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Possibly the most straightforward rewards card you’ll add to your wallet, the Citi® Double Cash Card is an easy to understand, no-annual-fee cash back rewards card earning 2% back on every purchase; 1% when you purchase, 1% when you pay.
The card charges no annual fee, features outstanding retail perks like Citi Price Rewind, and offers one of the best introductory APRs on balance transfers available here in the U.S. which we’ll expand on below.
The big sell point with this card is 2% cash back on every purchase, which is then covered by Citi’s wide range of purchase protections and benefits. No need to watch for exclusive deals or pay attention to bonus categories. This is one of the highest rates for standard cash back spending across the board. Other cards like the Chase Freedom® can receive 5% cash back, but only on select categories that rotate every quarter.
Here’s the link to apply for the Citi® Double Cash Card offer, or read on for our full review.
If you're looking to pay down debt or finance a larger purchase, this card also comes with one of the best available introductory APR offers on balance transfers.
- 2% cash back on every purchase - 1% when you buy + 1% when you pay
- 0% intro APR on balance transfers for 18 months. After that, the (Variable) APR will be 15.99% – 25.99% based on your creditworthiness
- No annual fee
While the Citi Double Cash is a high earning rewards card without an annual fee, there are a few downsides which may impact your decision to apply. Chief among those is the lack of a signup bonus. Plenty of rewards cards with no annual fee feature signup bonuses as high as $500, so the absence of a signup offer outside of the intro balance transfer rate is disappointing. The card also charges a 3% foreign transaction fee, meaning it’s no good for purchases overseas. The $25 minimum redemption, which equates to $1,250 spent on the card, is often cited as another downside. But, we don’t see it as any roadblock to getting the card.
Citi® Double Cash Card Signup Bonus
The Citi Double Cash doesn’t offer a signup bonus in the traditional sense. Instead, new cardmembers can take advantage of an extended intro 0% APR on balance transfers for 18 months (then a (Variable) rate of 15.99% – 25.99%).
Earn 2% Cash Back With the Citi® Double Cash Card
There are very few rewards cards that make earning rewards this simple. No bonus categories to think about, and you don’t need to hold any other cards or transfer points to get the most value from your rewards. Simply swipe your card for any purchase, in any category, and earn 2% cash back on your purchase. You receive 1% back when you make the purchase, and another 1% back when you pay. There are no limits on the amount of cash back you can earn. However, it’s important to note that your rewards will expire if you don’t earn any cash back on purchases or payments for at least 12 months.
Redeeming Citi® Double Cash Card Rewards
You can redeem with as little as $25 in your cashback account, and you can get cash back rewards in the form of statement credits or having a check mailed to you. Gift cards are also an option for a wide variety of retail locations and restaurants, but unless you plan on giving the gift cards to a friend or family member as a gift, why lock yourself into one retailer when you can get straight cash back?. There is no complicated redemption process, no special portals, and no special requirements; just go to your online account and select “Redeem Rewards” to get your cash back.
Citi® Double Cash Card redemption options include:
- Gift cards from a variety of retailers
- Get a statement credit on your card account
- Direct deposit into your bank account (Citi or another bank)
- Receive a check in the mail
Citi® Double Cash Card Retail Benefits
Often overlooked, the Citi Double Cash retail benefits and purchase protections can provide outsized value if you remember to employ them. Primarily, we’re talking about Citi Price Rewind, Citi’s 60-day price protection benefit that can offer more value than the rewards you earn with your card. Here’s how:
Let’s say you purchase a new MacBook Air at the Apple store for $1,149.00, paying with your Citi Double Cash. You’ll get 1% back when you purchase and 1% when you pay your account, earning $22.98 cash back on your purchase. The next step is registering your purchase with Citi Price Rewind, and uploading your receipt. Citi does all the legwork searching for lower prices for your registered product, and if they find a lower price, emails you so you can request the difference. In our MacBook Air example above, if the price drops to $1,099.00, you can apply to get the $50 price difference back, easily eclipsing the value of the cash back earned on the purchase.
Your purchase is also covered by Citi’s extended warranty benefit, extending the warranty on your purchase for up to 24 months past the manufacturers' warranty. These are just a few of the standout purchase and travel protections available to cardholders that can provide a ton of value.
The Citi Double Cash is an excellent benchmark for the rest of your rewards card portfolio. When you can get 2% back on any purchase, every day of the week, there is no reason ever to swipe a card that returns less than 2%. You won’t pay an annual fee to hold this card, and you get access to a handy list of purchase and travel benefits at no cost.
If you’re a seasoned points and miles fan, comfortable analyzing different loyalty programs and transferring rewards between them to maximize the value of your points, this card becomes your fall-back card, pulled out when there are no bonus categories to be had. If you like to keep your rewards game casual and enjoy working a simple cash back strategy, the Citi Double Cash is a stellar option to add to your wallet.
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