Citi® Double Cash Card review

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Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

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Best flat-rate cash back card

Annual Fee:
$0
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
0% intro for 18 months on Balance Transfers
Regular APR:
15.74% - 25.74% (Variable)
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: Balance Transfer, Cash Back, Dining, Editor's Pick, EMV, Excellent Credit, Free Credit Score, Grocery, Mobile Pay Ready, No Annual Fee, Popular, Presale Tickets, Rewards, Unsecured credit card.

Score Breakdown

Bankrate Rating

Perks
Rewards
Annual Fee
Intro Bonus
Variable APR
Foreign Transaction Fee

Partner Offer

Citi® Double Cash Card: Details and benefits

If you’re searching for a simple cash back card that offers great value on your everyday spending, look no further than the Citi Double Cash Card. With no annual fee, a flat cash-back rate and straightforward redemptions, this card can make for a great addition to your portfolio of cards or as an introduction to cash back rewards.

The highlight of this card is its simplicity. The Citi Double Cash earns a flat 2 percent cash back rate on every purchase —1 percent as you spend and 1 percent as you make payments on your card. There are no categories or points structures to track and the total amount of cash back you can earn has no cap. That makes this one of the highest-earning cards in the cash back category.

You won’t earn cash back on balance transfers, but you can take advantage of the card’s 18 month zero percent introductory APR, which charges a fee of $5 or 3 percent of the balance, whichever is higher. After the introductory period, the balance transfer APR becomes a variable 15.74 percent — 25.74 percent.

If you travel outside the U.S., you should make sure you have another card for backup, as the Citi Double Cash charges a 3 percent foreign transaction fee.

Advantages
  • Unlimited 1 percent as you buy, 1 percent as you pay cash back rewards structure
  • No annual fee
  • Introductory zero percent APR for 18 months on balance transfers (then 15.74 percent — 25.74 percent variable)
  • No categories to track, no caps on cash back
Disadvantages
  • No introductory APR for purchases
  • Variable penalty APR of up to 29.99 percent if you pay late or payment is returned
  • The balance transfer fee is 3 percent or $5, whichever is greater
  • In order to receive the full 2 percent cash back value, you must pay your balance in full each month
  • The foreign transaction fee is 3 percent

Is the Citi® Double Cash Card worth it for you?

If you’re looking for a card that you don’t have to think too much about in order to gain value from it, this is a great choice.

Whether you’re dipping your toes into credit card rewards and want something easy-to-use or you’re looking for a catch-all addition to your travel and category-based points cards, the Citi Double Cash is a safe bet. Its 2 percent cash back rate (1 percent when you buy and 1 percent as you pay for those purchases) is nearly unbeatable when combined with the flexibility of unlimited flat cash back.

If you carry a balance month-to-month, though, you may not see the full value of this card. You can still earn cash back on minimum payments, but you’ll also incur interest at a variable 15.74 percent — 25.74 percent rate, based on your creditworthiness, that far outweighs the 1 percent cash back.

This is also a good option if your credit score hasn’t quite made it to “excellent” but you’re within the “good” range between 670 and 739, as you may still qualify for this card.

Get the most value from the Citi® Double Cash Card

This card can serve as your go-to for everyday spending like groceries, utilities and trips to the mall. Use it for everything that doesn’t fall into those categories in which you may have another, higher-earning rewards card, like travel.

After you’ve paid for your purchases with this card, though, the key to maximizing its value is paying your balance in full. The 1 percent cash back you’ll earn when making purchases is just a fraction of the card’s high variable interest rate. Make sure you pay off the card each month to earn the full 2 percent cash back value and keep interest charges at bay.

How much are the Citi® Double Cash Card rewards worth?

The card’s unlimited 2 percent cash back rewards rate (1 percent as you buy, 1 percent as you pay) is its best feature, but the Citi Double Cash is also useful for balance transfers.

You can enjoy an introductory zero percent APR on balance transfers for 18 months (after which it becomes a variable 15.74 percent — 25.74 percent) with a 3 percent balance transfer fee. If you held the average American credit card balance at $6,354, you could pay off the balance and fees in full over the introductory period by making $363.59 monthly payments, which include the $190.62 in transfer fees.

How to redeem rewards

Since your cash back is redeemed only through statement credit or check, redemption values are straightforward. You don’t have to pair it with another Citi card to earn its full value; simply pay your balance in full each month to earn the full 2 percent cash back.