
The Citi® Double Cash Card has a very high cash-back rate. The long 0% APR period is also excellent for balance transfers and purchasing items that you don’t want to pay interest on. It brings both benefits to bear if you use it carefully: zero percent financing with no annual fee for up to 18 months, then unlimited year-round rewards earnings without having to worry about late fees or penalty APRs.
The drawbacks of the Citi® Double Cash Card
The drawbacks are reflected in the lack of a sign-up bonus as part of the 18 month double BT offer and that it only provides double cash on all purchases which doesn’t compare to 5% back on some quarterly category cards. It also includes a 3% foreign transaction fee and $5 balance transfer fee with a 12 month no-interest period which is typical for cards that don’t provide an introductory interest rate. The card also includes a reward expiration and redemptions minimum.