Citi Double Cash Card Review | The Best Flat Rate Cash Back Card

Updated January 26, 2021

Best for Flat-Rate Cash Back Rewards

  • Annual Fee $0
  • Intro Offer/Welcome Offer: No welcome bonus
  • Intro APR 0% APR for 18 months on balance transfers only
  • Regular APR 13.99% to 23.99% APR
  • Credit Score Requirements: Excellent (740-850) 
Terms and Conditions Apply 

OUR RATING: 3.75 stars out of 5 

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Why We Love the Citi Double Cash Credit Card

Citi Double Cash is among the best cash back credit cards on the market. You can earn 2% cash back on all purchases (unlimited 1% cash back when you buy and an additional 1% cash back when you pay). Cardholders don’t have to waste time tracking specific spending categories – all of your spending earns cash back rewards. 

Considering the Citi Double cash card also has no annual fee, there’s little downside to adding it to your wallet for everyday spending. 

Highlights of the Citi Double Cash Credit Card

  • 2% cash back on every purchase: unlimited 1% cash back when you buy, plus an additional 1% when you pay for those purchases
  • 0% Introductory APR offer on balance transfers for 18 months
  • No annual fee 
  • Minimum monthly payment required to earn cash back rewards

Who The Citi Double Cash Credit Card Is Best For

Citi Double Cash is perfect for the everyday spender who wants to earn cash back for all spending, not just specific spending categories like gas or groceries. This card is an excellent option if you plan to pay it off each month and like the idea of earning cash back rewards twice. Individuals with existing credit card debt will also benefit from having the Citi Double Cash card because they can transfer it over and pay it off over time.

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The Full Breakdown of the Citi Double Cash Credit Card

Citi Double Cash is among the best credit cards available today. It earns cash rewards on purchases twice, but that’s not the only thing you need to know about this credit card. We’ve compiled all of the card details below to help you decide whether it’s right for you.

Annual Fee

The Citi Double Cash Credit Card carries no annual fee. 

Intro APR Offer

Enjoy 0% introductory APR for 18 months on balance transfers only. Transfers must be completed in the first four months from account opening and the intro period starts from the date of the first transfer. There is also a balance transfer fee of 3% or $5 (whichever is greater) to consider.

Ongoing APR

Once the introductory period ends, the ongoing variable APR ranges from 13.99% to 23.99% APR, based on your creditworthiness. APR on new purchases ranges from 13.99% to 23.99% APR from Day One.

Welcome Bonus

Many rewards credit cards come with welcome bonus offers, which can quickly accelerate your rewards earnings. The Citi Double Cash Card, however, doesn’t currently come with a welcome bonus offer.

Credit Score Requirements

To qualify for the Citi Double Cash Card, you’ll need an excellent FICO credit score (between 740-850). You can build up your credit score and avoid costly late fees by paying off your credit card balance on time – and in full – each month.

Point Conversion/Redemption

The Citi Double Cash card has a $25 minimum redemption amount. Redemptions come in the form of a check, statement credit, or credit to a linked bank account.

You can also convert your cash back rewards into ThankYou Points. ThankYou Rewards is Citi’s loyalty program. The minimum balance required to convert to ThankYou Points is $1. You can redeem ThankYou points for a myriad of redemption options like travel, online shopping, gift cards, and more. 

Member Perks

There aren’t many extra benefits included with Citi Double Cash, however, the card does include the following perks: 

Citi Entertainment: Cardholders have access to exclusive ticket presales, events, and experiences. 

Purchase protection: You are 100% protected against any unauthorized charges on your Citi Double Cash card. Citi monitors your account and alerts you of any unusual activity. 

Contactless payment: Citi Double Cash is a contactless-chip enabled card. Now you can just tap your card on select payment readers.

Foreign Transaction Fees

If you’re planning to travel outside the US, plan to use another credit card besides the Citi Double Cash card. This card charges a 3% foreign transaction fee on all international purchases.

Reward Expiration

Cash back rewards expire if you go 12 months without earning any cash back on purchases or payments. This shouldn’t be an issue for anyone who uses Citi Double Cash for everyday spending, but it’s certainly worth noting.

Customer Service

Citi makes it easy to redeem cash back rewards. Cardholders can quickly redeem cash back by accessing their account online or through Citi’s mobile app. You can also redeem cash rewards by calling Citi at 1-855-473-4583.

How The Citi Double Cash Card Compares to Others

The Citi Double Cash Credit Card isn’t the only cash back card available. Another top card to consider is Blue Cash Preferred® Card from American Express. Each card offers valuable cash back benefits and other perks. Here’s a breakdown of how the cash back cards stack up against each other. 

 Citi Double Cash Credit CardBlue Cash Preferred® from American Express
Welcome BonusN/A$300 after $1,000 spending on your card in your first three months from card opening
Cash Back Rates2% total (1% on purchases and 1% when you pay)6% at U.S. Supermarkets and on select U.S. streaming services
3% on transit and U.S. gas stations
1% on all other purchases
Intro APR Offer on PurchasesN/A0% intro APR for 12 months 
Intro APR Offer on Balance Transfers0% intro APR for 18 monthsN/A
Annual Fees$0$95
Foreign Transaction Fees3%2.7%
Balance Transfer Fees3% or $5 per transfer, whichever is greaterN/A

Is This Credit Card Worth It?

Like any credit card, the Citi Double Cash card has benefits and drawbacks to consider.

Pros

  • Competitive cash back rate on all purchases
  • Lengthy intro APR offer on balance transfers
  • No annual fee

Cons

  • No welcome bonus
  • High balance transfer fees
  • Foreign transaction fees

Our Final Take on the Citi Double Cash Card

If you love cash back rewards – and your spending is distributed across several categories – the Citi Double Cash credit card may be a great fit. Instead of getting bogged down deciding which card to use for any given transaction, earn double rewards for all of your purchases (as long as you make your payments each month). 

Other rewards credit cards may offer more in terms of extra benefits like travel perks and sizable welcome offers. But with two ways to earn cash back rewards on purchases and no annual fee, there’s enough value to make the Citi Double Cash Card one of the best cash back credit card offers.  

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