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Citi Double Cash Review: Twice the Rewards, Plus an Incentive to Pay Off Debt

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Citi Double Cash: Now Smart Spenders Finish First

Citi® Double Cash Card – 18 month BT offer Editor's Rating: 4.8 / 5

When you’ve used one cash-back credit card, you’ve used them all, right? Swipe, earn rewards, redeem them for cash, repeat. It’s simple, but not exactly exciting — until now. With the Citi® Double Cash Card – 18 month BT offer, racking up cash back just got juicy. This card has a revolutionary earning structure that allows you to score 1% back on all your purchases, then another 1% back when you pay them off. Plus, there’s no limit to the rewards you can earn. Ready to hear more? Let’s dive in.

https://www.nerdwallet.com/lib/redirect.php?name=Citibank-Double-Cash-Card&uv=Gl7ZDPVYINAHWrDGYnKc3c5RS2L9ysLLuDWoWrkh8RqDNfxQv4Q3m06rqliulF%2Boket9QLoCFBUKerUnrX%2FG&clickHeader_category=Credit%20Card&clickHeader_productId=4220

Citi® Double Cash Card – 18 month BT offer

Apply Now on Citibank's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee
    • 0% on Balance Transfers for 18 months

    Cons

    Annual Fees

    $0

    APR

    • APR: 14.24% - 24.24% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 25.99%, Variable

    Bonus Offers

    Earn cash back twice on every purchase

    Intro APR

    • 0% on Balance Transfers for 18 months
  • Additional Information
    • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
    • Balance Transfers do not earn cash back
    • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.24% - 24.24% based on your creditworthiness
    • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
    • No categories to track, no caps on cash back, no annual fee*

At a glance
Annual fees $0
Foreign transaction fee 3%
Rewards program Cash back – Earn 1% cash back on purchases, then an additional 1% back when you pay them off
Introductory APR 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.24% - 24.24% Variable APR
Verdict: If you’re looking for a cash-back card with a high, on-going rewards rate, you’ve found it
Good for:
  • Someone who likes the simplicity of a cash-back rewards program
  • Someone who doesn’t like the hassle of rotating bonus categories
  • Someone who wants to earn unlimited rewards
Bad for:
  • Someone who likes rotating bonus categories
  • Someone who wants travel redemption options
  • Someone who’s interested in doing a balance transfer (more on that below)

In this article:

Citi® Double Cash Card – 18 month BT offer: the basics
Where the Citi® Double Cash Card – 18 month BT offer shines
Extra perks arrive on the Double
Where Citi® Double Cash Card – 18 month BT offer falls short
Citi® Double Cash Card – 18 month BT offer versus its competitors
Should you consider the Citi® Double Cash Card – 18 month BT offer?

Citi® Double Cash Card – 18 month BT offer: the basics

Before digging into the details about each of the Citi® Double Cash Card – 18 month BT offer’s features, let’s review the basics:

  • Earn 1% cash back on every dollar you spend
  • Earn an additional 1% back for every dollar you pay off
  • $0 annual fee
  • No limit on the rewards you can earn
  • You can start redeeming with as little as $25 in rewards
  • Redeem for a statement credit, gift card or a check
  • 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.24% - 24.24% Variable APR

In short, this card offers a high rewards rate, flexible redemption options and a long 0% APR period on balance transfers.

Where the Citi® Double Cash Card – 18 month BT offer shines

The Nerds analyze a lot of credit cards, but the Citi® Double Cash Card – 18 month BT offer made us do a double take. Let’s take a closer look at where the card really stands out:

High rewards rate – Assuming you pay off your balance in full every month with cash and not rewards, you can earn 1% back twice with the Citi® Double Cash Card – 18 month BT offer. That’s one of the highest ongoing rewards rates among all the cash-back cards on the market. Frankly, there are a lot of travel credit cards (many of which carry an annual fee) that don’t reliably offer the ability to earn at this level.

But we also really love the card’s rewards earning structure. Since the Nerds are big advocates of responsible credit card use, it’s refreshing to see a card that provides an incentive to pay off charges in a timely fashion. Although you can repay a balance over time and still earn the 1% back on payments, the faster you pay, the faster rewards are earned.

No rotating bonus categories – Many cash-back cards offer quarterly rotating bonus categories that allow customers to earn extra rewards at featured retailers. This is fine if your spending aligns with those categories, but you also have to remember to opt in every quarter to score the extra rewards. None of this is a concern with the Citi® Double Cash Card – 18 month BT offer. As long as you pay off your balance in full every month, you’ll be earning a high, flat rewards rate – no jumping through hoops required.

No limits to rewards earnings – Unlike other cash-back cards, rewards are unlimited with the Citi® Double Cash Card – 18 month BT offer. You won’t have to worry about hitting a spending cap or maxing out your annual earnings.

Extra perks arrive on the Double

Extra perks are always great when you’re shopping for a credit card, and the Citi® Double Cash Card – 18 month BT offer definitely delivers:

Late fee pass – Forgetting to pay your credit card bill on time will usually cost you a late fee. But Citi® Double Cash Card – 18 month BT offer waives this charge on your first late payment.

Flexible billing – You’re able to move your billing due date to the beginning, middle or end of the month, depending on what jibes best with your pay schedule. Again, this card makes it easy (and rewarding) to make payments on time and in full.

Access to other cool perks from Citi – With the Citi® Double Cash Card – 18 month BT offer, you’ll gain access to exciting programs offered by Citi. For example, with Citi Price Rewind, if you register your purchases online, the company searches for lower prices on those items and will refund you the difference if it finds a better deal. Another great feature is Citi Private Pass, which gives you special access to entertainment deals and tickets special events. These perks probably aren’t at the top of your priority list when you’re shopping for a card, but they certainly don’t hurt.

Where Citi® Double Cash Card – 18 month BT offer falls short

There’s a lot to love about the Citi® Double Cash Card – 18 month BT offer, but it does have some drawbacks:

No bonus categories – Bonus cash-back categories are often capped and sometimes come with strings attached, but they do provide an opportunity to earn more than the Citi® Double Cash Card – 18 month BT offer. Citi® Double Cash Card – 18 month BT offer offers a high rewards rate, but it won’t give you extra rewards for any particular type of spending. If you want a card that, say, gives you a higher rewards rate on gas spending, you’ll need to look elsewhere.

Charges a balance transfer fee – Although you have a long time to pay off a balance transfer without interest, you will have to pay a 3% balance transfer fee with the Citi® Double Cash Card – 18 month BT offer. This isn’t uncommon, but there are other options out there that waive this charge.

Citi® Double Cash Card – 18 month BT offer versus its competitors

Now that you know all the details about the Citi® Double Cash Card – 18 month BT offer, let’s see how it stacks up to its major competitors:

Citi® Double Cash Card – 18 month BT offer versus Chase Freedom®

https://www.nerdwallet.com/lib/redirect.php?name=Chase-Freedom-100-Cash-Back&uv=Gl7ZDPVYINAHWrDGYnKc3c5RS2L9ysLLuDWoWrkh8RqDNfxQv4Q3m06rqliulF%2Boket9QLoCFBUKerUnrX%2FG&clickHeader_category=Credit%20Card&clickHeader_productId=3200

Chase Freedom®

Apply Now on Chase's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • 5% rewards on rotating categories
    • Access to Chase’s Ultimate Rewards site to earn more cash back

    Cons

    • If you value simplicity, a flat rate cash back card may be better
    • A foreign transaction fee

    Annual Fees

    $0

    APR

    • APR: 15.49% - 24.24% Variable APR
    • Cash Advance APR: 25.49%, Variable

    Bonus Offers

    Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening

    Intro APR

    • 0% on Purchases and Balance Transfers for 15 months
  • Additional Information
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
    • Unlimited 1% cash back on all other purchases - it's automatic
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.49-24.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • Enjoy new 5% categories every 3 months
    • Cash Back rewards do not expire as long as your account is open
    • No annual fee

The Chase Freedom® offers 5% cash back in rotating quarterly bonus categories, up to $1,500 in combined spending per quarter, and 1% cash back on everything else. Like the Citi® Double Cash Card – 18 month BT offer, its annual fee is $0 and it provides several different options for how cash-back can be redeemed (gift cards, statement credit, direct deposit, paying for purchases on Amazon). Plus, you’ll get a small signup bonus with the Chase Freedom®: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

It’s up to you whether or not you’d prefer rotating bonus categories over the high, flat rewards rate offered by the Citi® Double Cash Card – 18 month BT offer. If you do, the Chase Freedom® is a great choice. Just remember that you’ll have to go online every quarter and enroll in order to get the extra rewards. But there is one additional feature to keep in mind about the Chase Freedom®: Because it earns Ultimate Rewards, you’re able to transfer your points to your Chase Sapphire Preferred® Card account, then use them to book travel. So if you’re looking for a cash-back card that also offers some travel options (albeit indirectly), the Chase Freedom® bests the Citi® Double Cash Card – 18 month BT offer.

Citi® Double Cash Card – 18 month BT offer versus BankAmericard Cash Rewards™ credit card

https://www.nerdwallet.com/lib/redirect.php?name=Bank-of-America-BankAmericard-Cash-Rewards-Visa-Signature&uv=Gl7ZDPVYINAHWrDGYnKc3c5RS2L9ysLLuDWoWrkh8RqDNfxQv4Q3m06rqliulF%2Boket9QLoCFBUKerUnrX%2FG&clickHeader_category=Credit%20Card&clickHeader_productId=2139

BankAmericard Cash Rewards™ Credit Card

Apply Now on Bank of America's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • Cash sign-up bonus
    • Cash rewards
    • Rewards accelerator if you bank with Bank of America or Merrill Lynch

    Cons

    • If you're a big spender with excellent credit and willing to pay an annual fee, there are cards with higher rewards

    Annual Fees

    $0

    APR

    • APR: 13.49% - 23.49% Variable APR
    • Penalty APR: up to 29.99% APR
    • Cash Advance APR: See Terms

    Bonus Offers

    $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening

    Intro APR

    • 0% on Purchases for 12 billing cycles and 0% on Balance Transfers for 12 billing cycles for balance transfers made in the first 60 days
  • Additional Information
    • No annual fee
    • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
    • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
    • No changing categories and no expiration on rewards
    • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.49% - 23.49% Variable APR. 3% fee (min $10) applies to balance transfers
    • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
    • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%

If you don’t like rotating bonus categories but also want to earn extra rewards on certain types of spending, the BankAmericard Cash Rewards™ credit card is a card to consider. With it, you’ll earn 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs, up to $2,500 in combined spending per quarter. Plus, you’ll get 1% cash back on all other purchases. In addition, Bank of America® customers get a 10% rewards bonus when they redeem cash back into their checking or savings accounts.

It’s also worth noting that the BankAmericard Cash Rewards™ credit card offers a modest signup bonus: $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening And the annual fee? $0.

If you do a lot of spending in these categories, you might automatically assume that the BankAmericard Cash Rewards™ credit card trumps the Citi® Double Cash Card – 18 month BT offer. But if you easily surpass the $2,500 quarterly spending limits, the Citi® Double Cash Card – 18 month BT offer is probably a better bet — you’ll be getting a higher average rewards rate on all your spending and won’t have to worry about hitting any caps.

Citi® Double Cash Card – 18 month BT offer versus Chase Slate®

https://www.nerdwallet.com/lib/redirect.php?name=Chase-Slate-Elite&uv=Gl7ZDPVYINAHWrDGYnKc3c5RS2L9ysLLuDWoWrkh8RqDNfxQv4Q3m06rqliulF%2Boket9QLoCFBUKerUnrX%2FG&clickHeader_category=Credit%20Card&clickHeader_productId=3058

Chase Slate®

Apply Now on Chase's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • No annual fee
    • $0 Intro on balance transfer fees made within 60 days of Account Opening
    • Long 0% Intro APR Period

    Cons

    • No Rewards
    • Can't transfer debt from another Chase account

    Annual Fees

    $0

    APR

    • APR: 15.49% - 24.24% Variable APR
    • Cash Advance APR: 25.49%, Variable

    Bonus Offers

    Save with a $0 introductory balance transfer fee, 0% introductory APR for 15 months on purchases and balance transfers, and $0 annual fee. Plus, receive your Monthly FICO® Score for free.

    Intro APR

    • 0% on Purchases and Balance Transfers for 15 months
  • Additional Information
    • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
    • 0% Introductory APR for 15 months on purchases and balance transfers
    • Monthly FICO® Score and Credit Dashboard for free
    • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
    • $0 Annual Fee

If you were attracted to the Citi® Double Cash Card – 18 month BT offer because you want to do a balance transfer to pay off debt, the Chase Slate® should also be on your radar. It offers 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 15.49% - 24.24% Variable APR. But it also waives its 5% balance transfer fee if you complete the transfer within the first 60 days of opening the account. This could save you hundreds of dollars if you’re dealing with a lot of debt.

However, it’s important to note that the Chase Slate® doesn’t offer any type of rewards program. With the Citi® Double Cash Card – 18 month BT offer, you won’t earn rewards on the balance you’ve transferred, but you can start racking up cash back on new purchases. If you’re planning to use your balance transfer card for your regular spending, this is something to think about.

Should you consider the Citi® Double Cash Card – 18 month BT offer?

All things considered, the Citi® Double Cash Card – 18 month BT offer is a great option if you’re in the market for a card with a cash-back rewards program. You’ll be earning a high rewards rate (including an incentive to pay off your balance) and gaining access to some other cool perks, too.

How do we determine the Editor Rating?

To determine the Citi® Double Cash Card – 18 month BT offer’s Editor Rating we measure the card against our Cash-Back Rubric:

Editor Rating Explained

Rating

Rationale

Sign-up bonus - Getting a quick bonus for using your card frequently in the first few months can help offset any annual fee. But if you don't have an annual fee, it may not matter as much (25%)

1


No sign-up bonus.
Annual fee - Annual fees do take money out of your pocket, but they can often mean better rewards (weight 100%)

5

The card's annual fee is $0.
Cash back program - If you're using your card often, you'll want one that offers the highest ongoing rewards rate possible (100%)

5

The card has the highest base rate of any cash back card, giving you 1% cash back on your purchases and then another 1% when you pay them off.
0% APR period length - If you're trying to pay off high-interest credit card debt or need time to pay off a large purchase, a longer 0% APR period puts more time on your side (weight 50%)

4

APR is 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.24% - 24.24% Variable APR.
Simplicity of rewards - Depending on how much effort you want to put into getting or managing rewards, you may want to go with a cards with a simpler structure that may not offer the highest potential rewards (25%)

5

You'll earn a flat rate; no bonus categories that may not fit your spending habits
Notable extras - Anything extra the card offers that make it worthwhile to carry (weight 50%)

2

Free FICO score and Citi Price Rewind, a price protection program that's head and shoulders above the rest (can link to our guide to price protection)