Citi Double Cash Review
The Citi Double Cash Card is renowned for its cashback rewards structure. This review provides insights into the card's cashback earnings, fees, and how it can help you maximize your cashback potential.
The Citi® Double Cash Card is a popular cashback credit card offered by Citibank. It's known for its straightforward cashback rewards program and flexibility in how you can earn and redeem cashback. Here's a review of the key features and benefits of the Citi Double Cash Card:
Key Features and Benefits:
Double Cashback: The Citi Double Cash Card allows you to earn cashback twice on every purchase. You earn 1% cashback when you make a purchase and an additional 1% cashback when you pay off that purchase, provided you make at least the minimum payment due. This effectively results in a total of 2% cashback on all your spending.
No Annual Fee: The card typically does not charge an annual fee, making it a cost-effective choice for cardholders.
Balance Transfers: While the card's primary focus is cashback rewards, it also offers balance transfer capabilities. You can transfer high-interest credit card balances to the Citi Double Cash Card and enjoy a 0% introductory APR on balance transfers for a specified period (usually with a balance transfer fee).
Flexible Redemption Options: You can redeem your cashback for a statement credit, a check, or convert it into ThankYou Points if you also have a qualifying ThankYou Points-earning card from Citi. The flexibility in redemption options is a unique feature of this card.
No Foreign Transaction Fees: Citibank typically waives foreign transaction fees, making it suitable for international travelers.
Free FICO® Credit Score: Cardholders often have access to their FICO® credit score for free, which can help with credit monitoring.
Security Features: The card includes security features such as chip technology, fraud protection, and zero liability for unauthorized charges.
Considerations:
The Citi Double Cash Card does not offer bonus categories or special cashback rates for specific types of spending. It provides a consistent 2% cashback on all purchases, which can be advantageous for those who prefer simplicity.
The balance transfer feature may be useful for consolidating high-interest debt, but it's important to consider the balance transfer fee and have a plan to pay off the transferred balance during the introductory period.
Like other cards, Citi is not as widely accepted in some regions outside the United States, so it's advisable to have an alternative payment method when traveling internationally.
In summary, the Citi Double Cash Card is a versatile and straightforward cashback credit card that's well-suited for individuals who want to earn a competitive cashback rate without dealing with complex bonus categories. The ability to redeem cashback in various ways and the 0% introductory APR offer on balance transfers add to its appeal. Always check the current terms and conditions on the Citibank website to ensure you are aware of the latest benefits and features.
A detailed examination of the Citi Double Cash Card's offerings..
The Citi® Double Cash Card is a popular choice for consumers looking for a credit card that rewards them for every purchase. With the Citi® Double Cash Card, you earn 2% cash back on all purchases, with 1% cash back when you buy and an additional 1% cash back as you pay for those purchases.
Here is a detailed examination of the Citi® Double Cash Card's offerings:
Benefits:
- Earn 2% cash back on all purchases, with 1% cash back when you buy and an additional 1% cash back as you pay for those purchases.
- No annual fee.
- No foreign transaction fees.
- Chip technology and mobile wallet compatibility.
- Cash back can be redeemed for statement credits, direct deposit, or check.
Features:
- Regular APR: 18.49% - 28.49% Variable APR
- No introductory APR.
- Balance transfer fee: 3% of the amount of each transfer, up to $5.
- Cash advance fee: 5% of the amount of each advance, up to $10.
- Penalty APR: Up to 29.49%
Overall, the Citi® Double Cash Card is a good option for consumers who are looking for a credit card that rewards them for every purchase and has no annual fee. The card's benefits include 2% cash back on all purchases, no annual fee, no foreign transaction fees, and chip technology and mobile wallet compatibility.
Here are some additional things to consider when evaluating the Citi® Double Cash Card:
- Rewards rate: The Citi® Double Cash Card offers a good rewards rate on all purchases. However, there are other credit cards on the market that offer higher rewards rates on certain types of purchases, such as travel or dining.
- Other credit cards: There are a number of other credit cards on the market that offer similar benefits and rewards to the Citi® Double Cash Card. Be sure to compare the Citi® Double Cash Card to other cards before applying to make sure that you are getting the best possible deal.
If you are looking for a credit card that rewards you for every purchase and has no annual fee, the Citi® Double Cash Card is a good option to consider. However, be sure to compare the card's rewards rate and other features to other credit cards on the market before applying.
Please note that the information provided above is accurate as of August 4, 2023. Please visit the Citi® Double Cash Card website for the most up-to-date information.