Money Analysed

Maximize Your Shopping Rewards with the Citi Double Cash Card

Are you looking for a credit card that rewards you for every purchase you make? Look no further than the Citi Double Cash Card.

This card is designed to reward you for your shopping habits, giving you cash back on every purchase you make. In this article, we’ll take a closer look at the benefits of earning cash back with the Citi Double Cash Card and the card’s features.

We’ll also explore who should get this card and any drawbacks to consider.

Benefits of Earning Cash Back

Who doesn’t love getting a little extra money? The Citi Double Cash Card offers a simple and straightforward cash back rewards program that can help you earn extra cash with every swipe.

Here are a few benefits of earning cash back with this card:

1. Rewards for Every Purchase

With the Citi Double Cash Card, you’ll earn cash back on every purchase you make.

The card offers 1% cash back when you buy something and another 1% when you pay it off. That means you’re earning cash back on every purchase, whether you’re buying groceries or booking a vacation.

2. Flexibility with Reward Redemption

The Citi Double Cash Card earns cash back that you can redeem for statement credits, gift cards, or checks.

This gives you the flexibility to use your rewards how you want, without any limits or restrictions. 3.

No Caps or Categories

Unlike other credit card rewards programs, the Citi Double Cash Card does not have any limits or categories for earning cash back. You can earn unlimited cash back on all your purchases without having to worry about hitting a ceiling.

Citi Double Cash Card Features

In addition to its straightforward cash back rewards program, the Citi Double Cash Card has other features that set it apart from other credit cards. Let’s take a closer look at what this card has to offer:

1.

0% APR Balance Transfer

If you’re struggling to manage credit card debt, the Citi Double Cash Card can help. The card offers a 0% introductory APR balance transfer offer for 18 months.

This means you can transfer your existing high-interest debt to the Citi Double Cash Card and save on interest while you pay it down. 2.

No Annual Fee

The Citi Double Cash Card has no annual fee, making it an affordable choice for those who want to earn cash back without any extra costs. 3.

Security Features

With the Citi Double Cash Card, you’ll have access to a suite of security features that can help protect you from fraud and theft. These include zero liability protection, fraud alerts, and chip-enabled technology.

Who Should Get the Citi Double Cash Card? The Citi Double Cash Card is an ideal choice for those who value cash back and simple rewards programs.

This card is perfect for budget-conscious members who want to earn cash back on all their purchases without any limitations or categories. Those who are looking to consolidate high-interest credit card debt will also benefit from the Citi Double Cash Card’s 0% APR balance transfer offer.

This feature can help you save on interest and pay off your debt faster. However, frequent travelers and those who spend heavily in specific categories may find the Citi Double Cash Card less rewarding.

The card has a foreign transaction fee, making it less ideal for those who travel abroad frequently. Additionally, the card’s earning potential may be limited for those who spend heavily in specific categories, such as gas, groceries, or dining.

Final Thoughts

The Citi Double Cash Card is a great choice for those who want a simple, straightforward rewards program that earns cash back on every purchase. With no annual fee, a 0% APR balance transfer offer, and a suite of security features, this card is a smart choice for budget-conscious shoppers.

While the card may not be the best fit for frequent international travelers or those who spend heavily in specific categories, its flexibility and unlimited earning potential make it a popular choice for many credit card users. If you’re looking for a card that rewards you for every purchase you make, the Citi Double Cash Card may be just what you need.

3) Card Basics

If you’re looking for a credit card that offers cash back rewards without an annual fee, the Citi Double Cash Card is an excellent choice. Here are some of the basics you need to know about this card:

Citi Double Cash Card Details:

The Citi Double Cash Card is a Mastercard that offers 1% cash back on all purchases and another 1% cash back when you pay your balance in full.

There is no limit on the amount of cash back you can earn, and rewards can be redeemed for statement credits, checks, or gift cards. What’s more, the Citi Double Cash Card has no annual fee, making it an affordable choice for budget-conscious consumers.

Credit Score Recommendation and Intro APR Offer:

To be approved for the Citi Double Cash Card, you’ll generally need a good to excellent credit score. Generally, a FICO score of 670 or above is recommended for approval.

For those who qualify, the card offers a 0% Intro APR on balance transfers for 18 months from the date of the first transfer when transfers are completed within 4 months from the date of account opening. After that, the variable APR will be 13.99% 23.99% based on your creditworthiness.

4) Citi Double Cash Benefits and Perks

Aside from its cash back rewards and no annual fee, there are plenty of other benefits and perks that come with the Citi Double Cash Card. Here are just a few:

Generous Rewards and Introductory APR Period:

The Citi Double Cash Card’s rewards program is incredibly simple and straightforward, earning unlimited 2% cash back on all purchases.

Additionally, the card offers an introductory 0% APR on balance transfers for 18 months from the date of the first transfer when transfers are completed within 4 months from the date of account opening, making it easier to pay off existing debt without having to worry about high-interest rates. $0 Annual Fee and Card Security:

As previously mentioned, the Citi Double Cash Card has no annual fee, making it an affordable choice for those who want to earn cash back without any extra costs.

Additionally, the card comes with extensive card security features, including Lost Wallet Service, $0 liability for unauthorized purchases, and chip-enabled technology. Access to Presale Event Tickets and Citi Entertainment:

Cardholders with the Citi Double Cash Card can enjoy exclusive access to presale event tickets through Citi Private Pass.

From sports to concerts to theater events, you’ll have the opportunity to get early access to some of the most sought-after events. Additionally, Citi Entertainment offers cardholders access to special experiences, like meet-and-greets with celebrities or VIP packages at select events.

Final Thoughts:

Overall, the Citi Double Cash Card is an excellent choice for those who want to earn cash back on every purchase without any complicated rewards programs or annual fees. With an introductory 0% APR on balance transfers, extensive card security features, and exclusive access to presale event tickets and Citi Entertainment, this card offers plenty of perks that go beyond cash back rewards.

Plus, its simple and straightforward rewards program makes it easy to earn unlimited cash back on all your purchases. So, if you’re looking for a reliable and rewarding credit card, the Citi Double Cash Card is certainly worth considering.

5) Drawbacks to the Citi Double Cash Card

While the Citi Double Cash Card has plenty of benefits, there are also a few drawbacks to consider before you apply. Here are two areas where the card falls short:

Limited Benefits for Purchases and Foreign Transactions:

While the Citi Double Cash Card does offer an introductory 0% APR on balance transfers, there is no introductory rate for purchases.

So, if you plan on making a large purchase and carrying a balance, this card may not be the best option. Additionally, the card charges a foreign transaction fee of 3%, making it less ideal for those who frequently travel abroad.

6) Earning & Redeeming Cash Back with the Citi Double Cash Card

Now that we’ve covered the drawbacks of the Citi Double Cash Card, let’s take a closer look at how you can earn and redeem cash back with this card. Potential Earnings and Best Ways to Earn Cash Back:

As previously mentioned, the Citi Double Cash Card offers unlimited 2% cash back on all purchases 1% when you buy, and another 1% when you pay your bill.

This means that for every $100 you spend, you’ll earn $2 in cash back rewards. To maximize your earning potential, it’s best to use the card for all your everyday purchases, including groceries, gas, and dining out.

Redeeming Cash Back Options and Converting Rewards to Citi ThankYou Points:

When it comes to redeeming your cash back rewards, the Citi Double Cash Card offers several options. You can redeem your cash back for statement credits, checks, or gift cards.

Additionally, if you have a Citibank checking account, you can choose to have your rewards deposited directly into your account. If you have other Citi credit cards that earn ThankYou points, you may be able to convert your cash back rewards into ThankYou points and redeem them for travel, merchandise, or other rewards.

Final Thoughts:

Overall, the Citi Double Cash Card is a solid choice for those who want a simple and straightforward cash back rewards program. While the card does have a few drawbacks, such as limited benefits for purchases and foreign transactions, its unlimited earning potential and flexible redemption options make it a popular choice for many consumers.

Whether you’re looking to earn cash back on everyday purchases or want to consolidate high-interest debt with the 0% APR balance transfer offer, the Citi Double Cash Card is certainly worth considering.

7) Citi Double Cash Card FAQs

There are several common questions people have when considering the Citi Double Cash Card. Here are answers to a few frequently asked questions:

Working and Eligibility Criteria for the Citi Double Cash Card:

To be eligible for the Citi Double Cash Card, you’ll typically need a good to excellent credit score (around 670 or higher).

Additionally, you must be at least 18 years old and have a verifiable income. You can apply for the card online or by phone, and you’ll generally receive a decision within a few minutes.

Credit Limit and Sign-Up Bonus Information:

The credit limit you’re approved for with the Citi Double Cash Card will vary depending on your creditworthiness and income. Typically, credit limits range from $500 to $25,000.

However, there is no sign-up bonus for the Citi Double Cash Card. Instead, the card’s 2% cash back rewards program is its primary selling point.

Redeeming Cash Back and Late Fee Information:

As we’ve mentioned previously, cash back rewards earned with the Citi Double Cash Card can be redeemed for statement credits, checks, or gift cards. Additionally, you can choose to have your rewards deposited directly into your Citibank checking account, or you can convert your rewards into ThankYou points if you have other Citi cards that earn them.

If you miss a payment on your Citi Double Cash Card, you may be subject to a late fee. Late fees are typically between $15 and $40, depending on the size of your outstanding balance.

8) Other Cards to Consider

While the Citi Double Cash Card is a great cashback credit card, it’s not the only option available. Here are a few other cards to consider:

Capital One Quicksilver:

The Capital One Quicksilver card is another popular cashback credit card.

With this card, you’ll earn 1.5% cash back on all purchases, with no limits or categories. Additionally, the card offers a sign-up bonus of $200 when you spend $500 in the first three months.

This card also has no foreign transaction fee, making it a good choice for frequent international travelers. Chase Freedom Unlimited:

The Chase Freedom Unlimited card offers 1.5% cash back on all purchases, but with the added benefit of a sign-up bonus.

New cardholders can earn a $200 bonus after spending $500 on purchases in the first three months. Additionally, the card offers an introductory 0% APR on purchases and balance transfers for 15 months.

After that, the regular APR will be 14.99% to 23.74%.

Final Thoughts:

When it comes to cashback credit cards, there are plenty of options to choose from. While the Citi Double Cash Card is a popular choice thanks to its simple rewards program and flexibility, it’s important to consider other cards as well.

By comparing cards like the Capital One Quicksilver and Chase Freedom Unlimited, you can determine which card is the best fit for your needs and spending habits. In summary, the Citi Double Cash Card offers a straightforward cashback rewards program, an introductory 0% APR on balance transfers, and numerous benefits like exclusive presale event tickets, $0 annual fees, and security features.

However, drawbacks include a foreign transaction fee and no introductory rate for purchases. When compared to other cashback credit cards like the Capital One Quicksilver or Chase Freedom Unlimited, it’s essential to consider which card’s rewards structure and benefits align most with your financial goals and spending habits.

The Citi Double Cash Card’s simplicity and flexibility make it an attractive option for many, but it’s important to weigh the pros and cons before applying to any credit card.

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