Explore the Citi Double Cash Card by Citibank, a standout option for those seeking a no-annual-fee card coupled with a rewarding cashback program of up to 2%.
Considering a new credit card? The Citi Double Cash Card combines simplicity with effective rewards, including an attractive cashback system and an introductory APR offer that might be perfect for your financial needs.
This card allows you to earn 2% cashback on purchases – 1% when you buy and another 1% as you pay off those purchases. The absence of an annual fee enhances its appeal. Remember, to accrue cashback, it’s essential to make at least the minimum payment on time. It’s also important to note that balance transfers do not yield cashback rewards.
For existing Citi customers, especially those utilizing Citi ThankYou Points, this card offers an additional perk. If you also hold a Citi Prestige or Citi Premier card, you can convert your cashback from the Citi Double Cash into ThankYou Points.
Interested in more details? Continue reading to learn about the card’s features, including its benefits and drawbacks.
Card Specifics
Introductory Offers and APRs
- No welcome bonus.
- An introductory APR of 0% for the first 18 months on balance transfers.
- Ongoing variable APR between 13.99% – 23.99%, based on creditworthiness and the Prime Rate.
- Cash advance APR is set at 25.24%, varying with the Prime Rate.
- Balance transfer and Citi Flex Plan APRs also range from 13.99% – 23.99%, subject to creditworthiness.
- Penalty APR stands at 29.99%, influenced by creditworthiness and the Prime Rate.
Fees
- No introductory or ongoing annual fees.
- Foreign transaction fee is 3% of each transaction in U.S. dollars.
- Cash advance fee is the greater of $10 or 5%.
- Balance transfer fee is the greater of $5 or 3%.
Penalty Fees
- Up to $40 for late payments.
- Up to $40 for returned payments.
- No overlimit fees.
Credit Score Requirements
- Suitable for those with good to exceptional credit scores, ranging from 690 to 850.
Pros
- No annual fees.
- Introductory balance transfer APR offer for new members.
- High reward rates with no bonus categories.
- Unlimited cashback potential.
Cons
- No welcome bonus.
- Foreign transaction fees apply.
- Balance transfer fees.
- Introductory APR does not extend to purchases.
Applying for the Citi Double Cash Card
Check your eligibility for the Citi Double Cash on the Experian website to see if it matches your credit profile. This card requires a good to excellent credit score.
As Citibank partners with Experian, you can also apply through Experian’s website, accessing offers tailored to your credit profile, current or as it evolves.
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FAQ: Citi Double Cash Credit Card
- What is the Citi Double Cash Credit Card? The Citi Double Cash Card is a credit card from Citibank that offers a cashback reward program without an annual fee. It allows cardholders to earn up to 2% cashback on purchases.
- How does the cashback reward system work? You earn 1% cashback when you make a purchase and an additional 1% when you pay for that purchase, totaling up to 2% cashback.
- Is there an annual fee for this card? No, the Citi Double Cash Card does not have an annual fee.
- What is the introductory APR offer? The card offers a 0% introductory APR on balance transfers for the first 18 months.
- Does the card have a welcome bonus? No, the Citi Double Cash Card does not offer a welcome bonus.
- What are the ongoing APR rates? The ongoing variable APR ranges from 13.99% to 23.99%, based on your creditworthiness and the Prime Rate.
- Can I earn cashback on balance transfers? No, balance transfers do not earn cashback rewards.
- What are the foreign transaction fees? The card charges a 3% fee on foreign transactions.
- What credit score is needed to apply for this card? The card is best suited for individuals with good to exceptional credit scores, typically ranging from 690 to 850.
- How can I apply for the Citi Double Cash Card? You can apply online through Citibank’s official website or through Experian’s website to check if you match the card’s credit profile requirements.