Citi Double Cash Pros and Cons

When searching for a new credit card, you should ask yourself; “What am I looking for in this new card? Do I want a cash back card? Do I want a rewards card? Do I want a traveling card? Or do I want something else altogether?” If you are looking for a cash back rewards card with some added extra benefits, the Citi Double Cash Card could be exactly what you’re looking for.

Pros

1. Cashback

The first pro is the obvious cash back flat rate. Simply by making a purchase and putting it on this credit card, you earn 1% cash back. In addition, when you get to paying back the purchases you have made on your card, you get another 1% cash back. While the standard cash back rate is 1.5%, this card offers a 2% rate, putting it above its typical competitors.

1. Balance Transfer Benefits

This card also offers a lengthy intro Balance Transfer of 0% for 18 months. If you are someone who has been struggling with debt in the past and seem to always be clawing your way out of it, this card could help you accelerate that process. Even after the 18 month period was over, you should feel relaxed knowing the ongoing variable APR is below average, ranging from 13.9%-23.99%. With the low rates this card offers, it should be very helpful for those that are currently struggling with credit card debt.

1. Entertainment Features

Not a lot of credit cards will give exclusive offerings to their cardholders. However, the Citi Double Cash card gives all cardholders access to presale tickets on concerts, sporting events, dining, theatre and so much more. For more information on the entertainment features and future bookings, you can use the link to their website found here. 

Cons

1. Redemptions

Although the cash back reward feature for this card is high, you will not be able to redeem cashback through this card until you reach a minimum sum of $25. While you will still be able to redeem all rewards accordingly, it can be somewhat of a nuisance to wait until you reach $25 in order to start redeeming. That would mean you need to make a total purchase amount of $1,250 in order to start redeeming on this card.

1. No Rewards Program

The most obvious con of this card is the no rewards program offered. While Citi bank does give plenty of benefits for their cardholders, the no redeemable points for flying, hotels, or other select companies can be a turnoff. Other credit cards traditionally offer 3x the points on X purchases, 2x the points on Y purchases, and 1x the points on Z purchases. This card, while still having great benefits, does not offer any kind of rewards program.

Takeaways:

If you are the kind of person that cares about managing their money or smartly getting out of debt, this could be a great card for you. The cash back options as well as the balance transfers are great options this card offers and the pros can outweigh the cons. If you are looking for a card more suited towards travel, rewards points, and redemptions of some kind, it may be smarter to look around for a different credit card. Nonetheless, this card is a great option for all who wish to get money back through spending.