Citi Double Cash Card Benefits Guides Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Introduction to the Citi Double Cash Credit Card Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: Tang Ming Tung/Stone/Getty Images October 29, 2021 Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. Barri has written in the personal finance vertical—including credit cards—for more than 20 years. She currently identifies and reports on news and top trends in the credit card industry and authors in-depth interview pieces with industry experts. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. When it comes to earning credit card points, consumers should look at different types of to find the right fit. Some people would definitely benefit the most from rewards credit cards that have different bonus categories or from that let them earn points good for airfare, hotels and other travel bookings. However, there are also to consider, including ones that let you earn a flat rate of rewards for each dollar you spend. The is one of the top rewards credit cards in the latter category due to its flat earning rate, yet this card is also popular for consumers who need to consolidate and . If you want to you possibly can, or if you need to pay down debt, the Citi Double Cash should be at the top of your list. Read on to learn about the main details of this offer, including the benefits you’ll get if you sign up, and if this card is for you. As a reminder Details of the Citi Double Cash Card
Cardholders who sign up for the Citi Double Cash get the chance to earn a total of 2 percent cash back for each dollar they spend—1 percent back when a purchase is made and another 1 percent when it is paid off. The Citi Double Cash doesn’t charge an annual fee, and there are no limits to the rewards you can earn. Separately, this card also gives you an introductory 0 percent APR on balance transfers for 18 months, followed by a variable APR of 16.24% to 26.24% based on your creditworthiness. This perk doesn’t necessarily combine well with the rewards aspect of this card, but you can use it to consolidate and pay down high-interest debt from other cards and save money along the way. 0 percent APR balance transfer
The Double Cash’s only applies to balance transfers—not purchases. With that in mind, you should know that purchases you make with your card will accrue interest at the regular variable APR if you carry a balance from month to month. If you plan to use this card’s low-interest offer to , we actually suggest not using your card for purchases while you pay off old balances. This will allow you to focus on debt repayment without being enticed by rewards and racking up new balances you can’t afford to pay off. Balance transfer example
How much money can you save if to the Citi Double Cash? This all depends on the specifics of your situation, but consider this example: Let’s say you owe $6,500 in credit card debt at a current APR of 21 percent and that you figured out you can afford to pay $375 per month toward your balance. At that rate, you could become debt-free in 21 months, although you would pay $1,313 in interest along the way. If you transferred the $6,500 balance to the Citi Double Cash, you would have to pay a 3 percent intro (minimum $5) if completed after 4 months of account opening. This means you would begin debt repayment with a balance of $6,695. With the same $375 monthly payment, however, you could pay off the entire balance in 18 months with $0 in interest charges. The total savings in this scenario works out to more than $1,100. Card protections and benefits
The Citi Double Cash doesn’t have many consumer protections or perks, but there are a few to be aware of. Consider the following benefits and how you might use them when gauging the total value of this offer. Citi Identity Theft Solutions
This protective benefit can help you sort out the issue or compromised. Citi experts will help you figure out the cause of the identity theft as well as how to restore your identity so you can move on with your life. Lost wallet service
If your wallet is lost or stolen, Citi will replace your credit card in a short period of time, usually within 24 hours. Citi can also provide you with to spend, provided you have cash advance availability within your credit limit. Citi Entertainment
The Citi Double Cash can help you gain access to special presale tickets and events that may not be open to the general public. Events available within can include concerts, sporting events, culinary experiences and more. Flexible redemption options
While the Citi Double Cash is a cash back credit card at heart, there are several different options when it comes to redeeming your rewards. Cash back or statement credit: You can request a check in the mail for your rewards once your rewards balance is at least $25. You can also request a to your card when your rewards balance is at least $25 or ask for a credit to a linked Citi checking or savings account (as long as you have used that account to pay your Citi credit card bill at least twice). Convert your rewards to Citi ThankYou points: If you have another Citi credit card that earns Citi ThankYou points (or just want to have more options for redeeming your rewards), you can also convert rewards earned with the Citi Double Cash to . You’ll need a minimum of $1 in rewards to make this conversion. How to maximize the perks and benefits offered by the Citi Double Cash Card
If you are thinking of signing up for the Citi Double Cash, we suggest figuring out your goals first. Here are the two strategies to consider once you’re a card member. Earn rewards on all your purchases
The Citi Double Cash lets you earn one of the best flat rates among all cash back credit cards, and you don’t have to keep track of or limits. Use your card for all your spending and regular bills and earn a total of 2 percent cash back for each dollar you spend—1 percent when you make a purchase and another 1 percent when you pay it off. Consolidate and pay down high-interest debt
Instead of focusing on rewards, you can also use the Citi Double Cash to consolidate and pay down high-interest debt. We suggest transferring as much high-interest debt to this card as you can, then figuring out how to pay off as much as you can within the 18-month introductory period. Remember that any remaining balances you have will begin accruing interest at the regular variable APR after your offer ends. The bottom line
This guide explains the main perks you can get as a cardholder and the strategies you can use to make the most of this offer. Even so, you should take the time to compare Citi Double Cash Card’s benefits with the perks you get from other rewards credit cards. If you can’t decide on a single rewards credit card for your wallet, you can also pair up a few cards with different rewards structures and perks. Be sure to research the before you decide. SHARE: Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. Barri has written in the personal finance vertical—including credit cards—for more than 20 years. She currently identifies and reports on news and top trends in the credit card industry and authors in-depth interview pieces with industry experts.