Citi® Double Cash Card offers unlimited 1% cash back on all of your purchases when you buy and an additional 1% cash back as you pay for those purchases, whether you pay in full or over time. Unlike the Amex Fidelity card, you don’t need to apply for an extra account to get your cash back. The Citi Double Cash has no restrictive categories and no limits on the amount of cash back that you earn. Cards that offer 2% cash back usually don’t come around often so I strongly suggest to apply ASAP. You will also get 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness. Some people will claim this is a 2-percent-cash-back card, but this may not be truly accurate. Let me explain: If you redeem your rewards for a statement credit, it will reduce the amount you owe by 1%, therefore the amount you can earn rewards on when you pay the rest of the bill. The math works out something to be like 1.99% cash back! Best of all, there is No Annual Fee!
- 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
- The only card that earns you cash back twice on every purchase with:
- 1% cash back when you buy
- Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
- No Category Restrictions, No Caps, No Enrollments in Rotating Categories
- No Annual Fee
How To Earn Maximum Cash Back:
As with most cards, you earn rewards as you make the purchase or on specific 5% categories such as restaurants or gas. Citi® Double Cash Card gives 1 percent back right away on any purchases. However, you will need to pay your card balance on time(whether you pay in full, or just the minimum) to get an additional 1 percent back on the payment you made. If you always pay your credit card bill off in full, then you are guarantee to receive your maximum cask back on all of your purchases.
The Citi Double Cash card has an EMV chip which allows you to use your card overseas where magnetic stripe cards aren’t accepted. I don’t recommend using this card overseas since there is a 3% foreign transaction fee. I don’t recommend carrying a balance beyond the 15 months 0% intro APR on purchases since the main draw is getting almost the full 2% cash back. The only competition as far as 2 percent back on all purchases is the Barclaycard Arrival Plus(TM) World Elite MasterCard®(40,000 bonus points) with 2.2 percent back on all purchases. However, it comes with an annual fee of $89 and can only use back towards travel.
For those missing out the best all around cash back card, sign up now for the Citi® Double Cash Card with no annual fee. This will be your go to card whenever you are not sure about special categories or for simplicity with keeping just one card in your wallet! See our full list of Cash Back Credit Cards for all comparison!
Editorial Disclaimer: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.