pointstopictures Summary
The Citi Double Cash Card is a straightforward cash-back card offering 2% unlimited cash back (1% when you buy, 1% as you pay) with no annual fee, plus a $200 welcome bonus after spending $1,500 in the first 6 months.
Card Details
The Good
- High Rewards Rate: 2% unlimited cash back on all purchases with no category restrictions.
- Sign-Up Bonus: $200 cash back for meeting the spending threshold.
- No Annual Fee: A strong option with no yearly cost.
- Intro Balance Transfer Offer: 0% APR for 18 months on balance transfers.
- Flexible Redemption: Points redeemable as cash back, statement credits, or other rewards.
The Bad
- Foreign Transaction Fee: 3% on international purchases.
- High Ongoing APR: Variable APR ranges from 18.24%–28.24% after the intro period. Always pay your credit cards in full, every month.
Our take
Citi Double Cash is a good everyday card if you are not working on a sign-up bonus or using a card with a category bonus. The 2% cashback is generous for a card with no annual fee.
The cashback posts as ThankYou points. You can redeem those at 1CPP (Cents Per Point) by applying them towards statement credit.
The sign-up bonus comes and goes and $200 is as high as we have seen before. The spending requirement is also low at $1,500 in 6 months.
The 0% APR is only for balance transfers, not new purchases. You will still pay either $5 or 3% of the amount of each transfer, whichever is greater, so this is probably not worth doing.
Finally, you can pair this card with another ThankYou reward card, such as the Citi Strata (used to be Citi Premier). This way, the points you earn can be transferred to a number of Airline Partners. The Citi Double Cash card has the added advantage of keeping your ThankYou points alive if you close your ThankYou card with an annual fee.
