Citi is an promoting accomplice.

The Citi® Double Money Card is among the highest-yielding flat-rate bank cards available on the market. Nevertheless, in contrast to with different cash-back playing cards, you do not earn all of the rewards upfront.  

This is the way it breaks down: You may earn as much as 2% money again on your entire purchases with this card. You get 1% while you make the acquisition, and one other 1% on the steadiness you pay down. Whereas you’ll discover greater cash-back charges on particular person spending classes like eating places, groceries and fuel with different playing cards, the Citi Double Money retains issues easy. You at all times know what you are incomes. 

This card additionally has a steadiness switch angle: With a reasonably beneficiant introductory APR on balances transferred from different accounts, you’ll be able to consolidate your debt and probably save on curiosity funds.

With no annual price and a broad scope, this card is a superb addition to any pockets, whether or not as a supplemental or stand-alone card. Beneath we’ll evaluation the rewards program and steadiness switch supply, in addition to another options. We’ll additionally counsel some nice substitutes if the Citi Double Money would not meet your entire desires and wishes.

On this article

• Money-back rewards
• Introductory APR on steadiness transfers​
• Different perks​
• Comparable playing cards​
• FAQs​
• Our strategy to bank card analysis​

Money-back rewards and welcome bonus

You earn 1% money again while you make a purchase order, and one other 1% while you make the cost — for as much as 2% money again on all purchases.

There aren’t any spending caps or limits with the cash-back program, so you’ll be able to proceed incomes indefinitely. You may redeem the factors you’ve got earned as an announcement credit score, direct deposit or examine. For every of these choices, a degree is value 1 cent. 

Different choices embody redeeming your money again for a present card, journey or purchases made by Store With Factors at Amazon. Level values might fluctuate amongst these redemption choices.

For a restricted time, the Citi Double Money Card can also be providing a welcome bonus. You may earn $200 money again for those who spend $1,500 in purchases on the cardboard throughout the first six months of account opening. Whereas this can be a commonplace welcome bonus worth, the spending threshold to succeed in it’s a bit greater than a few of its opponents.

Introductory APR on steadiness transfers

This can be a good card to make use of to maneuver a steadiness from a high-interest bank card with a purpose to deal with debt extra successfully. You may reap the benefits of the 0% introductory APR on steadiness transfers for 18 months (16.24% to 26.24% variable APR thereafter). Whereas it isn’t the longest steadiness switch interval obtainable available on the market, it is fairly beneficiant.

Understand that to make use of this supply, you may have to finish the steadiness switch throughout the first 4 months of opening the account. Usually, it is best to permit a minimum of two weeks to verify your steadiness transfers in time — it is higher to have somewhat further wiggle room for those who expertise delays than to overlook out on the introductory APR. 

The intro steadiness switch price is 3% of the transaction quantity, with a $5 minimal, which is commonplace for the trade. However for those who wait till after the preliminary 4 months, that price jumps as much as 5% ($5 minimal). There are different playing cards with no steadiness switch charges, however these playing cards usually have shorter intro APR intervals.

If you happen to do resolve to make use of this card for a steadiness switch, you may wish to keep away from making purchases till you pay your steadiness off. Purchases made in the course of the steadiness switch promotion will accrue curiosity.

Different perks

Many Citi bank cards together with the Double Money Card have digital card functionality, which helps you store extra securely on-line. You may generate a digital account quantity by your on-line account — a one-time bank card quantity you should use to make a purchase order with out giving freely your actual account data to assist forestall card fraud.

Your Citi Double Money Card account additionally permits you to hyperlink your different Citi bank cards for the comfort of managing your playing cards all from the identical login.

Comparable playing cards

Wells Fargo Lively Money® Card

If you happen to just like the sound of two% money rewards in your purchases however do not wish to wait to repay your steadiness to earn all of it, the Wells Fargo Lively Money is perhaps a greater possibility for you.

The introductory APR is shorter at 15 months from account opening, however you may get 0% intro APR on each purchases and qualifying steadiness transfers alike (variable APR will probably be 17.24%, 22.24%, or 27.24% thereafter). So this card could also be good for those who’re trying to finance a big buy, too. You will get a comparable welcome bonus with the Lively Money Card, although you will not should spend as a lot to earn it: $200 money rewards while you spend $1,000 in purchases throughout the first three months.

For extra particulars, take a look at our full evaluation of the Wells Fargo Lively Money Card.

Capital One Quicksilver Money Rewards Credit score Card

The Capital One Quicksilver Money Rewards presents the same unfold of advantages to the Wells Fargo Lively Money Card however has a extra accessible welcome bonus and a decrease cash-back charge.

You solely have to spend $500 within the first three months to get the $200 welcome bonus. However the cash-back charge on all purchases is 1.5%. You will additionally get a 0% introductory APR on purchases and steadiness transfers for 15 months (16.49% to 26.49% variable APR afterward; 3% steadiness switch price on quantities transferred throughout the first 15 months).

See our full evaluation of the Capital One Quicksilver Money Rewards card for extra particulars.

FAQs

Our strategy

We evaluation the playing cards which are within the highest demand and supply one of the best advantages. We scour the nice print so there are not any surprises while you open an account. We discover the important thing components that make a card stand out and examine them with different prime playing cards. That means, readers can go for a unique card with related options if our choose is not proper for them. Our evaluations are frequently checked and up to date to include new suggestions, in addition to to replicate modifications in presents and the market.

The editorial content material on this web page relies solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third get together. Nevertheless, we might obtain compensation while you click on on hyperlinks to services or products supplied by our companions.

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