The Citi Double Cash® Card is a popular cash-back rewards card that offers a simple and rewarding way to earn cash back on your purchases. With up to 2% earnings on all purchases, it’s difficult to beat the value of this no-annual-fee card. Plus, if you also have other select Citi cards, you can convert your rewards to fully transferable ThankYou points.
The Citi Double Cash Card is highly recommended by many for its generous cash-back rewards. It earns up to 2% cash back on all purchases, with 1% earned when you make a purchase and an additional 1% earned when you pay it off. This makes it a great option for those who want to maximize their cash-back earnings.
To be eligible for the Citi Double Cash Card, you generally need a fair credit score of 580 or higher. However, it’s important to note that this card has no annual fee, making it an excellent choice for long-term use.
With the Citi Double Cash Card, you will automatically earn cash-back rewards in the form of ThankYou points. These points can be redeemed for statement credits and more. However, if you also hold a Citi Premier® Card or Citi Prestige® Card, you can convert your rewards to fully transferable ThankYou points, unlocking higher-value redemption options.
Currently, the Citi Double Cash Card offers a welcome bonus of $200 cash back after you spend $1,500 on purchases in the first six months of account opening. While this card doesn’t typically offer a welcome bonus, this limited-time offer is a great additional perk.
In terms of benefits, the Citi Double Cash Card offers a chip-enabled card for contactless payments, $0 liability on unauthorized charges, access to Citi Entertainment for special event ticket purchases, and complimentary ID theft protection.
It’s important to note that the Citi Double Cash Card does have a 3% foreign transaction fee, so it’s advisable to have an alternate card without foreign transaction fees for use when traveling outside the U.S.
When it comes to earning rewards, the Citi Double Cash Card earns cash back in the form of ThankYou points, with 1% earned when you make a purchase and an additional 1% earned when you pay for your purchases. Additionally, for a limited time, cardmembers can earn 5% total cash-back rewards on hotels, car rentals, and attractions booked through the Citi Travel site.
Redeeming rewards with the Citi Double Cash Card offers several options. You can redeem your ThankYou points for cash back at a rate of 1 cent per point, request gift cards, book travel through the Citi Travel portal, shop with points at select merchants, or donate your points to various charities. Additionally, you can transfer your points to other Citi ThankYou Rewards members or travel loyalty programs.
If you don’t have the Citi Premier or Citi Prestige card, you have the option to transfer your points to four loyalty partners: Choice Privileges, JetBlue TrueBlue, Shop Your Way, and Wyndham Rewards. However, if you have the Citi Premier or Citi Prestige card, you can combine your ThankYou points from the Citi Double Cash Card with those from your premium card, allowing you to utilize all of the standard Citi ThankYou Rewards partners.
While the Citi Double Cash Card is a great choice for earning cash back, there are situations where other cash-back rewards cards may be a better option. It’s important to consider your spending habits and preferences when deciding which card is right for you.
In conclusion, the Citi Double Cash Card is a highly recommended cash-back rewards card that offers simplicity and value. With up to 2% cash back on all purchases and the ability to convert rewards to fully transferable ThankYou points, it’s a card that can benefit a wide range of cardholders. Whether you’re looking for a simple cash-back card or part of a larger Citi credit card strategy, the Citi Double Cash Card is definitely worth considering.