Citi Double Cash is one of the best everyday credit cards available right now, combining low costs and very good cash-back rewards to create a lot of savings for people with a
fair credit score or better. The Citi Double Cash Card has a
$0 annual fee and gives a total of 2% cash back in rewards on all purchases. Cardholders earn 1% cash back in rewards on purchases, plus another 1% cash back when paying off the resulting balance. Double Cash is nearly twice as rewarding as the average cash rewards credit card as a result.
There are other things to like about Citi Double Cash, too, along with a couple potential downsides to the offer. Below, you can find a breakdown of all the key things you should know before submitting your Citi Double Cash application.
Citi Double Cash Review Highlights
Earn cash back at 2X the market-average rate
True to its name, the Citi Double Cash Card offers 1% cash back twice: once when you make purchases and again when you pay your bill. The average cash rewards card gives you a total of
1.17% back. Plus, for a limited time, you can earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
$0 annual fee
Some of the best rewards cards charge hefty annual fees, forcing you to make a lot of purchases just to get your money’s worth. But not Double Cash. Its $0 annual fee saves cardholders about
$21.58 per year, compared to the average credit card.
The lack of an annual fee also means you can get Citi Double Cash to complement or backup another credit card without worrying about wasting money if you don’t use it all the time. For example, some people use Citi Double Cash for purchases in categories their other rewards cards won’t provide higher bonus earning rates for.
Zero-interest intro offer
The Citi Double Cash Back Card currently offers new applicants a promotional intro APR of
0% for 18 months on balance transfers. Balances transferred within four months of account opening are eligible for the introductory rate. The clock starts on the date of your first transfer. The average balance transfer credit card is interest-free for about
13 months.
$200 initial bonus
New cardholders can now take advantage of a great initial bonus offer:
$200 for spending $1,500 in the first 6 months. This new bonus makes Citi Double Cash even more appealing and helps it keep pace with the competition.
Fair credit required
You need a
fair credit score of
640 or higher to qualify for Citi Double Cash. So make sure to
check your credit score for free on WalletHub before you apply.
Balance transfers aren’t free
The Citi Double Cash balance transfer offer is a good deal, but it would be great with a lower balance transfer fee. Currently, Double Cash comes with a
3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.
High regular APR
Given that the Double Cash Card’s rewards are tied to your monthly payments, carrying a balance from month to month would be a money-losing proposition even if the card’s rates were low. And they’re not.
Your regular APR could be above average for a card that requires good credit for approval. It could also be well above the average among cards for people with fair credit. In other words, Citi Double Cash is nothing special if you don’t pay your bill in full every month.
To see how Citi Double Cash stacks up against its top competition, check out
WalletHub’s picks for 2024’s best rewards credit cards. And just to sum things up, please find a quick recap of the
Citi Double Cash Card’s key features below.
Citi Double Cash Review Takeaways
| Category | Value |
| Annual Fee | $0 |
| Average User Rating | 3.5/5 |
| Credit Needed | Fair |
| Editor’s Rating | 5/5 |
| Rewards Rate | 2% Cash Back |
| Sign-up Bonus | $200 |
