Citi® Double Cash Card full review
Take a look at our review on the Citi® Double Cash Card, a unique cashback credit card that stands out from the complicated and complex options.
The Citi® Double Cash Card: A Simple and Rewarding Credit Card
Understanding credit cards can be overwhelming with all the different features and terms involved. That’s why we love the Citi® Double Cash Card. It’s straightforward and easy to use, making it a great choice for anyone.
One of the standout features of the Citi® Double Cash Card is its competitive rewards program. Cardholders earn 2% cash back on all purchases: 1% when making a purchase, and an additional 1% when paying it off. This consistent 2% APR on all purchases is hard to beat.
In addition to its generous rewards, the Citi® Double Cash Card has no annual fees, making it a hassle-free choice. You can enjoy the benefits of this card without worrying about extra costs.
So how does the Citi® Double Cash Card work? It’s simple. Every purchase you make qualifies for 2% cash back, regardless of the category. There are no limits to the rewards you can earn, and the only transactions not eligible for rewards are balance transfers, cash advances, account fees, interest, and later-returned purchases.
When it comes to redeeming your rewards, the Citi® Double Cash Card offers various options. You can convert your cash back into a statement credit, receive a check, or choose direct deposit. If you have an eligible Citi travel card, you can also transfer your ThankYou points to Citi’s travel partners for even more rewards. Other redemption options include gift cards, using points to pay for online purchases, and exchanging points with other Citi ThankYou members.
The Rewards Potential of the Citi® Double Cash Card
To understand how much you can gain with the Citi® Double Cash Card, let’s consider the annual credit card spending of an average American household. According to Forbes Advisor, a household in the 70th percentile with an annual income of $107,908 has allowable credit card charges totaling $32,072.
With the Citi® Double Cash Card’s 2% cash back rate, this household would earn 64,144 points annually, equivalent to $641.44 in cash back. That’s a significant reward for everyday spending.
Main Benefits of the Citi® Double Cash Card
High rewards rate
The Citi® Double Cash Card stands out with its 2% cash back rate, doubling the industry norm. You earn 1% back on purchases and another 1% back when paying your bill.
Simplicity
With the Citi® Double Cash Card, you don’t have to worry about bonus spending categories or caps. You can simply use the card for all your purchases and enjoy the same rewards rate everywhere.
Security
The Citi® Double Cash Card provides protection against identity theft through its Citi Identity Theft Solutions. This service monitors activities and alerts cardholders about any unusual transactions, giving you peace of mind.
How to Apply for the Citi® Double Cash Card
If you’re interested in the benefits offered by the Citi® Double Cash Card, check out our post on how to apply. It’s a great choice for those seeking a simple and rewarding credit card.
