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The Citi® Double Cash Card is a standout in the crowded field of cash-back credit cards, thanks to its high rewards rate on every purchase and its annual fee of $0.
For consumers who want to maximize rewards while keeping things simple, there’s a lot to love about the card.
Here are the benefits of the Citi® Double Cash Card:
High cash-back rate
The key feature of this card is its high flat rate of 2% back on everything you buy: You'll earn 1% back when you make purchases and 1% back when you pay them off, as long as you make at least the minimum payment on time each month. Among its competitors in the rewards space, 1.5% cash back is more typical, so the card differentiates itself with this higher rate.
Simplicity of rewards
If you’re the kind of person who doesn’t want to think about rotating categories or opting in to different reward options each quarter, the Citi® Double Cash Card could be the card for you, since you earn a high flat rate back on every purchase without having to take any extra steps.
Attractive intro balance transfer offer
The Citi® Double Cash Card provides an intro 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 17.74%-27.74% Variable APR. While you don’t earn cash back on transferred balances, moving an existing balance onto the card can help you avoid accumulating more debt at a high interest rate while you pay it off.
To redeem your cash back, you need to have earned a minimum of $25. Then, you can opt for a statement credit, check or direct deposit into a linked Citi savings or checking account (or another checking account that you’ve used at least twice to pay a Citi credit card bill).
The Citi® Double Cash Card also allows you to convert your cash-back rewards into Citi ThankYou points, effectively at a 1:1 ratio. Citi ThankYou points can be redeemed for things like travel, gift cards, purchases at eligible retailers and other options.
Citi Entertainment feature
The Citi® Double Cash Card grants you special access to presale tickets and exclusive experiences for eligible concerts, sporting events, dining and more.
» MORE: What is Citi Entertainment?