We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.
Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.
Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.
The Citi® Double Cash Card is a great option for a cash back credit card that also comes with an intro offer for balance transfers.
This gives you the unique benefit of both cash back rewards and an intro balance transfer offer in one card — all with no annual fee. But if you use this card to complete a balance transfer, we suggest you wait until your balance is completely paid off before you swipe the card for new purchases, cash back or no — or you may end up paying more in interest than you bargained for. Keep reading to learn more.
|What we like||Heads up|
- The rundown: Everything we like about the Citi® Double Cash Card
- Heads up: What you should consider before applying for the Citi® Double Cash Card
- Do the math: How to get the most out of the Citi® Double Cash Card
- The competition: How the Citi® Double Cash Card stacks up against similar cards
- Bottom line: Is the Citi® Double Cash Card right for you?
The Citi® Double Cash Card might not have a seductive sign-up bonus, but it can offer benefits for the long haul, in addition to a pretty good intro balance transfer offer.
The card is a standout among the cash back crowd with great rewards on everyday purchases, which may also act as an incentive to keep your balance low. To get at total of 2% cash back on your purchases, you’ll earn 1% when you make the purchase, but you only get the other Citi® Double Cash Card 1% cash back once you pay for those purchases.
We do consider the Citi® Double Cash Card one of the best cash back credit cards on the market, but nobody’s perfect.
First of all, there’s no sign-up bonus. Many other cards offer some kind of incentive for signing up, so that’s one downside to this card.
Also, travelers should pay attention to the foreign transaction fee of 3%. Many other cards don’t have that fee, so it might be worth looking into another option — like the Capital One® Quicksilver® Cash Rewards Credit Card — if you’re planning to use the card for travel.Which Citi balance transfer card is best for you?
You should pay special attention to how you use the Citi® Double Cash Card if you’re looking to make use of the balance transfer offer. It doesn’t have an intro APR for purchases, which means that any new purchases you add to the card while you’re working on paying that transferred balance down could be charged interest.
The way to avoid paying interest charges for purchases is to pay the full balance on your statement — including the amount of any balances you transferred. So if you’re still working on paying off that balance transfer, consider saving the cash back earnings until you’ve paid it off in full.
|Great for no-hassle cash back||Chase Freedom Unlimited®|
|Great for travel||Capital One® Quicksilver® Cash Rewards Credit Card|
|Great for sign-up bonus||Blue Cash Preferred® Card from American Express|
Chase Freedom Unlimited® is another great option for super-simple cash back earnings with a $0 annual fee. You earn a little less on this card than with the Citi® Double Cash Card. With the Chase Freedom Unlimited® you’ll earn 1.5% cash back on every purchase, automatically. But it’s got a sign-up bonus, which the Citi® Double Cash Card is missing. With the Chase Freedom Unlimited® you can earn $150 bonus after you spend $500 on purchases in the first 3 months from account opening. Note the foreign transaction fee of 3%, though.
Like Chase Freedom Unlimited®, the Capital One® Quicksilver® Cash Rewards Credit Card earns you 1.5% cash back on every purchase, has a $0 annual fee and gives you a $150 cash bonus after you spend $500 on purchases in the first 3 months from account opening. But unlike Chase Freedom Unlimited®, and the Citi® Double Cash Card, it has no foreign transaction fee, making it a decent cash back contender if you’re a frequent international traveler.
From cardholders in the last year
The Blue Cash Preferred® Card from American Express earns you rewards well above what the Citi® Double Cash Card offers — a whopping 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). It also earns you 3% cash back at U.S. gas stations and select U.S. department stores and 1% back on other purchases.
And while there’s a foreign transaction fee of 2.7% and an annual fee of $95, it has the highest welcome bonus of the cards on this list: a $200 statement credit after you spend $1,000 in purchases in the first 3 months.
The Citi® Double Cash Card is a top-of-the-line choice for solid cash back rewards. This card is a good option if you don’t want to monitor cash back categories. If you’re more interested in the balance transfer offer, just make sure you wait until your transferred balance is paid down before you start charging new purchases to the card.
Either way, the Citi® Double Cash Card is a strong contender that could be a long-term wallet favorite.