Citi Double Cash Benefits

The Citi Double Cash Card – 18–month BT offer is a champion in the crowded field of money-back credit cards because of its high rewards rate on each purchase and yearly expense of $0. There is a ton to like about the card for purchasers who need to expand rewards while keeping things basic. The Citi Double Cash Card stands out amongst other flat-rate cash-back credit cards because of its high rewards rate. Some flat rate cards top out at 1.5%. And they are keeping in mind that new cardholders would not get a cash sign-up reward. They can move a balance from another credit card. What are some Citi Double Cash benefits? Let us keep on reading to find out.

What Is The Citi Double Cash Card?

The Citi Double Cash Card – 18-month BT offer is an essential workhorse among credit cards. Flat-rate money-back options are ideal for customers who need to pull in monetary compensations that are not much of a hassle on all they charge. If it lacks that little something extra, it compensates for its reliability.

The essential thing you need to know about Citi Double Cash Cards is that they give you 2% money back on each purchase — 1% when you make it and another 1% back when you take care of it. There is no restriction to the amount you can acquire; the yearly charge is $0. The Citi Double Cash Card 18-month BT offer stands up well all alone. However, it likewise makes an ideal ally to a bonus category credit card for individuals who utilize a two-card technique to expand cash-back.

Tantamount to it, this offer has only some of what each credit card customer is searching for. There is no sign-up reward, for instance, nor does it offer approaches to acquire more than its (relatively high) base price rate. For individuals who need to move a balance, terms are good yet could be better. You would be unable to find a special card to get the most excellent compensation with the slightest exertion (or cost).
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Citi Double Cash Benefits

Here are some Citi Double Cash benefits that you will receive if you have the card:

High cash-back rate

The vital element of this card is its high flat rate of 2% back on all that you purchase: You will procure 1% back when you make a purchase and 1% back when you take care of them, as long as you make at any rate the base installment on time every month. Among its rivals in the prizes space, 1.5% money back is more regular, so that it can differentiate the card from others because of this higher rate.

Simplicity of rewards

In case you are the sort of individual who would not like to consider pivoting classes or picking into various prize alternatives each quarter, the Citi Double Cash Card – 18-month BT offer could be the card for you since you acquire a high flat rate back on each purchase without making any additional strides.

Attractive intro balance transfer offer

The Citi Double Cash Card – 18-month BT offer gives an introductory 0%, introductory APR on Balance Transfers for a year and a half, and afterward, the progressing APR of 13.99% – 23.99% Variable APR. While you do not bring in cash back on transferred balances, moving a current balance onto the card can assist you with trying not to aggregate more obligations at a high financing cost while you take care of it.

Redemption flexibility

To reclaim your cash back, you need to have procured at least $25. At that point, you can decide on a statement credit, check, or direct store with connected Citi investment funds or financial records (or other financial records that you have utilized at any rate twice to pay a Citi credit card bill). The Citi Double Cash Card – 18-month BT offer additionally permits you to change over your money-back remunerations into Citi ThankYou points, viably at a 1:1 proportion. It can recover Citi ThankYou centers for travel, gift vouchers, purchases made at qualified retailers, and other alternatives.

Security features

Although the card’s security measures are not very advanced or broad, they include Cifi QuickLock, which allows you to lock your card if lost or stolen.

Citi Entertainment feature

The Citi Double Cash Card – 18-month BT awards exceptional admittance to presale tickets and selective encounters for qualified shows, concerts, games, dining, and more.

No annual fee

The card has no annual fee, so you do not need to stress over procuring enough bonuses and rewards to compensate for one. The Citi Double Cash Card’s loan fee can be steep. If you intend to transfer a balance, realize that the interest charges will eat into the worth you get from the prizes and possibly neutralize it through and through.

Citi Double Cash Card offers a few significant benefits. Notwithstanding the rewards program and no yearly fee, the Citi Double Cash Card gives you admittance to:

• 24-hour security against fraud: You will be alarmed if Citi notices any bizarre action on your account. You are likewise not subject to any unapproved charges to your record, regardless of whether they are made online or elsewhere.
• Citi Identity Theft Solutions: This administration will help you settle identity threat cases.
• Lost Wallet Service: If you lose your card, Citi’s lost wallet service will supplant your card within 24 hours. The administration likewise gives you admittance to emergency cash up to your accessible loan limit.
• Digital wallet: you can use your digital wallet to shop online quicker in applications and stores.
• Contactless compensation: When using your card, you can exploit the contactless chip highlight to pay quicker, online and in person. Tap your card to the installment peruser to make check-out quick.
• 24/7 Customer Service: They are always prepared when you need to converse with Citi. You can call or talk with a customer care representative nonstop.

Citi Double Cash Card Is Best For

People looking for a no-fee credit card that is easy to use and offers excellent cash-back benefits will find the Citi Double Cash credit card most appealing. This card’s exceptional cash-back earning rate gives simple and reliable rewards on everyday shopping if you don’t understand point systems or sign up for quarterly bonus-rewards categories.

It’s also a good option if you’re a more determined consumer looking for a highly profitable default card to use alongside others that provide more significant points on specific purchases. Then you would decide which card was the most beneficial for each transaction. For instance, you may use the American Express Blue Cash Preferred to purchase at supermarkets and for streaming services on petrol and transportation. It would put the rest on your Citi Double cash card.

• Details of rewards earning
• Details of rewards redemption
• How to increase your rewards?

Details Of Rewards Earning

Users can finally receive 2% cash back with this card. You receive an unlimited 1% cash back whenever you make a purchase. You receive a further 1% cash back when you pay for those goods. You can pay your bills in full at once or over time to earn cash back, but to keep the extra 1%, you must pay at least the minimum amount due on each account. It must make payment on the first day of your future billing period.

Citi keeps a “Purchase Tracker” for your card account to make tracking the cash-back benefits you’re receiving easier. Only the balance on your Purchase Tracker is eligible for cash back.

Details Of Rewards Redemption

With this card, cardholders have three primary redemption options:

• Demand a check
• Redeem your remaining cashback for a statement credit.
• Redeem cash back for a credit to a checking account that has at least twice been used to pay your Citi checking or savings account, or both.
• Transform to points.

However, a few minor restrictions apply to redemptions compared to certain other cards. You may redeem rewards for any amount anytime with rival cards like the Capital One Quicksilver, which offers incentives at a more minor 1.5% cash back. However, your rewards balance must be at least $25 to seek redemption with the Citi Double Cash. Since you need to charge and repay $1,250 to attain that reward total, it might take some cardholders some time.

Additionally, unlike many cards, this one’s benefits expire if you don’t receive cash back on purchases or payments for an entire year.

How To Increase Your Rewards?

Since there are no spending limits or changing categories, getting the most out of this card is simple. Simply using the Citi Double cash card for every purchase, from grocery to significant household expenses, will maximize your earnings. The only possible exclusions are transactions made with another card you hold that offers a better rate on a specific item.

You receive 1% cash back when you charge purchases to the card. After those purchases are completed in full, you will automatically get the final 1% cash back, for a total of 2%. As long as you make at least the minimum monthly payment, the cash back you receive for any given month stays in your account as a future bonus.

The speed at which you get incentives is maximized if you pay down your amount in full each month. Additionally, allowing authorized individuals to use the card can maximize benefits overall.

Average Case

According to our calculation, the typical American household would use this card to earn at least $264 in cash-back rewards yearly. Here is the arithmetic we used to arrive at that number. We assume that you would use this card to pay for items in the following five expenditure categories:

• Food
• Clothing
• Gasoline
• Entertainment
• Personal care,

Based on data from the Bureau of Labour Statistics Consumer Expenditure Survey.  If your spending were average, you would charge $13,230 a year to your credit card for all those items.

Using those five essential categories of spending will net you a little over $264 in rewards over the year, assuming you pay down your amount in full each month, incur no interest fees, and instantly get all of your cashback.

Aspirational Case

Naturally, using this card for more large purchases, whether required or indulgent, can assist in increasing your benefits even more. Let’s say you charge a total of $10,000 on the card for the year in addition to the spending scenario from the previous example. You can get landscaping done, remodel your house, or spend a lot of money on home upkeep, like upgrading your HVAC system.

If you spent an additional $10,000, your cash back for the year would increase by $200, provided that you made the entire would increase by $200, provided that you made the entire balance of your payments on schedule. Your incentives for the year would total $464 when added to the $264 in cash-back from regular spending.

What Are Some Of The Drawbacks To Consider?

The downsides of the Citi Double Cash Card – multi-month BT offer are not significant issues considering the high rewards rate. However, they are still worth referencing.

• No Bonus: No sign-up bonus is being offered as a feature. However, you are not losing much since cash-back card rewards, as a rule, are not high in any case. They usually are $150 or less.
• No Outsized Rewards: Twofold money on all buys is incredible, yet it does not move toward the 5% You can jump on some spending if you are willing to contribute more effort by utilizing quarterly classification cards.
• Foreign Transaction Fee: Its 3% expense for foreign transactions implies there are better cards to be utilized abroad. Numerous cards have no such charge.
• Balance Transfer Fee: The protracted no-premium period on equilibrium moves is severe, and the 3% offset move charge with at least $5 is run off the mill. In any case, the fee hurts. That adds up to a $300 expense on $10,000
• Redemption Minimum: You should have, in any event, $25 in remunerations before you can reclaim, equivalent to $1,250 in purchases. A few cards permit you to redeem awards in any sum whenever.
• Reward Expiration: Citi says compensations in cash balances “terminate” if you do not make cash back from your purchases or installments for a year. On the off chance that you quit utilizing the card, make sure to initially recover qualified rewards — or make a minor purchase with the card in any event once every year to reset the clock on lapse.

Citi Double Cash Card Credit Score

Citi does not distribute direct FICO ratings that It should have acknowledged for its cards. Also, different variables go into Citi’s capability choice past your credit score, incorporating your pay and the age of your records. In any case, you ought to hope to require an ideal credit score of around 760 to be affirmed for a rewards card, for example, the Citi Double Cash Card. You may even be verified with a lower score if other parts of your credit portfolio look engaging to Citi.

Citi Double Cash Sign-Up Bonus

Does Citi double cash have a sign-up bonus? It is among the most frequently asked questions on the official Citi website. One major downside of the Citi Double Cash Card – 18-month BT offer is its absence of a sign-up bonus. Cashback cards usually offer a $100 to $200 reward to new cardholders who go through a predetermined measure of cash in the initial few months — the Citi Double Cash Card 18-month BT offer does not offer such incentives. It can be debilitating, yet the drawn-out estimation of the Citi Double Cash Card 18-month BT offer can beat an underlying bonus.

Citi Double Cash Card Credit Limit

The Citi Double Cash Card credit limit differs on a person-to-person premise. Citi does not unveil a base credit limit. However, you can, for the most part, hope to have a credit breaking point of, in any event, $500 and, once in a while, a few thousand dollars.

Who Needs a Citi Double Cash Card?

The Citi Double Cash Card is a strong option for individuals who need an incredible rewards rate yet have yet to desire to mess with monitoring bonus rewards classifications. Regardless of whether you have a credit card with extra prizes on specific spending categories, it could be convenient to likewise have this card in your wallet for any purchases outside of the bonus classifications that acquire under 2%.

The card’s long introduction of balance transfer APR advancement makes it an excellent choice for somebody hoping to square away high-interest credit card obligations. And keeping in mind that it charges a balance transfer expense of 3% (at least $5), you can compensate for that expense over the long run with remunerations acquired on new purchases after you have taken care of the equilibrium move.

Should You Get A Citi Double Cash Card?

Yes, if you:

• Want to pay no yearly charge?
• We need an initial 0% APR advancement on equilibrium moves.
• I want to be relaxed over the following prize classifications.
• We need to bring in cash back on all buys.
• Pay your balance on time every month.

Citi Double Cash Card Compared To Other Similar Cards

Citi Double Cash Card vs. Chase Freedom Unlimited

• Annual Fee: Neither card has a yearly fee.
• Rewards: The Citi Double Cash Card offers 1% money back on purchases and 1% when you pay. The Chase Freedom Unlimited card brings in 5% money back on market buys (barring Target and Walmart buys) on up to $12,000 that went through in the preceding year, 5% money back on movement purchased through Chase Ultimate Rewards, 3% money back on eating and drugstore buys, and 5% money back on any remaining assets.
• Sign-up bonus: The Citi Double Cash Card does not have a sign-up bonus. Chase Freedom Unlimited card holders acquire a $200 reward after making $500 on buys in the initial three months from account opening.
• Advantages: The Citi Double Cash Card offers benefits, including elite admittance to entertainment ticket buys, fraud backing, and zero-dollar obligation on unapproved charges. Chase Freedom Unlimited cardholders are furnished with various purchaser benefits, including zero obligation insurance, buy security, and service agreement assurance.

Citi Double Cash Card vs. Capital One Quicksilver Cash Rewards Credit Card

• Annual Fee: Neither card has a yearly charge.
• Rewards: The Citi Double Cash Card gives you 1% money back on each buy and another 1% when you take care of it. The Capital One Quicksilver Cash Rewards Credit Card rewards cardholders with a level 5% money back on all buys.
• Sign-up Bonus: The Citi Double Cash Card does not offer a sign-up reward. The Capital One Quicksilver Cash Rewards Credit Card offers a $200 reward if you make $500 on buys within a quarter of a year from account opening.
• Advantages: With the Citi Double Cash Card, you get benefits, including restrictive admittance to entertainment ticket buys, data fraud backing, and attendant service. With the Capital One Quicksilver Cash Rewards Credit Card, you get no foreign transaction charge, 24-hour travel help benefits, an auto rental collision damage waiver, broadened inclusion, and emergency card substitution.

Is Citi Double Cash Hard To Get?

Citi Double Cash Card candidates are assessed dependent variables, including their FICO rating and installment history. Citi does not unveil the particular rules they use to evaluate candidates. However, candidates need excellent credit to get the Citi Double Cash Card. Perfect credit is usually a credit score of or approaching 800.

Is The Citi Double Cash A Good Card?

The Citi Double Cash Card brings in up to 2% money-back remunerations on all purchases — 1% when you make a purchase and another 1% when you pay your assertion — without charging a yearly expense or breaking point on the money-back remunerations you can acquire. Suppose you’re searching for a money-back remunerations card to use on the entirety of your buys or a money-back remunerations card to use on purchases outside the different classifications on your other cards. In that case, the Citi Double Cash Card is an extraordinary decision.

You can even change over the cashback remunerations on your Citi Double Money Card to Citi ThankYou Points through a connected ThankYou account. Furthermore, suppose you additionally have an excellent Citi ThankYou card, for example, the Citi Prestige Card or Citi Premier Card. In that case, you can move your compensation to book trips with any of the ThankYou program’s carrier accomplices.

The data for the Citi Prestige has been gathered autonomously by The Points Guy. The card subtleties on this page have yet to be explored or given by the card backer. There are a couple of disadvantages to the Citi Double Cash Card: a 3% unfamiliar exchange expense, no sign-up reward, and insignificant advantages. Yet, considering the procuring rate and the absence of any yearly charge, the Citi Double Cash Card is an attractive choice for some purchasers.

How Many Card Accounts Can I Have Open?

By and large, Citi does not restrict the number of Mastercards you can have open. Notwithstanding, Citi appears to have a most extreme credit line that it is eager to stretch out across all your Citi cards. Thus, on the off chance that you get an “application pending” notice when you apply for the Citi Double Cash Card, and you have, at any rate, one other Citi credit card, it could merit calling Citi’s reevaluation line at 1-800-695-5171 to check whether you can get endorsed by moving some credit from one of your present cards to open the new card.

FAQ

Are ThankYou Points Expire?

Your points will never expire as long as your account is active. You will have 60 days to spend or use the collected points if you shut your account or switch to another Citi credit card, not a Citi ThankYou Rewards program member.

How do I use my rewards for Redeem Citi Double Cash?

Citi Double Cash offers benefits in the form of Citi ThankYou Points, earning two points each time you purchase and pay a bill. It can exchange thankYou points for gift cards, travel through the Thank You portal, or transfers to certain travel partners at one cent per point, statement credits, deposits, or checks.

What is Citi Double Cash’s credit limit?

You’ll be given a credit limit after you’ve been granted the Citi Double Cash. This limit may change depending on several variables, including your creditworthiness, income, and an examination of your outstanding obligations. The first credit limit might be $500.

Is Citi Double Cash a Mastercard or a Visa?

A Mastercard is the Citi Double Cash Card.

Do you receive a sign-up bonus from Citi Double Cash?

No sign-up bonus is included in the Citi Double Cash Card’s introductory offer. The greater rate it pays on every purchase adds to its worth.

Conclusion

If you need a flat rate rewards card that does not involve a lot of hassle, it is hard to beat the Citi Double Cash Card – 18-month BT offer since its prizes apply to all spending and have no restrictions. Returns can be shockingly better if you use it related to a bonus classifications card. The Citi Double Cash Card is a decent card for cash-back remunerations. The Citi Double Cash Card likewise conveys a 3% foreign transfer charge. Remember that it offers a starting 18-month, 0% APR on equilibrium moves, the variable APR on new buys, and equilibrium moves not paid off inside the year. A half can be as high as 23.99%, contingent upon your financial soundness.