Citi Double Money Card Evaluate 2023

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Our specialists reply readers' bank card questions and write unbiased product opinions (here is how we assess bank cards). In some circumstances, we obtain a fee from our companions; nonetheless, our opinions are our personal. Phrases apply to provides listed on this web page.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Apply on-line at Citibank's web site.

Citi® Double Money Card

Apply on-line at Citibank's web site.

Particulars

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Advisable Credit score

Good to Wonderful

Advisable credit score rating. Observe that bank card lenders could use many alternative variations of credit score rating fashions when contemplating your utility.

Present extra

Common Annual Proportion Fee (APR)

18.49% - 28.49% Variable

Intro Annual Proportion Fee (APR)

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening

Editor's Ranking

3.65/5

Our editor's rankings analyze charges, bonuses, rewards, and advantages to spotlight the only and Most worthy bank cards out there.

Present extra

Professionals & Cons


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

A verify mark. It signifies a affirmation of your supposed interplay.

No annual price

A verify mark. It signifies a affirmation of your supposed interplay.

Easy incomes construction with out complicated bonus classes

A touch. It usually signifies an interplay to shrink a piece.

Some playing cards earn larger charges of money again on rotating classes

A touch. It usually signifies an interplay to shrink a piece.

Whereas it has a 0% introductory APR supply, that is solely on steadiness transfers, not purchases, so you possibly can't use it to fund a significant expense with out curiosity

Highlights


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

• Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.


• To earn money again, pay no less than the minimal due on time.


• Stability Switch Solely Provide: 0% intro APR on Stability Transfers for 18 months. After that, the variable APR will probably be 18.49% - 28.49%, based mostly in your creditworthiness.


• Stability Transfers don't earn money again. Intro APR doesn't apply to purchases.


• In the event you switch a steadiness, curiosity will probably be charged in your purchases except you pay your complete steadiness (together with steadiness transfers) by the due date every month.


• There may be an intro steadiness switch price of three% of every switch (minimal $5) accomplished throughout the first 4 months of account opening. After that, your price will probably be 5% of every switch (minimal $5).

Extra Studying


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Learn our evaluate

A looong arrow, pointing proper

The Citi® Double Money Card does not include loads of bells and whistles. However incomes 2% money again (1 level per greenback on the time of buy and 1 level per greenback while you pay your invoice) with out an annual price is a superb deal. It is also certainly one of our picks for the finest steadiness switch bank cards. Citi is an Insider companion.

Lots of the finest money again bank cards offer you 1.5% again in your spending with out an annual price, however few surpass that incomes threshold. That is why the Citi® Double Money Card is so distinctive.

With the Citi® Double Money Card, you will earn 2 factors per greenback — successfully 2% money again — on all purchases (1 level per greenback while you make a purchase order, and 1 level per greenback while you pay it off). And there is no restrict to what you possibly can earn, which places the cardboard excessive on our checklist of the finest 2% money again bank cards.

It is a great card for many who desire a strong money again fee with out having to maintain monitor of bonus classes or spending caps.

Citi Double Money Card Evaluate: Is It the Finest Credit score Card for You?

As a result of it has no annual price, the Citi® Double Money Card is a good possibility as a long-term "keeper card" — each for its robust money again incomes and since your common account age is a consider calculating your credit score rating. The Citi® Double Money Card provides a 0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then a 18.49% - 28.49% Variable APR, which might prevent cash when you're seeking to consolidate debt or transfer a steadiness from a high-interest bank card. 

As a result of the Citi® Double Money Card earns Citi ThankYou factors as a substitute of straight money again, you possibly can redeem rewards for journey via the Citi ThankYou journey portal, present playing cards, merchandise, and extra. 

In the event you even have a Citi Premier® Card or Citi Status® Card
(not out there to new candidates), you possibly can mix your rewards and switch Citi ThankYou factors to over a dozen airline and resort companions, together with Singapore Airways, Air France-KLM, and Wyndham.

Redeeming your factors this manner can usually translate into much more worth, particularly when you ebook business- or first-class award flights that might in any other case break the bank.

Earlier than you determine on the Citi® Double Money Card, make sure you take into account different no-annual-fee bank cards that supply related money again. For instance, the Wells Fargo Energetic Money® Card provides 2% money rewards on purchases, and comes with a $200 money rewards bonus after spending $1,000 in purchases within the first three months from account opening.

Insider's Featured Money Again Credit score Playing cards

It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

Earn 5% money again on on a regular basis purchases at totally different locations every quarter like Amazon.com, grocery shops, eating places, and gasoline stations as much as the quarterly most while you activate. Earn limitless 1% money again on all different purchases robotically.

Limitless Cashback Match – Uncover will robotically match all of the money again you’ve earned on the finish of your first yr

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Earn limitless 2% money rewards on purchases.

$200 money rewards bonus after spending $1,000 in purchases within the first three months from account opening

We're targeted right here on the rewards and perks that include every card. These playing cards will not be value it when you're paying curiosity or late charges. When utilizing a bank card, it is essential to pay your steadiness in full every month, make funds on time, and solely spend what you possibly can afford to pay.

Citi Double Money Card Rewards

Citi Double Money welcome bonus

Presently, the Citi® Double Money Card doesn't have a welcome bonus supply. It virtually all the time does not, but it surely has supplied a modest limited-time money again welcome bonus a few occasions up to now. There is no assure that a welcome bonus will ever return — they've been few and much between.

The right way to earn money again with the Citi Double Money Card

The Citi® Double Money Card is straightforward in that it does not require you to maintain monitor of bonus classes — you will earn the identical cash-back rewards fee on each buy you make.

As an alternative of awarding money again as most playing cards do, the Citi® Double Money Card works slightly in another way. You will earn 1 level per greenback (value 1% money again) while you make a purchase order and 1 level per greenback (1% money again) while you pay it off. This delayed return should not be an element when you pay your invoice in full each month, however when you're somebody who carries a steadiness, it is one thing to contemplate.

The Citi® Double Money Card is one-third of the Citi Trifecta — a trio of Citi playing cards that may supercharge your ThankYou Rewards steadiness by incomes wherever from 2x to 5x rewards on each single buy.

The right way to use Citi Double Money rewards

You need to use factors from the Citi® Double Money Card in additional methods than you would possibly suppose — they are not simply good for money again.

If you wish to commerce in your rewards for money again, you possibly can redeem your Citi ThankYou factors at a fee of 1 cent every for a verify, an announcement credit score, or a credit score to your linked account with no minimal requirement for assertion credit or direct deposit; verify redemptions have a minimal of $5. It's also possible to use factors towards journey, present playing cards, merchandise, and extra. 

The Citi® Double Money Card now enables you to switch Citi ThankYou factors to 1 airline companion, JetBlue, at a switch ratio of 5:4 (1,000 Citi ThankYou factors to 800 JetBlue factors), and to resort companions Wyndham (5:4 ratio) and Selection Privileges (2:3 ratio).

In the event you additionally maintain the Citi Status® Card or the Citi Premier® Card, nonetheless, you possibly can mix your factors and switch them at a 1:1 ratio to all of Citi's airline companions, together with Air France-KLM Flying Blue, Cathay Pacific, and Etihad Visitor, and at an improved ratio to Citi's resort companions.

Citi ThankYou factors are value 1.6 cents every, on common, based mostly on Insider's newest factors and miles valuations — however the precise worth you will get is dependent upon the way you redeem your rewards.

Citi Double Money Card Advantages and Options

As a no-annual-fee card, the Citi® Double Money Card does not include a ton of cardholder advantages. Nevertheless, there are a pair that may be very useful in the precise circumstances.

Introductory 0% APR on steadiness transfers for 18 months

With the Citi® Double Money Card, you will qualify for a 0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, adopted by a 18.49% - 28.49% Variable APR. A 5% steadiness switch price applies with a minimal cost of $5.

Utilizing a 0% APR bank card for steadiness transfers can prevent cash when you're carrying high-interest debt on different playing cards. It may also be a superb alternative to simplify paying down your debt by consolidating all the pieces in a single place. Simply ensure you are in a position to make no less than the minimal cost every month and have the means to pay your entire steadiness earlier than the introductory interval expires.

Pair the Citi Double Money with the Citi Premier or Citi Status

In the event you even have the Citi Premier® Card or Citi Status® Card, it is a sensible transfer to pair a type of playing cards with the Citi® Double Money Card. This is able to make it doable to extract the utmost return out of your rewards, as a result of the Citi Premier® Card and  Citi Status® Card open the door to transfers to all of Citi's airline and resort companions.

In the event you journey usually however like saving cash by reserving award flights, this is a crucial issue to contemplate. However earlier than making use of, it is best to take a look at Citi's switch companions to ensure they work in your journey plans. Remember the fact that you possibly can redeem factors from these airways for award flights on companion airways; for instance, as a result of Singapore Airways is a part of the Star Alliance, you need to use its miles to ebook award flights on United (additionally a Star Alliance member).

A lot of the present Citi ThankYou switch companions all supply a 1:1 factors switch ratio, with exceptions famous under:

Citi ThankYou switch companions

• Aeromexico Membership Premier
• Air France-KLM Flying Blue
• Avianca LifeMiles
• Cathay Pacific Asia Miles
• Selection Privileges (1:2 ratio; if you do not have the Citi Premier® Card or  Citi Status® Card, the switch ratio is 1,500 Selection factors for each 1,000 ThankYou factors you change)
• Emirates Skywards
• Etihad Visitor
• Eva Air Infinity MileageLands
• JetBlue TrueBlue (if you do not have the Citi Premier® Card or  Citi Status® Card, the switch ratio is 800 JetBlue factors for each 1,000 ThankYou factors you change)
• Qantas Frequent Flyer
• Qatar Airways Privilege Membership
• Singapore Airways KrisFlyer
• Thai Airways Royal Orchid Plus
• Turkish Airways Miles & Smiles
• Virgin Atlantic Flying Membership
• Wyndham Rewards (if you do not have the Citi Premier® Card or  Citi Status® Card, the switch ratio is 800 Wyndham factors for each 1,000 ThankYou factors you change)

It's also possible to switch Citi ThankYou factors to Sears Store Your Method rewards at a fee of 1 Citi ThankYou level to 10 Store Your Method rewards factors.

Unlocking the flexibility to switch factors to journey companions with the Citi Premier® Card and  Citi Status® Card echoes the foundations of different transferable factors packages. For instance, to switch factors to airline and resort companions with Chase Final Rewards®, you will want an annual-fee card just like the Chase Sapphire Most popular® Card, Chase Sapphire Reserve®, or Ink Enterprise Most popular® Credit score Card in your pockets.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Apply on-line at Citibank's web site.

Citi® Double Money Card

Apply on-line at Citibank's web site.

Particulars

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Advisable Credit score

Good to Wonderful

Advisable credit score rating. Observe that bank card lenders could use many alternative variations of credit score rating fashions when contemplating your utility.

Present extra

Common Annual Proportion Fee (APR)

18.49% - 28.49% Variable

Intro Annual Proportion Fee (APR)

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening

Editor's Ranking

3.65/5

Our editor's rankings analyze charges, bonuses, rewards, and advantages to spotlight the only and Most worthy bank cards out there.

Present extra

Professionals & Cons


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

A verify mark. It signifies a affirmation of your supposed interplay.

No annual price

A verify mark. It signifies a affirmation of your supposed interplay.

Easy incomes construction with out complicated bonus classes

A touch. It usually signifies an interplay to shrink a piece.

Some playing cards earn larger charges of money again on rotating classes

A touch. It usually signifies an interplay to shrink a piece.

Whereas it has a 0% introductory APR supply, that is solely on steadiness transfers, not purchases, so you possibly can't use it to fund a significant expense with out curiosity

Highlights


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

• Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.


• To earn money again, pay no less than the minimal due on time.


• Stability Switch Solely Provide: 0% intro APR on Stability Transfers for 18 months. After that, the variable APR will probably be 18.49% - 28.49%, based mostly in your creditworthiness.


• Stability Transfers don't earn money again. Intro APR doesn't apply to purchases.


• In the event you switch a steadiness, curiosity will probably be charged in your purchases except you pay your complete steadiness (together with steadiness transfers) by the due date every month.


• There may be an intro steadiness switch price of three% of every switch (minimal $5) accomplished throughout the first 4 months of account opening. After that, your price will probably be 5% of every switch (minimal $5).

Extra Studying


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Learn our evaluate

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Citi Double Money Card Annual Charge and Different Prices

Whereas the Citi® Double Money Card has a $0 annual price, there are different charges to pay attention to.

You will pay a 18.49% - 28.49% Variable APR everytime you carry a steadiness, and costs apply for sure actions, together with:

• International transaction price: 3% of the US greenback quantity of every buy (when you're heading overseas, use a bank card that does not cost overseas transaction charges as a substitute)
• Stability transfers: Intro price of three% of every switch ($5 minimal) accomplished throughout the first 4 months of account opening; after that, 5% of every switch with a $5 minimal
• Money advances: Both $10 or 5% of the quantity of every money advance, whichever is larger
• Late funds: As much as $41
• Returned funds: As much as $41

How the Citi Double Money Card Compares

Citi Double Money vs different Citi bank cards

*eligible 5% money again classes on the Citi Customized Money℠ Card are eating places, gasoline stations, grocery shops, choose journey, choose transit, choose streaming providers, drugstores, house enchancment shops, health golf equipment, and reside leisure

Citi Double Money vs different cash-back bank cards

Wells Fargo Energetic Money vs Citi Double Money

In the event you're evaluating the Citi Double Money vs Wells Fargo Energetic Money card, you will need to determine how a lot you worth a welcome bonus supply. That is as a result of the Wells Fargo Energetic Money® Card comes with a $200 money rewards bonus after spending $1,000 in purchases within the first three months from account opening, whereas the Citi® Double Money Card does not at present supply a welcome bonus.

The Wells Fargo Energetic Money® Card additionally earns 2% money rewards on all purchases, and there is not the limitation of incomes half the rewards while you purchase and the opposite half while you pay like there's on the Citi® Double Money Card.

Which may make the Wells Fargo Energetic Money® Card a transparent winner for most folk. However bear in mind, the Citi® Double Money Card has the benefit for its lengthy intro APR on steadiness transfers (0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then a 18.49% - 28.49% Variable APR). If finishing a steadiness switch is your essential motivation for getting a card, the Citi® Double Money Card needs to be your decide.

The Wells Fargo Energetic Money® Card additionally has an intro APR supply (0% intro APR on purchases and qualifying steadiness transfers for 15 months from account opening, then a 19.49%, 24.49%, or 29.49% Variable APR), but it surely's not so long as on the Citi® Double Money Card.

Chase Freedom Limitless vs Citi Double Money

The Chase Freedom Limitless® is one other robust competitor to the Citi® Double Money Card. When evaluating the Chase Freedom Limitless vs Citi Double Money, it is best to take into account your spending habits and what you need to get out of the cardboard.

The Chase Freedom Limitless® has a welcome bonus supply of 1.5% money again along with common incomes on all the pieces you purchase as much as $20,000 spent within the first yr (value as much as $300 money again), which provides this card a bonus within the first yr. Its incomes charges may also be extra profitable when you spend lots on journey, eating places, and drugstores. You will earn 5% money again on journey booked via the Chase Final Rewards journey portal, 3% money again on eating, 3% money again at drugstores, and 1.5% money again on all the pieces else, with no caps.

With the Chase Freedom Limitless®, there's additionally a 0% intro APR on purchases and steadiness transfers for the primary 15 months, then a 19.49% - 28.24% Variable APR. 

The Citi® Double Money Card has a bonus for steadiness transfers and total money again fee. You will do a lot better with this card if the lengthy steadiness switch is value it for you, and if most of your spending is outdoors of the Chase Freedom Limitless®'s bonus classes.

The Chase Freedom Limitless® additionally comes with advantages you do not usually see on no-annual-fee playing cards, together with buy safety, prolonged guarantee, automotive rental insurance coverage, journey interruption and cancellation insurance coverage, and journey and emergency help providers.

Citi Double Money Card Continuously Requested Questions (FAQ)

The Citi® Double Money Card is a Mastercard.

Your Citi® Double Money Card rewards is not going to expire so long as your account is open.

In the event you already had money again in your Citi® Double Money Card account, they have been transformed to ThankYou factors at a fee of 1 level = 1 cent. For instance, when you had $25 in money again sitting in your account, it transformed into 2,500 ThankYou factors.

Apply for the Citi Double Money Card

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Apply on-line at Citibank's web site.

Citi® Double Money Card

Apply on-line at Citibank's web site.

Particulars

Rewards

Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.

Intro supply

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening, then 18.49% - 28.49% variable APR

Advisable Credit score

Good to Wonderful

Advisable credit score rating. Observe that bank card lenders could use many alternative variations of credit score rating fashions when contemplating your utility.

Present extra

Common Annual Proportion Fee (APR)

18.49% - 28.49% Variable

Intro Annual Proportion Fee (APR)

0% intro APR for 18 months from date of first switch for steadiness transfers made inside 4 months of account opening

Editor's Ranking

3.65/5

Our editor's rankings analyze charges, bonuses, rewards, and advantages to spotlight the only and Most worthy bank cards out there.

Present extra

Professionals & Cons


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

A verify mark. It signifies a affirmation of your supposed interplay.

No annual price

A verify mark. It signifies a affirmation of your supposed interplay.

Easy incomes construction with out complicated bonus classes

A touch. It usually signifies an interplay to shrink a piece.

Some playing cards earn larger charges of money again on rotating classes

A touch. It usually signifies an interplay to shrink a piece.

Whereas it has a 0% introductory APR supply, that is solely on steadiness transfers, not purchases, so you possibly can't use it to fund a significant expense with out curiosity

Highlights


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

• Earn 2% on each buy with limitless 1% money again while you purchase, plus an extra 1% as you pay for these purchases.


• To earn money again, pay no less than the minimal due on time.


• Stability Switch Solely Provide: 0% intro APR on Stability Transfers for 18 months. After that, the variable APR will probably be 18.49% - 28.49%, based mostly in your creditworthiness.


• Stability Transfers don't earn money again. Intro APR doesn't apply to purchases.


• In the event you switch a steadiness, curiosity will probably be charged in your purchases except you pay your complete steadiness (together with steadiness transfers) by the due date every month.


• There may be an intro steadiness switch price of three% of every switch (minimal $5) accomplished throughout the first 4 months of account opening. After that, your price will probably be 5% of every switch (minimal $5).

Extra Studying


It signifies an expandable part or menu, or typically earlier / subsequent navigation choices.

Learn our evaluate

A looong arrow, pointing proper

Methodology: How we reviewed the Citi Double Money Card

Insider's bank cards group evaluated the Citi® Double Money Card compared to related money again bank cards with no annual price. We checked out numerous components, together with:

• Ease of use — Are the money again or rewards from the cardboard easy to earn and redeem, or are there hoops to leap via? Are there a number of methods to make use of your rewards?
• Money again incomes potential — Does the cardboard include incomes charges which can be equal to or larger than comparable playing cards? If the cardboard has bonus classes, are they broadly helpful to customers, and do any of them have a spending cap?
• Advantages — Most money again bank cards aren't filled with fancy advantages, however does the cardboard supply perks that put it above competing playing cards? These might be issues like journey advantages, buy protections, or assertion credit.
• Annual price — If the cardboard has an annual price, is it justified? Does the cardboard's incomes potential and different perks make paying a price value it?

To learn extra about Insider's methodology, take a look at our explainer on how we fee bank cards.

Holly Johnson

Freelance Author

Angela Fung

Advertising and marketing Compliance Supervisor

Angela Fung is a advertising compliance supervisor at Private Finance Insider, overseeing a group that ensures content material accuracy and editorial independence so readers are all the time getting up-to-date and goal monetary recommendation. She is the first contact for bank cards compliance and has expertise managing content material and partnerships for the banking, loans, and funding verticals as nicely. 
Private Finance Insider is Insider's private finance part that includes affiliate and commerce partnerships into the information, insights, and recommendation about cash that Insider readers already know and love.
The compliance group's mission is to offer readers with tales which can be fact-checked and present, to allow them to make knowledgeable monetary choices. The group additionally works to attenuate danger for companions by ensuring language is evident, exact, and absolutely compliant with regulatory and companion advertising pointers that align with the editorial group.
Previous to becoming a member of Insider in February 2021, Angela labored on the Polsky Middle for Entrepreneurship and Innovation in Chicago. As a digital marketer on the in-house communications and programming group, she supported startups and people seeking to commercialize their analysis, companion with different corporations, or appeal to enterprise capital.

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