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citi double cash card
13 Jul 2018

The Verdict on the Citi Double Cash Card

Searching for a rewards credit card that is worth using can be hard to find. Many of them offer great rewards but with annual fees and even hidden fees that offset any of the real benefits. The best of the best offer sign up bonuses and all kinds of extra perks.

Then, there are those rare finds that fall right in the middle of the spectrum. They’re good cards that offer value to the user without any hassle. Like the Citi Double Cash Credit Card.

If you’re interested in what this card has to offer then you’re in the right place. Here, we’re reviewing the Citi Double Cash card so that you can make an informed decision when it comes time to sign up for a new credit card that actually pays you back. Keep reading to learn more.

Reviewing the Citi Double Cash Credit Card

This card is for the average consumer that uses their credit card for monthly spend. If you want to maximize rewards with a rewards credit card, this could be the card for you. You can even earn a $100 cash back bonus for opening this card if you spend at least $500 within 3 months of opening the account.

This is not a traveler’s credit card. You will earn cash back on purchases but there are no airline affiliates or partners nor hotel chains with benefits for using your card. If you’re looking for a card that will benefit your travel spending, it’s probably wise to look at other credit cards that cater to travelers.

The Basics

If you’re someone who never misses a payment on a credit card and you typically pay early each month, this is a great credit card to consider. It rewards you specifically for doing just that, which also means that you won’t have to worry about going into debt because you’ll always be paying off your balance. Not to mention that you’ll be getting cash back for your purchases.

It’s pretty much a win-win, but depending on your financial situation and preferences may also depend on how you view this card. Here are some pros and cons that we’ve outlined for you to consider.

The Pros

This isn’t an elite status credit card but it just may make you feel like a VIP for its attractive benefits. There are plenty of purchases to use your credit card on in order to maximize your rewards. Just make sure there is no fee associated with using your credit card to pay bills such as utility bills.

This is an exceptional card that receives great reviews from consumers that prefer this type of card. The best way to use it is in conjunction with your bank account. Only spend what you can afford and pay it off right away.

0% APR on Balance Transfers for 18 Months

If you’re trying to pull yourself out of credit card debt, you may enjoy the 0% APR on balance transfers that last 18 months. It goes up to 14.99% to 24.99% depending on your creditworthiness after that.

This is a great way to pay off other credit cards. Just be careful not to use your other credit cards while you’re paying down your debt on this one.

2% Cash Back Rewards

The namesake of this credit card, you’ll earn a total of 2% cash back rewards on the Citi Double Cash card. First, you’ll earn 1% when you make purchases. This includes retail establishments, restaurants, grocery stores, gas stations, and online purchases.

You’ll earn the other 1% as soon as you pay your bill. Be careful though. If you don’t pay your bill on time, not only will you get a late fee, but you won’t receive the other half of your cash back.

No Annual Fee

Another attractive feature of this card is no annual fee upon signing up, or ever. Many cards with comparable rewards programs charge an annual fee of at least $75. You can consider this savings for carrying such a great credit card in your wallet.

The Cons

There’s not much bad to say about this credit card in general. It’s not a good idea to redeem your cash back for statement credits. You’ll lose 1 percent of your cash back this way.

Rewards will expire if your card is not used for over 12 months. This is important to consider before you sign up for the card. If you don’t expect to use your card for more than a few months and never cash in on the rewards, this card could be a waste of your time.

Excellent Credit Required

You’ll need a Good to Excellent credit in order to qualify for this card. The recommended credit score is 690-850.

In order to improve your credit so that you can qualify for this card, you should always keep your balances low and pay your balances on time. Keep track of your credit score with free credit monitoring sites and don’t apply for too many credit cards or loans at once. Keeping your inquiries low and showing improvement in your debt ratio will improve your score quicker than you may think.

No Sign Up Bonus

Some credit cards offer competitive rewards programs that offer sign up bonuses, such as with travel credit cards. This card does not. You can think about this among your choices in those credit card offers you’re getting in the mail.

Minimum Redemption for Rewards

You may be disappointed to learn that you’ll have to wait until you’ve earned $25 in rewards before you can redeem the cash back. This aside, you can also wait to cash in and get a great value all at once.

The Verdict

Overall, the Citi Double Cash credit card is a good option for anybody that likes a cash rewards credit card. The double cash option is not found with other cards. You’ll appreciate the extra cash you can earn just for using your card responsibly.

There are no caps on your cash back rewards from purchases to earning so you can feel confident that you’re getting the most out of your card each time you use it. Because there is no annual fee with this card, you can see significant benefits by using it. Many people choose to buy gas and groceries with their rewards card each month because it’s an easy and convenient way to rack up rewards and keep the balance low.

If you’re wondering what this card stacks up against, check out our rewards cards reviews. You can also see our credit card reviews for a more comprehensive look at credit cards that are available to you.