Our evaluations and opinions are not influenced by our advertising relationships, but we may earn a commission from our partners’ links. This content is created by TIME Stamped, under TIME’s direction and produced in accordance with TIME’s editorial guidelines and overseen by TIME’s editorial staff. Learn more about it.
The Citi Double Cash® Card, from our partner, earns a flat 2% cash back on all purchases (1% when a purchase is made and another 1% when it's paid off) that makes it hard to beat, especially since there is no annual fee. Cardholders also get a competitive intro annual percentage rate (APR) for balance transfers—balance_transfer_intro_apr,balance_transfer_intro_duration , followed by reg_apr,reg_apr_type.
This combination of benefits morphs the Citi Double Cash® Card into a credit card consumers with debt can benefit from now and later on. Individuals with high-interest credit card debt can use the Citi Double Cash® Card for debt consolidation and work toward debt freedom over 18 months. After that, the Citi Double Cash® Card becomes an excellent tool for earning 2% cash back with no annual fee required.
Since the Citi Double Cash® Card offers a generous rewards rate for spending and an intro APR offer for balance transfers, it's easy to see how this card can work well for two entirely different goals. Consumers who want to earn 2% cash back on all purchases without an annual fee can benefit if they pay off their balances each month to avoid interest charges. And people with high-interest debt on other cards can use the Citi Double Cash® Card to pay off that debt with zero interest over the introductory period. That helps solidify the Citi Double Cash® Card as a top balance transfer card.
In addition, the card has an balance_transfer_fees.
The Citi Double Cash® Card is geared to applicants with fair to excellent credit who want to earn rewards for spending or consolidate high-interest debt so they can pay it down. The card also works well for consumers who want a balance transfer card right now that offers rewards and benefits later on, once they become debt free.
In terms of rewards, the Citi Double Cash® Card works well as a standalone cash back credit card or as a companion card alongside another rewards credit card that offers more than 2% back in bonus categories like dining out, travel, gas, or drugstores. If a consumer opts to have more than one rewards credit card, including the Citi Double Cash® Card, they could use other cards to maximize rewards on bonus category purchases then switch to the Citi Double Cash® Card for other spending to earn a minimum of 2% cash back.
One of the biggest benefits of this card is the fact it offers the same generous rewards rate on everything you buy —2% cash back on all purchases (1% when a purchase is made and another 1% when it's paid off). To earn cash back you must pay at least the minimum due on time.
This lucrative earning rate is higher than most competing cards offer on regular purchases, and the lack of bonus categories or earning caps keeps the earning structure on the Citi Double Cash® Card incredibly simple and hassle-free.
Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
Like many other cash back credit cards the Citi Double Cash® Card offers a welcome bonuses worth $200 new cardholders who meet a minimum spending threshold $1,500 on purchases in the first 6 months after signing up.
The intro APR offer on the Citi Double Cash® Card is also worth pursuing on its own, even for consumers who only want to transfer balances without using the card for spending. The length of the intro offer combined with the introductory balance transfer fee makes the Citi Double Cash® Card competitive in a sea of other lucrative balance transfer offers.
Also be aware that the cash back earned with this card comes in the form of Citi ThankYou points. These rewards points are very flexible and easy to use, so cardholders don't have to worry about getting stuck with rewards points that are difficult to cash in.
Basic redemption options for the Citi Double Cash® Card include direct deposits into a checking or savings account, statement credits, or a check in the mail ($5 minimum required for a check). Rewards points can also be redeemed for gift cards, purchases through Amazon, or travel through Citi.
Users can even transfer their points to a handful of airline and hotel partners, albeit at an inferior transfer ratio compared to the Citi Strata Premier℠ Card—Citi's main travel credit card. Specifically, cardholders with the Citi Double Cash® Card can transfer their rewards points to Choice Privileges, JetBlue TrueBlue, and Wyndham Rewards.
What interest rates and fees will you encounter with the Citi Double Cash® Card? Here's a rundown of the fine print on this card.
The Citi Double Cash® Card doesn't have many notable benefits or features other than its rewards rate and intro APR offer for balance transfers. These are the few perks you do receive:
While the Citi Double Cash® Card comes with an exceptional rewards rate and a competitive intro APR offer for balance transfers, it's worth noting that some cash back credit cards have solid earning rates and intro APRs that apply to both balance transfers and new spending. Choosing this type of card lets users avoid interest on new purchases and on debt transferred to the card at the same time, which can make sense for people who want a balance transfer card they can also feel comfortable using for purchases.
Also be aware that the Citi Double Cash® Card is geared to people who have fair to excellent credit already, so it's not a good card for building credit from scratch or rebuilding credit after past mistakes. In those scenarios, consumers would be better off looking for a secured credit card or a credit card for fair credit.
Citi Double Cash® Card | Capital One Quicksilver Cash Rewards | Chase Freedom Unlimited® | |
|---|---|---|---|
| Annual fees | annual_fees | annual_fees | annual_fees |
| Credit score needed | credit_score_needed | credit_score_needed | credit_score_needed |
| Bonus rewards full | bonus_miles_full | bonus_miles_full | bonus_miles_full |
While the intro APR offer for balance transfers is a great feature of the Citi Double Cash® Card, this money-saving benefit only lasts for 18 months. However, the card earns an unlimited 2% cash back on everything you buy from day one and for long after the intro period ends. This makes the Citi Double Cash® Card an excellent credit card to keep for the long haul.
Even so, it never hurts to compare the best credit card offers to find the right fit. The Citi Double Cash® Card could easily be the best card for you now and later on, but comparing it to a few other top cash back credit cards is the best way to know for sure.
Considering that the Citi Double Cash® Card earns a lucrative cash back rate with no annual fee, it's definitely a "good" credit card. The intro APR offer for balance transfers also makes the Citi Double Cash® Card an excellent choice for debt consolidation.
The Citi Double Cash® Card is for consumers who have fair credit to excellent credit, so not everyone can qualify.
The credit limit you're assigned upon approval of the Citi Double Cash® Card can depend on your income, your credit history, and other factors. Citi could raise your credit limit in the future based on changes in your personal financial situation, or if you ask the card issuer for a credit limit increase.
The information related to Citi Double Cash® Card has been collected by TIME Stamped and has not been reviewed or provided by the issuer or provider of this product or service.
The information presented here is created by TIME Stamped and overseen by TIME editorial staff. To learn more, see our About Us page.
