Citi® Double Cash Card – 18 month BT offer
On Citibank's Secure Website
Citi® Double Cash Card – 18 month BT offer
On Citibank's Secure Website

Citi® Double Cash Card: Outstanding cashback rewards, few other benefits

Citi® Double Cash Card: Outstanding cashback rewards, few other benefits

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Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

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Cashback credit cards are an excellent way of saving money each month on your expenses. And leading the way for this category of credit cards is the Citi® Double Cash Card – 18 month BT offer. The card offers an outstanding cashback rate without having to track specific spending categories. However, the card doesn’t offer many additional benefits like other cashback credit cards do.

Citi® Double Cash Card – 18 month BT offer: A profitable card without any exclusive benefits

With a market-leading cashback rate for your purchases, the Citi® Double Cash Card – 18 month BT offer is a great option for consumers looking to save on their daily purchases.

Up to 2% cashback earnings

The Citi® Double Cash Card – 18 month BT offer is a simple, but effective credit card to help you save money on your expenses. The card lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

This is one the highest cashback rates (for non-category spending) among currently available credit cards. For this sole reason, the Citi® Double Cash Card – 18 month BT offer is a great product to consider for your wallet.

Citi® Double Cash Card – 18 month BT offer

On Citibank's Secure Website

$0

13.99% – 23.99% (Variable)

660 - 850

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.

Flexible cashback redemptions

When you earn cash back, you can choose to receive that cash back in a number of different ways, such as:

  • Statement credit
  • Direct deposit/check
  • Convert to Citi ThankYou® points

While there is nothing wrong with taking a statement credit or check, converting your cash back to Citi ThankYou® points can be a great option for upcoming travel. If you own a premium travel card from Citi — such as the Citi Premier® Card — you can transfer these points to one of Citi's many transfer partners, including more than a dozen domestic and international airlines.

Thus, the Citi® Double Cash Card – 18 month BT offer combines the flexibility of a cashback credit card, and travel rewards credit card in one product.

0% intro APR on balance transfers

If you are approved for the Citi® Double Cash Card – 18 month BT offer, you'll have an intro APR of 0% for 18 months on Balance Transfers (then 13.99% – 23.99% (Variable) thereafter). This is a very long introductory period that can help you consolidate and pay off your credit card debt if you are carrying a lot of revolving debt. Note, you will be charged a balance transfer fee of There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening. This is a standard fee for a balance transfer, and you'll likely make up for the fee with your savings on interest over time.

No sign-up bonus, but good long-term value

One big drawback of the Citi® Double Cash Card – 18 month BT offer is its lack of a sign-up bonus. Cashback cards frequently offer a $100 to $200 bonus to new cardholders who spend a specified amount of money in the first few months — the Citi® Double Cash Card – 18 month BT offer doesn't offer any such incentives.

This can be discouraging, but the long term value of the Citi® Double Cash Card – 18 month BT offer can outperform an initial bonus.

ValuePenguin's Verdict: One of the best cashback cards available

The Citi® Double Cash Card – 18 month BT offer is a perfect product for saving money on your daily purchases. Whether your monthly balance is large or small, you will earn cash back that you can use to pay down debt, convert into valuable Citi ThankYou® points or put away in a savings account.

Unfortunately, the Citi® Double Cash Card – 18 month BT offer is lacking in benefits that come on many cashback cards, such as car rental insurance and extended warranties. Citi eliminated such benefits on most of its cards in September 2019, leaving the Citi® Double Cash Card – 18 month BT offer pared down to its rewards program and balance transfer offer. As a simple tool for earning a lot of cash back, the Citi® Double Cash Card – 18 month BT offer is a winning option. For more substantial benefits, you'll need to look to other cards.

How does the Citi® Double Cash Card – 18 month BT offer compare to other cards?

Less cash back, but a better bonus

On Capital One's Secure Website

The Capital One Quicksilver Cash Rewards Credit Card is a great competitor to the Citi® Double Cash Card – 18 month BT offer. The card comes with a slightly lower cashback rate of 1.5% Cash Back on every purchase, every day. However, the card also comes with a valuable sign-up bonus. You will earn a one-time One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. That makes the Capital One Quicksilver Cash Rewards Credit Card more valuable than the Citi® Double Cash Card – 18 month BT offer, at least for the first year.

For the long term, however, the Citi® Double Cash Card – 18 month BT offer is the better value. As you can see from our table in the previous section, cardholders who spend at least $30,000 over time will come out ahead with the Citi® Double Cash Card – 18 month BT offer.

Bonus cash back for spending on quarterly categories

On Chase's Secure Website

The Chase Freedom Flex℠ is famous for its rotating 5% cashback calendar. Cardholders can Earn 5% cash back on eligible purchases in rotating categories, 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. This is great to maximize your cashback potential, but a downside for cardholders who value simplicity, since you have to remember to enroll in the categories each quarter.

The Chase Freedom Flex℠ also comes with a simple sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. And if you need payment flexibility, the card has an APR of 0% Intro APR on Purchases for 15 months (14.99% - 24.74% Variable APR thereafter).

The card also comes with benefits for DoorDash and Lyft. You will receive a complimentary DashPass subscription for three months, with unlimited free deliveries on orders over $12. After the three months, you'll get a 50% discount on the service for the next nine months. As for Lyft, you will earn 5% cash back on Lyft rides through March 2022.

Big cash back potential for a modest annual fee

See Rates & Fees. Terms Apply. On American Express' Secure Website

The Blue Cash Preferred® Card from American Express is an excellent option for maximizing your expenses with specific spending categories. When you spend on the Blue Cash Preferred® Card from American Express, you will earn:

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. Rewards can be redeemed for statement credits.

Unlike the cards previously mentioned, this card does have a $0 introductory annual fee for the first year, then $95 annual fee. While paying an annual fee for a cashback card might seem counterintuitive, it may be well worth it. We suggest that you run the numbers on your yearly expenses, looking closely at how much you spend in the Blue Cash Preferred® Card from American Express's bonus categories. If your estimated cash back is greater than the card's annual fee, it may be an investment worth making.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

Does the Citi® Double Cash Card – 18 month BT offer have foreign transaction fees?

Yes, the card has a 3% foreign transaction fee.

Does the Citi® Double Cash Card – 18 month BT offer have an annual fee?

No, the card does not have an annual fee ($0).

Is the Citi® Double Cash Card – 18 month BT offer a World Elite Mastercard?

No, the card is not a World Elite Mastercard and doesn't offer World Elite benefits.

Is the Citi® Double Cash Card – 18 month BT offer a Mastercard or Visa?

The card is a Mastercard.

What is the credit limit on the Citi® Double Cash Card – 18 month BT offer?

The credit limit you receive on the card varies, based on your creditworthiness. Some limits may be as low as $500.

Does the Citi® Double Cash Card – 18 month BT offer have extended warranty?

No, it does not. However, many other Citi credit cards offer extended warranty.

Do Citi® Double Cash Card – 18 month BT offer rewards expire?

Yes, rewards you earn from the card expire after 12 months of inactivity, so be sure to keep using your card or redeem your rewards before they expire.

Where is the Citi® Double Cash Card – 18 month BT offer accepted?

The card is accepted anywhere that Mastercard is accepted.

Does the Citi® Double Cash Card – 18 month BT offer card have travel insurance?

No, the card does not have travel insurance.

Does the Citi® Double Cash Card – 18 month BT offer cover rental car insurance?

No, the card does not come with any rental car protections.

Does the Citi® Double Cash Card – 18 month BT offer have Price Rewind?

No, the card does not have a Price Rewind feature. The Price Rewind benefit was removed from all Citi products that offered it, effective in September 2019.

What credit score do you need for the Citi® Double Cash Card – 18 month BT offer?

To qualify, you will need an Excellent/Good credit score.

The information related to the Chase Freedom® has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

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