Citi Double Cash: Advantages and Disadvantages
The Citi Double Cash from Citi is one of the most competitive credit cards in the cash back cards category. With a rating of 9/10, it offers no annual fee and impressive rewards including 2% (1% when you buy + 1% when you pay).
In this comprehensive review, we break down everything you need to know about the Citi Double Cash: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Citi Double Cash Overview
The Citi Double Cash is issued by Citi and is designed for consumers with Good-Excellent (670+). It carries a rating of 9/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Citi |
| Annual Fee | $0 |
| Intro APR | 0% for 18 months |
| Regular APR | 18.24% - 28.24% Variable |
| Rewards | 2% (1% when you buy + 1% when you pay) |
| Welcome Bonus | $200 cash back after $1,500 in purchases in first 6 months |
| Credit Score | Good-Excellent (670+) |
| Foreign Tx Fee | 3% |
Rewards & Benefits Breakdown
The Citi Double Cash earns 2% (1% when you buy + 1% when you pay). Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 2% (1% when you buy + 1% when you pay) |
| Welcome Bonus | $200 cash back after $1,500 in purchases in first 6 months |
| Intro APR | 0% for 18 months |
| Credit Score | Good-Excellent (670+) |
Since this card has no annual fee, you can keep it forever without cost. Use it for everyday purchases to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 18.24% - 28.24% Variable |
| Balance Transfer APR | 0% for 18 months then 18.24% - 28.24% Variable |
| Foreign Transaction Fee | 3% |
Citi Double Cash vs Competitors
See how Citi Double Cash stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Discover it Cash Back | $0 | 5% rotating categories (up to $1,500/quarter) | Unlimited Cashback Match for first year | 8/10 |
| Capital One Quicksilver | $0 | 1.5% unlimited cash back | $200 bonus after $500 in first 3 months | 8/10 |
| Wells Fargo Active Cash | $0 | 2% unlimited cash back | $200 cash rewards after $1,000 in fir... | 8/10 |
| Bank of America Unlimited Cash | $0 | 1.5% unlimited, 75% more for Preferred Rewards | $200 after $1,000 in first 90 days | 7/10 |
| Venmo Credit Card | $0 | 3% top spend category, 2% next, 1% rest | N/A | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 2% (1% when you buy + 1% when you pay)
- Welcome bonus: $200 cash back after $1,500 in purchases in first 6 months
- No annual fee
- Generous intro APR: 0% for 18 months
- Issued by reputable Citi
❌ Cons
- Foreign transaction fee of 3%
- Higher than average APR
The Citi Double Cash is best for consumers who want a simple, no-fee card with solid rewards. If you have Good-Excellent (670+) credit and spend $624/month on average, this card could earn you significant value.
How to Apply for Citi Double Cash
Applying for the Citi Double Cash is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Good-Excellent (670+) for the best approval odds.
- 2
Compare Your Options
Compare the Citi Double Cash with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Citi.com or the Citi mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Good-Excellent (670+) credit to be approved for the Citi Double Cash. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely. Plus, the welcome bonus alone covers the first year's value.
The purchase APR is 18.24% - 28.24% Variable. There is an introductory APR of 0% for 18 months.
Yes, there is a 3% foreign transaction fee.
Rewards can be redeemed through your Citi online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Citi Double Cash is a solid choice in the cash back cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Good-Excellent (670+) credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Citi Double Cash earns 2% (1% when you buy + 1% when you pay). With a rating of 9/10, it is one of the better options in the cash back cards space. Recommended for consumers with Good-Excellent (670+) credit.