Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
To earn cash back, pay at least the minimum due on time.
Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
August 2, 2022
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Let’s dive in.
The Citi® Double Cash Card, from our partner Citibank, is perfect for the everyday shopper looking to make money back, not once, but twice. With this cash back card, you receive rewards for making your payments on time.
Specifically, you earn 1% cash back when making an eligible purchase and another 1% when you pay it off. This, in essence, results in a 2% total cash back on an eligible purchase.
In addition to those generous cashback rewards, the Citi Double Cash Card offer stands out with one of the longest 0% intro APR periods on balance transfers - 18 months.
This is an ideal card for people who stay on top of their payments and want a simple rewards structure. Savvy cardholders can select the automatic payment option in the Citi Mobile® app to ensure they receive the cashback every month.
Lastly, this card keeps rewards simple by putting money in your pocket without having to worry about any bonus spending categories.
To qualify for the Citi Double Cash card, you’ll need a good to excellent credit score. That means having a minimum credit score of around 700.
While this won’t be the only factor the credit card company considers, applying with a higher credit score will increase the likelihood of receiving better rates and a higher credit limit.
Next, we’ll look at the kind of fees associated with this credit card.
First and foremost, the Citi Double Cash card comes with a $0 annual fee.
Aside from that, the card issuer is offering an introductory balance transfer fee. For the first four months, cardholders enjoy a reduced balance transfer fee -- 3% of the amount of each balance transfer, $5 minimum. Once this introductory period ends, this fee goes up to 5%, $5 minimum.
Foreign transactions on the Double Cash are subject to a fee equaling 3% of the amount of each transaction in US dollars.
Both late payments and returned payments are subject to a penalty fee of up to $41 each.
Citi is offering a 0% introductory APR on balance transfers for the first 18 months from account opening. After that, the ongoing APR for balance transfers is between 16.24% - 26.24% (Variable), based on your creditworthiness. The ongoing APR for purchases is the same, 16.24% - 26.24% (Variable). Note that this intro APR only applies to balance transfers, not purchases.
Also, balance transfers are subject to interest and penalty charges unless you pay your balance in full and on time.
Finally, if you make a late payment or have a returned payment, there’s a variable penalty APR of up to 29.99%. If applied, Citi states the penalty APR will remain in effect indefinitely.
The Citi Double Cash Card comes with several valuable benefits, including:
Next, let’s take a look at the card’s defining characteristics.
Below are some of the noteworthy features of this Citi card:
The Citi® Double Cash Card is an excellent rewards card for everyday shopping. With a robust earning rate of 1% on your eligible purchases and then another 1% back when you pay it off, it’s hard to find a card with a better cash back rate.
However, the key to making the most of the Citi Double Cash credit card is making at least the minimum payment on time to earn that extra cash back for purchases in that billing cycle.
Although there is a foreign transaction fee, you can get around this by pairing it with a travel credit card. The prolonged introductory 0% APR for balance transfers, excellent cash back potential, access to Citi Entertainment, and the variety of other services make this an excellent card for all shoppers.
You can apply for this card here.