Best for no-frills cash-back rewards
The Citi Double Cash Card takes all of the stress and complication away from credit card rewards with a simple (yet lucrative) 2% earning scheme and straightforward cash-back redemption options. (Partner offer)
At a glance
- 2% Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- To earn cash back, pay at least the minimum due on time.
At a glance
- 2% Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- To earn cash back, pay at least the minimum due on time.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
- The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Our Take
TPG Editor's Rating
Overview
For some, all they really need is a good cash-back card with no annual fee so that they don’t have to stress about whether or not they’re maximizing every single purchase. Instead, just earn 1% cash back at the register and 1% cash back when you pay off your bill. Once you accrue $25 in rewards, you can request a check, a statement credit or direct deposit into your Citi checking or savings account.
Pros
- Earning 2% back on every purchase is an industry-leading return on everyday spending for a no-annual-fee credit card.
- Now that you have the ability to convert rewards to ThankYou points with an eligible card, your redemption options are even more flexible.
- It’s great for those looking to consolidate debt, since it offers new cardmembers 18 months of 0% intro APR on balance transfers made within the first four months of account opening (variable APR of 14.74% - 24.74% applies after).
Cons
- There is no sign-up bonus available on this card.
- Those looking to make a balance transfer will have to pay 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Who is this card good for?
The Citi Double Cash Card caters to beginners establishing good credit habits, since users will earn 2% cash back; 1% when they buy and 1% when they pay their statement. This incentivizes users to pay on time and in full, not only to earn more cash-back rewards, but to help increase their credit score. If navigating the world of points and miles is too stressful for you, the Citi Double Cash is a great pick for those looking for the utmost simplicity and want cash back in their pocket. It’s not hard to understand why it’s one of the best cash back credit cards and best credit cards overall.
Earning Rewards
The Citi Double Cash encourages users to build great credit habits, meaning you’ll earn 1% when you buy and another 1% when you pay, for an effective 2% rate on all your purchases. The sheer simplicity of this card will appeal to many people.
Frequently asked questions
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Is the Citi Double Cash worth it?
Even though this card doesn’t offer a sign-up bonus, you’ll want to think about the long-term value. The Citi Double Cash presents a terrific value proposition for those who don’t want to keep up with complicated bonus rewards rates, with the ability to earn a flat 2% on every purchase (1% when you buy, plus 1% as you pay). Since there’s no annual fee, this card will almost certainly be worth it for most consumers.
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How do I redeem points from the Citi Double Cash?
Once you accrue $25 in rewards, you can then redeem for a check, statement credit to your current balance or a direct deposit into your eligible Citi checking or savings account.