Reviews

Citi Double Cash Card Review: Unbeatable 2% Cash Back for Everyday Spending

Earn 2% on every purchase, a $200 bonus, and 5% on travel, with no annual fee.

Rickie C. Keys, Ph.D., MPH

Mar 22, 2024 — 2 min read

Features

Annual Fee: $0, offering value without cost.
Rewards Rate: 2% cash back on all purchases: 1% when you buy, plus an additional 1% as you pay for those purchases.
Intro APR: 0% intro APR on Balance Transfers for 18 months, then a Variable APR of 19.24%-29.24%.
Sign-Up Bonus: Earn $200 cash back after spending $1,500 in the first 6 months. Bonus awarded as 20,000 ThankYou® Points, redeemable for $200 cash back.
Special Offer: 5% total cash back on hotel, car rentals, and attractions booked through the Citi Travel℠ portal until 12/31/24.

Benefits

High Rewards Rate: One of the best flat-rate cashback rates available, ideal for uncomplicated everyday earning.
Flexibility in Redemptions: Rewards can be redeemed as statement credit, bank account deposit, or transferred to select travel partners.
Intro Balance Transfer Offer: Opportunity to manage debt with a 0% intro APR on balance transfers.
No Annual Fee: Maximizes the return on spending without any yearly cost.

Drawbacks

No Bonus Categories for Everyday Spending: While a 2% reward rate on all purchases is strong, the card lacks bonus categories for elevated rewards in common areas like dining, groceries, or gas.
No 0% APR Period for Purchases: If you're looking to finance a big purchase interest-free, this card won't offer an introductory 0% APR period for purchases, limiting its utility as a financing tool.
Rewards Complexity for Travel: While points can be transferred to travel partners, navigating the best value for these transfers might require a deeper understanding of the Citi ThankYou rewards program, potentially complicating the redemption process for some users.

Product Summary

The Citi Double Cash® Card shines in the cash-back credit card arena with its straightforward yet highly rewarding 2% cash back on all purchases: 1% upon purchase and another 1% upon payment. This card is perfect for those seeking an uncomplicated reward structure without an annual fee. While it lacks an intro APR period for purchases, its balance transfer offer and the added bonus of earning 5% back on travel booked through Citi until the end of 2024 provides exceptional value. The Citi Double Cash Card stands out as a reliable daily card for all types of spenders, especially when paired with a bonus category card to maximize rewards. Its simplicity and flexibility in converting cash back into ThankYou® Points for potentially more value make it a versatile choice in the competitive cash-back market.

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