Is the Citi Double Cash Card worth it?

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The Citi® Double Cash Card can definitely be worth it, but it all depends on how you plan to use it. For the best results, you should use it to earn as much cash back on purchases as you can or to consolidate and pay down high interest debt you owe.

Before you can decide if the Citi Double Cash is a good cash back credit card—or at least the best credit card for you—it helps to know the cardholder benefits you’ll receive as well as the rewards rate and other perks you get to enjoy.

Is the Citi Double Cash a good rewards credit card? The analysis below will help you decide.

Details of the Citi Double Cash Card

If you think you might sign up for the Citi Double Cash to earn rewards, you’ll be happy to know this cash back card offers one of the highest flat rewards rates out there. Once you’re a cardholder, you get to earn a total of 2 percent back for each dollar you spend—1 percent when a purchase is made and another 1 percent when it’s paid off. There are no limits to the rewards you can earn, and the card doesn’t charge an annual fee.

If you’re someone who needs to consolidate and pay down high-interest debt, you should know this card gives you an introductory 0 percent APR on balance transfers for 18 months, followed by a variable APR of 13.99 percent to 23.99 percent (based on your creditworthiness). Just keep in mind that a 3 percent balance transfer fee (minimum $5) applies when you transfer other balances to this card.

Since rewards and balance transfers don’t mix well, you should probably use this card for one strategy or the other—not both.

Is the Citi Double Cash Card worth it?

Before you choose the Citi Double Cash over other rewards credit cards, it helps to know and understand all the main features you can access as a cardholder. Also, keep in mind that the rewards you earn and the perks you receive do not require an annual fee.

Exceptional rewards rate

Where many top cash back cards only give you 1.5 percent back in rewards (or offer specific bonus categories or categories that rotate), the Citi Double Cash keeps things as simple as possible. Once you sign up, you earn a total of 2 percent cash back for each dollar you spend—1 percent when a purchase is made and another 1 percent when it’s paid off.

Balance transfer offer

Cardholders get an intro 0 percent APR on balance transfers for 18 months, followed by a variable APR of 13.99 percent to 23.99 percent. This makes the Citi Double Cash a good option for consumers who need to consolidate and pay down high-interest debt.

Just keep in mind that the low interest offer applies to balance transfers only (not purchases) and that a 3 percent balance transfer fee (minimum $5) will apply.

Cardholder benefits and perks

The Citi Double Cash is pretty light on benefits, but that’s expected since it doesn’t have an annual fee. Perks you will receive include Citi Identity Theft Solutions, Citi Lost Wallet Service and Citi Entertainment.

Note, you’ll get $0 fraud liability protection, meaning you won’t be on the hook for a cent in fraudulent charges if a thief uses your card or your card number.

Should I get the Citi Double Cash Card?

The Citi Double Cash could work for almost anyone, including consumers who just want a no annual fee credit card. However, this card is best for consumers in two specific scenarios.

You want to earn a flat rate of cash back. The Citi Double Cash stands out among cash back credit cards due to its generous flat rate of rewards, which is higher than most others. The rewards you earn with this card are unlimited, so you can use it for all your spending and bills to rack up rewards fast.

Note that, when it comes time to redeem your rewards, you can use them for cash back or statement credits starting at $25, or you can turn your rewards into Citi ThankYou points once your rewards balance is at least $1. This option can be useful if you want more redemption options or you have another Citi credit card that earns points in this program.

You need to consolidate and pay down debt. If you’re not interested in rewards, but you need to consolidate and pay down debt, the Citi Double Cash is still worth considering. While you’ll want to avoid using this card for spending while you pay down transferred balances, this card gives you an introductory low interest offer for a full 18 months. This is one of the longest 0 percent APR introductory offers among balance transfer credit cards.

How to maximize your rewards with the Citi Double Cash Card

Since the Citi Double Cash offers a flat rate of cash back for each dollar you spend, you don’t need to jump through many hoops to rack up more rewards. All you have to do is use your card for all your regular spending and bills to earn 1 percent back, then pay your bill off in full to earn another 1 percent back.

Since the Citi Double Cash charges the regular variable APR on all purchases you make when you carry a balance, you should strive to pay your credit card bill in full each month anyway.

The bottom line

The Citi Double Cash is popular for a number reasons, primarily its exceptional rewards rate and its low interest offer on balance transfers. Just keep in mind that other credit cards may be worth considering, including options that give you rewards and a 0 percent APR on both purchases and balance transfers.

Take the time to research other rewards credit cards before you fully decide on the Citi Double Cash. It could be the best credit card for your wallet, but you should still compare all your options to be sure.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson began her career working in the funeral industry, which may make you wonder why she works in personal finance now. Yet, the funeral industry taught the author everything she needs to know about the value of one's money and time. Johnson left the mortuary business a decade ago in order to explore her passion for personal finance and travel the world, and since then, she and her husband have built a debt-free lifestyle that has them on the path to retire very wealthy in their 40s. Holly's love of budgeting also led to the creation of her debt payoff book, “Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love."
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