Citi Double Cash Card Review: Rewards on Every Purchase

Explore the Citi Double Cash Card. Earn unlimited 2% cash back on all purchases—1% when you buy and 1% as you pay. Learn about its welcome bonus, travel perks, and no annual fee in our complete guide.

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In a world of complex credit card rewards with rotating categories and spending caps, finding a card that offers simple, consistent value can be a game-changer. The Citi Double Cash Card aims to be that solution.

It’s built on a straightforward promise: earn cash back on everything you buy, and then earn again as you pay it off. This card has long been a favorite for its unique rewards structure. However, it also packs a competitive welcome bonus and a lengthy introductory APR on balance transfers.

In this review, we’ll break down exactly how the card works, who it’s best for, and whether it deserves a spot in your wallet. Read on!

Professional woman smiling while checking her smartphone in a tidy office, with a Citi Double Cash Mastercard shown beside her.

How the Credit Card Works

The Citi Double Cash Card operates on a simple yet powerful two-step rewards system. For every purchase you make, you earn an initial 1% cash back. Then, as you pay off those purchases, you earn an additional 1% cash back. It brings your total potential earnings to 2% on everything. There are no rotating categories to track or spending caps to worry about.

This card is designed for individuals who prioritize straightforward, consistent value. It appeals to savvy consumers who want a single, reliable card for their daily spending without the hassle of managing complex rewards programs.

Ideal applicants are often disciplined with their payments, ensuring they unlock the full 2% cash back potential. The rewards are accrued as ThankYou Points, which can then be redeemed for cash back, travel, and more.

What are the main advantages of Citi Double Cash Credit Card?

The Citi Double Cash Card stands out with several compelling benefits designed for maximum value and simplicity. Here are its five primary advantages:

  • Unlimited 2% Cash Back: Its signature feature provides a straightforward way to earn: When you buy and when you pay.
  • Substantial Welcome Bonus: New members are greeted with a generous offer: earn a $200 cash back bonus after spending $1,500 on purchases. It is valid for the first six months of opening your account.
  • No Annual Fee: You can enjoy all the benefits of this card without the burden of a yearly fee.
  • Excellent Balance Transfer Offer: The card features a 0% introductory APR on balance transfers for 18 months. It offers a long window to pay down existing debt interest-free.
  • Enhanced Travel Rewards: Cardholders earn a total of 5% cash back on hotels, car rentals, and attractions booked through the Citi Travel portal, adding significant value for travelers.

Disadvantages

While the Citi Double Cash Card offers great value, it has drawbacks that might not suit everyone. Certain features and fees can be deal-breakers depending on your spending habits.

  • Foreign Transaction Fee: A 3% fee on international purchases can negate your rewards, making it unsuitable for use abroad.
  • Balance Transfer Fee: Even with the 0% intro APR, a fee applies to every balance transfer.
  • Lacks Premium Perks: It doesn’t offer luxury travel benefits like airport lounge access or travel insurance credits found on other top-tier rewards cards.

Rates and Commissions of Citi Double Cash Credit Card

Understanding the rates and fees is crucial before applying for any credit card. The Citi Double Cash Card is transparent about its costs, which are important to consider for your financial planning.

The card has no annual fee. For purchases, the variable APR is between 18.24% and 28.24%, based on your creditworthiness.

It offers a 0% introductory APR on balance transfers for 18 months for transfers completed in the first four months. After that period, the standard 18.24% – 28.24% APR applies. Balance transfers have an initial fee of 3%, with $5 minimum, within the first four months. It will increase to 5% ($5 minimum) afterward.

Other notable fees include a 3% foreign transaction fee, a cash advance fee of 5% or $10 (whichever is greater), and a penalty APR of up to 29.99% for late or returned payments.

Requirements and eligibility criteria

To apply for the Citi Double Cash Card, applicants generally need to meet several key criteria. While Citi makes the final determination based on your complete application, there are some common benchmarks.

Primarily, you will need a good to excellent credit score, typically considered to be 670 or higher on the FICO scale. Additionally, you must be at least 18 years old and have a valid U.S. physical address. Applicants are required to provide a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).

You will also need to report your total annual income and major monthly housing payment, as Citi assesses your ability to make payments. For the most accurate and specific requirements, it is always best to consult the official application page directly.

How to get a Citi Double Cash Credit Card

Applying for the Citi Double Cash Card is a straightforward process. Following these steps can help you navigate the application and improve your chances of a successful outcome.

  1. Application Process: The most common way to apply is online through the official Citi website. You will need to fill out a secure application form with your personal and financial details. Alternatively, you may be able to apply in person at a physical Citibank branch.
  2. Tips for Approval: To increase your chances, first check your credit score; you’ll need a good to excellent score. Ensure your debt-to-income ratio is as low as possible by paying down existing balances. Double-check your application for any errors before submitting it.
  3. Receiving Your Card: If you get the approval, you can typically expect to receive your physical card in the mail within 7 to 10 business days.
  4. In Case of Rejection: If your application is denied, Citi is required by law to send you an adverse action notice explaining the reason(s). You can use this information to improve your credit profile. You also have the option to call Citi’s reconsideration line to ask them to review your application again, especially if you believe there was an error or you have new information to provide.

Conclusion

Ultimately, the Citi Double Cash Card solidifies its place as a top-tier contender for anyone seeking simplicity and consistent value. Its innovative cash back structure offers a high, flat rewards rate on every single purchase without the hassle of rotating categories. It presents a powerful package for both everyday spenders and those looking to manage existing debt.

However, it’s not without its trade-offs. The foreign transaction fee makes it a poor choice for international travel, and its lack of premium perks may leave luxury-seekers wanting more.

For the vast majority of consumers focused on maximizing straightforward cash rewards on U.S. spending, the Citi Double Cash Card remains one of the best and most reliable options available.

For those who feel this card aligns with their financial goals, you can begin the application process on the official Citi website. All you need to do is click here!

GET YOUR CITI DOUBLE CASH CREDIT CARD TODAY

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