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Earn points for every dollar you spend, with no annual fee and no blackout dates for travel rewards!
The Citi Double Cash card offers a simple and rewarding cashback system: earn 2% on every purchase—1% when you buy and 1% when you pay. With no annual fee and no category restrictions, it’s a great option for everyday spending. Keep reading to learn how to apply and maximize your rewards!
Citi Double Cash
No annual fee 3% foreign transaction feeHow does the Citi Double Cash Work?
Here’s how it works: every time you use your Citi Double Cash card for a purchase, you’ll automatically earn 1% cashback. Then, once your bill is due and you pay it, you’ll earn another 1% cashback.
This setup allows you to earn cashback with minimal effort, and you don’t need to worry about keeping track of categories or specific dates.
Another thing that makes this card appealing is that there are no restrictions. It doesn’t matter whether you’re buying groceries, clothes, or even paying bills—everything you purchase qualifies for cashback.
Overall, the Citi Double Cash card is perfect for people who want a no-hassle cashback program that works with almost every purchase.
Main Benefits for the Citi Double Cash
The Citi Double Cash card comes with a few main benefits that make it stand out. One of its best features is the straightforward cashback system: 2% back on all purchases. You earn 1% at the time of purchase and another 1% when you pay your bill. That’s it.
No need to remember rotating categories or keep track of special offers. If you spend money, you get cashback.
Another big benefit is that there’s no annual fee. A lot of credit cards charge an annual fee just to keep the card, but not the Citi Double Cash. This means you can use the card for as long as you want without worrying about extra costs.
The cashback is also easy to redeem. You can either apply the cashback to your credit card balance or transfer it to your bank account. There’s no complicated process, and it’s all done automatically.
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Cons for the Citi Double Cash
While the Citi Double Cash card offers many benefits, there are a few downsides worth mentioning. One of the main concerns is the interest rate. If you don’t pay off your balance in full each month, interest charges can add up quickly.
The interest rate can be high, and if you carry a balance from month to month, it could end up costing you a lot more than you expected.
Another downside is that, unlike some other cards, the Citi Double Cash doesn’t offer extra perks like travel rewards or discounts with partner stores. If you’re someone who is looking for additional benefits beyond cashback, this card might feel a bit too simple.
Additionally, while the cashback is great, it’s limited to the 2% system. If you’re looking for more flexible ways to redeem your rewards, the Citi Double Cash doesn’t offer much variety. You won’t find things like bonus points for certain purchases or unique redemption options.
Despite these cons, if you’re mainly interested in straightforward cashback without too much complication, the Citi Double Cash could still be a great choice.
APR and Fees
The Citi Double Cash card has an introductory APR for balance transfers, which is helpful if you want to move debt from other cards. During this introductory period, the APR is lower, making it easier to pay off your debt. However, after this period ends, the APR increases to a higher standard rate. This means that if you don’t pay off your balance in full, interest charges will apply.
Another thing to keep in mind is the fee for balance transfers. If you do a balance transfer after the introductory period, there’s a fee of 5% of the amount transferred (with a minimum fee).
There’s also a fee for foreign transactions, so if you use the card abroad, you’ll incur an extra charge. Cash advances come with a fee as well, either a flat $10 fee or 5% of the amount, depending on the amount.
However, one thing to note is that the Citi Double Cash doesn’t charge an annual fee. So, even though there are some fees for balance transfers, foreign transactions, and cash advances, not having to pay an annual fee makes the card more affordable, as long as you manage the other charges carefully.
How to Apply for the Citi Double Cash
Applying for the Citi Double Cash card is simple and quick. To start, you’ll need to provide some personal information. This includes your name, date of birth, social security number, and contact details like your address, phone number, and email.
You’ll also need to provide financial information, such as your annual income and monthly rent or mortgage payments. Once you fill out these details, you can also choose to add an authorized user to the account if you’d like.
If you’re already a Citi customer, applying becomes even easier. You can log in with your Citi username and password to speed up the process. Once you submit your application, Citi will review it and let you know if you’re approved.
