Credit Cards » Credit Card Reviews » Citi Double Cash Credit Card: 2022 Review
Advertiser Disclosure

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Citi Double Cash Credit Card: 2022 Review

The lack of a sign-up bonus and intro APR period for purchases may make the Citi Double Cash card a “boring” choice among a sea of competitors. But for the average consumer who makes purchases across all categories, the Citi Double Cash Card can’t be beat.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

In This Review..

The appeal of the Citi® Double Cash Card lies entirely in its simple easy-to-earn rewards plan: receive rewards from every dollar spent and every dollar paid off.

The card’s combined 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment. The unlimited cash back feature can boasts a mass appeal to general consumers with strong credit scores (above 700). Since it doesn’t offer rewards for any particular category of spending, the Citi Double Cash Card lets you accrue cash rewards on everything you charge with very little hassle.  Also, unlike many cash back cards – there is no annual fee.

But what the card offers in easy rewards it sorely lacks in excitement. The card doesn’t offer many of the perks typically known to appeal to new customers. These include a sign-up bonus and rewards bigger than 2%, which is low compared to category-specific credit cards. 

Let’s weigh the benefits and drawbacks of the Citi Double Cash Card – and determine whether or not it’s the right fit for your wallet… 

Citi® Double Cash Card

citi double cash

On Citi’s Secure Website

Rewards Plan

2% (1% when purchase and another 1% upon payment)

Sign up Bonus

None

0% Intro

18 months on balance transfers

PROS

CONS

APR

15.49% - 25.49% Variable

Annual Fee

$0

Balance Transfer Fee

$5 or 5%

Credit Requirements

Good – Excellent

Card & Issuer Reputation

  • 3.5/5  on WalletHub customer reviews (+1,800 reviews): WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 3.9/5  on Credit Karma customer reviews (+900 reviews): CreditKarma customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 801/1000 on J.D Power: Citi got 801 out of 1000 available points on J.D. Power credit card satisfaction survey, lower than industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

Benefits

Let’s take a closer look at the benefits and drawbacks of the Citi Double Cash Card – and whether or not it’s right for your wallet.

Another highly competitive benefit is the card’s $0 annual fee, meaning you don’t have to worry about swiping your card enough to cover a fixed yearly payment. 

This is an enormous and unique benefit, as most cash back credit card fee sits near $100. 

The Citi Double cash card offers 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.

The card boasts a lengthy period of 0% fees on all balance transfers. This means that if you want to keep all of your debt on one card to avoid interest repayments on multiple cards, you can transfer your balances from other lenders to your Citi Double Cash card for no interest charge within the first 18 months.

After this period each transfer requires paying a variable APR between 15.49% – 25.49% Variable. That’s a fair range among general-spending cards. 

Top Offers From Our Partners
citi-custom-cash_
Rewards Plan:
Up to 5% cash back 5% cash back on your highest eligible spend category each billing cycle up to the first $500 spent and 1% cash back thereafter
Welcome Bonus: $200 $200 cash back after you spend $750 on purchases in the first 3 months of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
citi simplicity
0% Intro: 12 months on purchases from date of account opening and 21 months on balance transfers from date of first transfer
Welcome Bonus / Rewards: None

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Suggested Videos From Our Channel

Drawbacks

Here are the most important cons you should consider before apply:

The card doesn’t offer a sign-up bonus, a common perk often used to attract customers to a new card. Many cards offer sign-up bonuses as high as $500 once you surpass a certain amount of spending within the first few months. 

The fee is incurred when you transfer debts from one or more credit cards to your Double Cash card. This fee is $5 or 5% of the transfer, and will be added to your debt load when transferred.

Citi Double Cash has a 3% fee for each transaction in another country. If you are traveling outside of the US you may want to leave this card at home. 

Despite an intro 0% APR on balance transfers, the Citi Double Cash Card doesn’t offer an intro 0% APR on actual purchases.

Instead, all purchases from the sign-up period onward endure the variable APR between 15.49% – 25.49% Variable.

Rewards Simulation: How Much You Can Earn?

The best way to see if the Double Cash card is the right choice for your needs, is to calculate the amount of rewards and benefits you suppose to earn. 

Keep in mind that this is a general breakdown of expenses, so make sure to adjust it to your own consumer preferences and spending habits.

citi double cash
Spend Per Category
Citi® Double Cash Card
$15,000 – U.S Supermarkets
$300
$3,000 – Restaurants
$60
$1,500 – Airline
$30
$1,500 – Hotels
$30
$4,000 – Gas
$80
Estimated Annual Value
$500

* Calculated according to 2% cash back - please keep in mind you'll get the additional 1% upon payment.

Where to Redeem Your Rewards?

With the Citi Double cash card, cardholders earn 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.

Citi also has a number of reward redemption options that include:

  • Checks: You can request a check when your rewards balance is above $25. You can also take a credit towards your Citi savings or checking account.
  • Convert to ThankYou Points: If you have a minimum rewards balance of $1, you can convert your rewards to Citi ThankYou points.
  • Statement Credit: You can redeem your rewards for statement credit of at least $25.

Leverage Your Card Smartly

Here are some pointers to help you make the most of your Citi Double Cash:

  • Leverage 0% Intro APR: Organize your balance transfers within the first six months. This will allow you to benefit from the lower balance transfer fee.
  • Pay your bills on time: In order to earn your cash back, you must pay at least the minimum due on time, so make sure you don't miss any payments. Set up an automatic payment with your checking account if you have trouble keeping track of your bills.
  • Check Citi Entertainment first: If you enjoy concerts, sporting events, and other ticketed events, be sure to check Citi Entertainment first, as you may be able to obtain exclusive experiences and presale tickets.

How To Apply For Citi Double Cash Credit Card?

Visit the double cash credit card home page and then click “Apply Now”. 

When the next page opens, fill in your personal information correctly.
Then, fill in your security number, date of birth and other important information requested.

 

Also fill in your financial information, and then take your time to read through the terms and conditions. 

After this, tick to agree and then click on “Agree and Submit.”

Is the Citi Double Cash Card Right for You?

The lack of a sign-up bonus and intro APR period for purchases may make the Citi Double Cash card a “boring” choice among a sea of competitors. 

But for the average consumer who makes purchases across all categories, the Citi Double Cash Card can’t be beat. 

The combined 1% on the front end and 1% on the backend add up to a strong 2% rewards system that not only offers a consistent stream of cash back, but also offers an incentive to build a strong credit score.

Compare The Alternatives

Several other credit cards provide similar rewards to the Citi Double Cash Card while also offering the enticing sign-up bonuses and intro APR periods on purchases that the Citi Double Cash Card lacks.

Chase Freedom Flex
capital-one-venture
Amex-Blue-Cash-everyday
Chase Freedom Flex℠ Card
Capital One Venture Rewards Credit Card
American Express EveryDay® Card
Annual Fee
$0
$95
$0
Rewards
1-5% 5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
1X – 2X points 2X at U.S. supermarkets (up to $6,000 each year), then 1x on all purchases
Welcome bonus
$200 $200 bonus after you spend $500 on purchases in the first 3 months from account opening
75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening
10,000 points 10,000 points after you spend $1,000 in purchases on your new card within the first 3 months
Foreign Transaction Fee
3%
None
2.7%
Purchase APR
16.49% – 25.24% variable
17.49% – 25.49% Variable
14.49% – 25.49% variable

FAQ

There are no out and out income requirements in place with this type of card and normally you will not have to provide proof of income.

There is no limit in place with this card on how many total rewards you can earn. Therefore, people who will be spending large sums on purchases can ideally take advantage of this offering.

All purchases earn cashback with the Citi Double Cash card. This means that it is a great fit if you are looking for a good level of flexibility and coverage with one card.

It is not too hard to meet the eligibility requirements for this type of card. You are also able to get pre-approval so you can ensure that you are in with a good chance.

If you want a higher cashback rate or a signup offer then you might be better off looking at other credit card options that will be able to support these needs.

Review Cash Back Credit Cards

Review Citi Credit Cards

Top Offers From Our Partners

U.S. Bank Altitude® Go Visa Signature® Card

Rewards Plan:
Up to 4X points 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
Welcome Bonus: 20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
chase freedom unlimited card
Rewards Plan:
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
Welcome Bonus: Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Suggested Videos From Our Channel

Best Cards Per Category
Best Cards Per CS
Top Offers From Our Partners

AMERICAN EXPRESS gold card

Rewards Plan:
1x – 4x Points 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus: 60,000 points 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
Upgrade Visa® Card with Cash Rewards
Rewards Plan:
1.5% cash back 1.5% cash back on payments
Welcome Bonus: $200
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.