Home electronic fund Citi Double Cash review: Earn a solid return on spend

Citi Double Cash review: Earn a solid return on spend


The Citi Double Cash credit card is a great card for consumers looking to get a solid return on their spending. It’s simple, rewarding and has a healthy dose of versatility. Especially on March 28, 2022, when rewards will be earned as Thank You Points, expanding how cardholders can redeem their rewards.

There are no bonus categories to be aware of, nor annual fees to worry about either.

You can even use it to avoid interest charges on another card by taking advantage of its 0% APR long balance transfer offer. But be aware that there is a balance transfer fee. However, this fee would likely pale in comparison to the money you would save on accrued interest charges on another card, depending on the size of the balance.

Introductory bonusN / A

APR13.99% – 23.99% (Variable)

Recommended credit Excellent, good

Reward rate
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% when you pay for those purchases.

Annual fees$0

Intro Purchase APRN / A

The Double Cash card has a lot to offer.

It’s great for consumers who have a variety of spending, and it’s a good choice to pair with another card that earns rewards in multiple bonus categories. It has no annual fee and its 2% rate is hard to beat at this price. Use it for a balance transfer to reduce accrued interest charges on another card.


  • 2% cash back for every purchase (1% when you swipe, 1% when paid)
  • Soon 2 x ThankYou points per dollar (from March 28, 2022)
  • Long Term Balance Transfer Offer
  • No annual fee

The inconvenients

  • Balance Transfer Fee
  • Foreign transaction fees
  • No welcome bonus
  • Limited benefits

What makes this card a good choice?

Redeem rewards

It is important to note that starting March 28, 2022, rewards earned through Double Cash will be thank you points rather than cash rewards. However, cardholders can continue to redeem ThankYou points for cash back and more. Your rewards will never expire and there is no limit to how many you can earn.

ThankYou points can be redeemed for:

  • Travel with Citi’s travel partners (learn more about Citi’s partners here)
  • Cash rewards
  • Gift cards
  • Merchandise

For now, cardholders can redeem their cash back (with a minimum requirement of $25) in the following ways:

  • Reporting Credits
  • Direct deposit
  • Check by mail

The easiest way to redeem rewards will be to use the direct deposit option. While redeeming for statement credits is always a good choice, using direct deposit will give you immediate access to your cash rewards rather than reducing the statement balance on your credit card account.

Keep in mind that redeeming statement credits will not contribute to your required monthly payment if you carry over a balance from month to month (which you should try to avoid in order to reduce billing fees). interest).

Card benefits

Double Cash doesn’t have the most impressive benefits, but that’s to be expected for a card with no annual fee. That said, cardholders will still find some of them useful.

  • Citi Entertainment: Get special access to purchase tickets for entertainment events including concerts, sporting events, and dining events.
  • Free FICO score: Citi cardholders have free access to check their FICO Bankcard Score 8 credit score.
  • 24/7 customer service: Access Citi customer service when you need it.
  • Contactless payment: No need to insert or drag. Hover over the map wherever you see the symbol to pay.
  • Virtual card numbers: Citi will randomly generate card numbers for you to use when shopping online to make shopping safer.
  • Fraud Protection: Citi will monitor your account for unusual activity 24 hours a day, 7 days a week, and alert you if it finds anything.
  • $0 Liability on Unauthorized Charges: You will not be held liable for any unauthorized charges to your account.
  • Citi Impersonation Solutions: If you are a victim of identity theft, Citi can put you in touch with people who can help you.
  • The lost wallet service: If you lose your card, Citi will usually replace it within 24 hours. Citi will also provide you with emergency cash, based on your cash advance limit.

How to register

You can apply securely on the Citi website. Complete the application with the appropriate information and Citi should respond instantly with its decision. In some cases, Citi may request additional information.

The Citi Double Cash card is issued as Mastercard, which means it can be used anywhere Mastercard is accepted.

Does Citi offer customer service for credit cards?

Yes. You can call 1-(800)-950-5114 in the United States to reach Citi Credit Card Customer Service. A benefit of the card is 24/7 access to Citi customer support.

Why use a balance transfer?

A balance transfer can be a great way to alleviate debt. If you have a balance on another credit card that earns interest, you can transfer it to Double Cash and pay it off at 0% interest for 18 months (then 13.99%-23.99% variable).

Remember that if you continue to make purchases after transferring a balance, you will be responsible for paying the transferred balance as well as any new purchases you make. So be sure to budget well in order to repay the balance on time.

What credit scores do you need to qualify?

Citi Double Cash is recommended for consumers with good credit. To be considered to have good credit, your FICO scores should be at least 670-739, or your VantageScores should be at least 700-749.

Will my rewards expire?

You won’t have to worry about your rewards expiring and there’s no limit to the number of rewards you can earn.

Is this the right card for you?

The Citi Double Cash card is an excellent choice for most consumers. It’s a good option to pair with other credit cards that pay on a variety of different purchases to maximize your return on spending.

It’s also a solid choice for consumers looking for a simple, yet rewarding credit card. If you don’t have a gas or grocery credit card, use Double Cash. It will reward you for purchases you probably already make.

It wouldn’t be a bad choice for the casual traveler either. Although it offers no travel protection, beginning March 28, 2022, you can transfer ThankYou points to Citi airline and hotel partners. This means Double Cash will earn 2x miles per dollar and could help you save money on your next vacation or business trip. But keep in mind that if your travels take you overseas, there is a 3% foreign transaction fee.

What’s the bottom line?

The Citi Double Cash card is a good choice. It’s both easy to use and lucrative. 2% cash back is hard to beat for a card with no annual fee. The perks aren’t terribly impressive, but some of them might come in handy under the right circumstances.

Although there is no annual fee, it has both balance transfer fees and foreign transaction fees. So, if you are planning to take advantage of the long balance transfer offer, just know that you will have to pay a percentage of the transferred balance. But again, that would probably be less than what you’d pay in accrued interest charges on another card.

And on March 28, 2022, Double Cash will have expanded redemption options. Using it as a basic travel card will be possible, as the card will earn 2x miles per dollar as long as you redeem ThankYou points for travel with Citi’s airline or hotel partners. However, it does not feature any travel protection like cards designed specifically for travel.

Are there alternatives to consider?

If the Double Cash card didn’t tick your boxes, take a look at these two alternative cards.

The Wells Fargo Active Cash card: A natural competitor to Double Cash, it earns 2% cash back for every purchase with no annual fee. However, the benefits are greater, it comes with a welcome bonus and a 0% APR offer for new purchases and balance transfers. But Wells Fargo may not have the best customer service experience.

Capital One Quicksilver Cash Rewards: Although it pays 1.5% cash back compared to 2% Double Cash, it offers a welcome bonus, a long introductory offer of 0% APR for new purchases and a greater choice of protections for shopping and travel.