Citi Double Money Card assessment: 2% money again on all the things

The Citi Double Cash® Card (see rates and fees) is likely one of the easiest and most rewarding cash-back rewards playing cards. With as much as 2% earnings on all purchases — 1% while you make a purchase order and one other 1% while you pay it off — it is tough to beat this no-annual-fee card. Plus, you may convert your rewards to totally transferable ThankYou factors in the event you additionally produce other choose Citi playing cards. Card score*: ⭐⭐⭐⭐

*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

The Citi Double Cash Card is the cash-back card I like to recommend most to family and friends. For those who’re incomes lower than 2% again in your credit score or debit card purchases, you may profit from how the Citi Double Money Card earns as much as 2% money again on all purchases (given as 1% while you make a purchase order, plus 1% as you pay that buy off).

You will often want a good credit score rating of 580 or greater to get authorized for the Citi Double Money Card. However this card has no annual payment, so it is a fantastic card to maintain in your pockets long-term.

You will routinely earn cash-back rewards within the type of ThankYou factors you could redeem for assertion credit and extra. However you may unlock higher-value redemption choices in the event you additionally maintain a Citi Premier® Card (see rates and fees) or Citi Prestige® Card (now not obtainable to new candidates), as you may then convert your rewards to fully transferable ThankYou points.

Let’s take a better take a look at this straightforward but invaluable card.

The data for the Citi Status has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.

Proper now, the Citi Double Cash is providing $200 money again after you spend $1,500 on purchases within the first six months of account opening.

This card usually doesn’t offer a welcome bonus, so something you will get is a cherry on high.

Every day Publication

Reward your inbox with the TPG Every day e-newsletter

Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants

Associated: Why the Citi Double Cash will always have a place in my wallet

The Citi Double Cash Card would not supply many different standout advantages or perks as a no-annual-fee card. Nonetheless, it does supply:

• A chip-enabled card to make use of at retailers that help contactless pay
• $0 legal responsibility on unauthorized fees
• Entry to Citi Entertainment, which gives particular entry to buy tickets to hundreds of occasions
• Enrollment in complimentary ID theft protection that displays your data and alerts you if suspicious exercise is discovered

Observe that the Citi Double Money has a 3% overseas transaction payment. As such, you may wish to have an alternate card without foreign transaction fees to make use of when touring exterior the U.S.

Associated: What credit score do you need to get the Citi Double Cash Card?

You will earn money again within the type of ThankYou factors with restricted transferability while you make purchases with the Citi Double Cash Card. Cardmembers earn 1% money again after they purchase and 1% after they pay for his or her purchases.

Nonetheless, Citi Double Money members ought to see a banner for a limited-time supply after they log in to the Citi Journey web site. With this limited-time supply, Citi Double Money cardmembers will earn 5% complete cash-back rewards — 3% money again on high of that customary 1% while you purchase and 1% while you pay — on inns, automobile leases and sights booked by the Citi Travel web site by Dec. 31, 2024.

Your card account should be present to earn rewards. This implies you will need to pay a minimum of the minimal cost due by the primary day of every billing interval — though it is best observe to pay your statement in full every time potential.

Associated: Best 2%-cash-back credit cards

The Citi Double Cash Card earns ThankYou factors with restricted transferability. The worth you may get when redeeming these ThankYou factors will differ relying in your chosen redemption. This is a take a look at redeeming the ThankYou factors you earn with the Citi Double Money Card.

Redeem for money again

If you’d like the best redemption choice that also offers good worth, you may redeem for cash-back rewards at a price of 1 cent per level. You may request this money again as an announcement credit score or direct deposit of any quantity. Alternatively, you may request a examine within the mail in the event you redeem for a minimum of $5 in cash-back rewards.

Redeem for reward playing cards

It’s also possible to redeem your ThankYou factors for reward playing cards, though the redemption price will differ relying on the service provider. You will often discover the very best redemption charges within the sale part, the place I discovered a $25 Crimson Lobster reward card on sale for two,250 factors (a redemption price of 1.11 cents per level).

E book journey

You may redeem Citi ThankYou factors earned with the Citi Double Money Card towards inns, flights, rental vehicles and sights you e book by the Citi Journey portal. Within the instance searches I did for every kind of journey reserving, I may get 1 cent per level every when redeeming factors from my Citi Double Money account.

Store with factors

It’s also possible to redeem Citi ThankYou factors on the following retailers by the Store with Factors program:

• Amazon
• Greatest Purchase
• BP/Amoco
• CVS
• Greenback Basic
• Paypal
• Shell
• Walmart
• 1-800-Flowers

Nonetheless, while you Store with Factors, you may often get a redemption price of lower than 1 cent per level. We advocate redeeming for an announcement credit score or direct deposit as a substitute of utilizing Store for Factors.

Donate your factors

It’s also possible to donate your ThankYou factors to numerous charities, beginning at simply 1,000 factors per donation. Nonetheless, it’s going to often be higher to get an announcement credit score or direct deposit after which donate to a charity of your selection in the event you really feel beneficiant.

Switch your factors

As mentioned within the subsequent part, you may redeem your factors by transferring them to different Citi ThankYou Rewards members or journey loyalty packages.

Associated: Redeeming Citi ThankYou points for maximum value

You may transfer points you earn together with your Citi Double Cash Card in two main methods. Firstly, you may switch as much as 100,000 ThankYou factors per calendar 12 months to different ThankYou members. Nonetheless, know that factors transferred to different members expire 90 days after receiving them.

It’s also possible to switch Citi ThankYou factors to pick loyalty companions. If you do not have the Citi Premier or Citi Status card, you may solely have the choice to switch to 4 loyalty companions:

• Selection Privileges: 1,000 ThankYou factors will be transformed to 1,500 Selection factors
• JetBlue TrueBlue: 1,000 ThankYou factors will be transformed to 800 JetBlue factors
• Store Your Manner: 1 ThankYou level will be transformed to 10 Store Your Manner factors
• Wyndham Rewards: 1,000 ThankYou factors will be transformed to 800 Wyndham factors

For those who even have the Citi Premier or Citi Status, you may mix the ThankYou factors out of your Citi Double Money Card with the ThankYou factors from considered one of these playing cards. If you do that, you’ll use your ThankYou factors as in the event you earned them together with your Citi Premier or Citi Status, together with transferring them to all the customary Citi ThankYou Rewards partners.

Associated: 5 of the best Citi ThankYou Rewards redemption sweet spots

Associated: How to choose a cash-back credit card

The Citi Double Cash is a superb selection in the event you’re on the lookout for easy cash-back rewards with out worrying about spending classes. It’s also possible to use it as half of a bigger Citi credit card technique. In spite of everything, you will get extra worth from Double Money rewards when you will have a premium Citi ThankYou card and may make the most of the total set of Citi ThankYou switch companions.

Associated: Why the Citi Double Cash Card is an integral part of my strategy to beat inflation

For those who’re on the lookout for a cash-back bank card the place you do not have to fret about bonus classes, the Citi Double Cash Card might very effectively be the proper card for you. However even in the event you do like to maximise bonus classes with different playing cards, it will possibly additionally function an everyday spending card in your non-bonus class purchases. When you’ve got a premium Citi bank card just like the Citi Premier, you may unlock extra switch companions for the rewards you earn together with your Citi Double Money Card.

Apply right here: Citi Double Cash Card