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The Citi® Double Money Card – 18 month BT supply contains the most effective on a regular basis money again rewards charges accessible for cardholders. Earn as much as 2% money again on all purchases – 1% if you purchase and 1% if you pay to your purchases.
What We Like:
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0% intro APR on steadiness transfers for 18 months (common APR of 18.49% – 28.49% Variable)
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Earn 2% money again on new purchases; limitless 1% money again if you purchase, plus an extra 1% as you pay for these purchases.
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No annual price
Intro APR Purchases
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Intro Time period Purchases
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Intro APR Steadiness Transfers
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Intro Time period Steadiness Transfers
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Common APR
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Annual Charge
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If you happen to’re searching for a one-size-fits-all answer for a bank card, look no additional than the Citi® Double Money Card. With no annual price, it’s a incredible starter card that gives a easy but beneficial strategy to incomes rewards.
Citi® Double Money cardholders obtain 1% money again once they purchase and 1% money again once they pay their assertion invoice, for a complete of two% money again on just about all purchases. This 2% incomes scheme additionally incentivizes you to construct good credit score habits, as you gained’t see the opposite half of the money again payout till you make your bank card fee.
Let’s dive in to grasp who this card is greatest fitted to.
Key info
- Finest for: Simple rewards.
- Intro supply/sign-up bonus: 0% intro for 18 months on Steadiness Transfers
- Common APR: 18.49% – 28.49% (Variable) for purchases and steadiness transfers after the introductory interval.
- Annual price: $0.
- Money again: 1% if you purchase; 1% if you pay.
- Distinctive options: Entry to Citi Leisure®, which incorporates particular entry to 1000’s of occasions, live shows, eating experiences, and extra.
Professionals & cons of the Citi® Double Money Card
Professionals
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No annual price — With no annual price, the Citi® Double Money Card is a superb cost-effective card to have.
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0% intro supply on steadiness transfers — The Citi® Double Money Card presents 0% intro for 18 months on Steadiness Transfers of card possession. Simply you’ll want to pay it off earlier than the intro interval expires.
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Money again rewards by no means expire — All of the rewards you earn will pool into your Citi ThankYou® factors steadiness. So long as you retain your account lively, your rewards will all the time be accessible.
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Uncomplicated rewards potential — Regardless of the acquisition, you’re all the time incomes as much as 2% on every little thing you purchase with the cardboard. For example, in case you spend $20,000 in your card in a single 12 months, you’ll earn $400 value in money again rewards.
Cons
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Excessive APR after the intro interval — Whereas the Citi® Double Money Card is a terrific no-annual-fee product with an introductory 0% APR on steadiness transfers, when you move the intro interval, you’ll need to be cautious of its excessive ongoing APR.
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3% international transaction price — You’ll need to keep away from bringing this card on any worldwide travels, as you’ll incur a 3% international transaction price on all of your purchases.
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No sign-up bonuses — Not like different rewards playing cards, the Citi® Double Money Card doesn’t include an introductory welcome supply, past its 18-month 0% APR on steadiness transfers.
In-depth evaluation of the Citi® Double Money Card
Rewards
The Citi® Double Money Card’s rewards price is twofold: it presents cardholders as much as 2% money again on all purchases, however provided that you repay your month-to-month assertion on time and in full. This encourages cardholders to make good choices to reap the complete potential of the money again price.
Finally, many individuals will admire the simplistic strategy supplied by the Citi® Double Money Card. You don’t have to consider whether or not or not you’re maximizing each single buy that comes your manner. Merely swipe your card and earn 1% if you purchase and 1% if you pay —for a complete of two% money again — irrespective of the acquisition.
You’ll earn all of your rewards within the type of Citi ThankYou® factors, which you’ll then redeem for the money again redemption of your selection: assertion credit score, direct deposit, or test. Every level is value 1 cent apiece, so 50,000 factors is value $500 in money again. There’s no minimal quantity required to money out.
Better of all, your factors won’t ever expire so long as you retain your account open.
Bonuses
Sadly, the Citi® Double Money Card doesn’t present a welcome supply for brand spanking new candidates, past its 0% introductory APR on steadiness transfers. Nonetheless, for a card with no annual price, its 2% incomes price is profitable sufficient to miss the shortage of a one-time bonus.
APR
New cardholders can get pleasure from a 0% intro for 18 months on Steadiness Transfers. This may be compelling in case you’re trying to cut back debt on any present bank cards chances are you’ll carry.
Even so, you’re not completely off the hook for charges. There’s an intro steadiness switch price of three% of every switch (minimal $5) accomplished inside the first 4 months of account opening. A steadiness switch price of 5% of every switch ($5 minimal) applies if accomplished after 4 months of account opening.
Moreover, steadiness transfers have to be accomplished inside the first 4 months of account opening. In any other case, the usual variable APR of 18.49% – 28.49% (Variable), which depends upon your creditworthiness, will apply to unpaid or new steadiness transfers and ongoing card purchases.
In sum, it’s greatest to make well timed funds in your assertion to keep away from accruing late prices and curiosity charges, because the Citi® Double Money’s commonplace APR is sort of steep.
