Hyperlink: Apply now for the Citi® Double Money Card
The Citi Double Money Card (overview) might be my favourite no annual charge card. For the previous a number of weeks, the cardboard has been providing a publicly accessible welcome bonus, which is the primary time I can recall the cardboard having such a bonus. It is a heads up that this supply shall be ending quickly (I can’t share a precise date, however I’d advocate making use of ASAP), so this is a perfect time to select up the cardboard.
The Citi Double Money has a welcome bonus
The Citi Double Money Card has a welcome bonus of 20,000 ThankYou factors after spending $1,500 throughout the first six months. That’s a really cheap spending requirement, particularly since you may have six months to finish it. As talked about above, this can be a restricted time bonus, and the supply shall be ending quickly.
These 20,000 ThankYou factors can both be redeemed for $200 money, or can probably be transferred to Citi ThankYou airline & resort companions, along side the Citi Premier® Card (overview).
Citi’s normal bank card software insurance policies apply, essentially the most vital of which is you can be accredited for at most one Citi card each eight days, and two Citi playing cards each 65 days. It is a rolling restrict. Word that eligibility for this bonus is unrelated to eligibility for every other Citi card, so there’s no 24 or 48 month rule to fret about right here.
Why you need to get the Citi Double Money
Plain and easy, the no annual charge Citi Double Money Card is without doubt one of the greatest bank cards for on a regular basis spending. On essentially the most fundamental stage:
- The cardboard presents 1x ThankYou factors once you make a purchase order, and 1x ThankYou factors once you pay for a purchase order, supplying you with the chance to earn as much as 2x ThankYou factors on purchases
- Every ThankYou level will be redeemed for one cent money again (towards a press release credit score or direct deposit) with no minimal redemption quantity
For these of us into miles & factors, it will get higher than that, although. When you’ve got the Citi Double Money Card along side the Citi Premier Card, then factors earned on each playing cards will be transferred to Citi ThankYou airline & resort companions at a 1:1 ratio. That primarily makes the Citi Double Money a no annual charge card incomes 2x transferable factors.
Lastly, needless to say having extra bank cards in the long term might help your credit score rating. It will increase your common age of accounts, and will increase your complete accessible credit score, which might help decrease your credit score utilization. You may’t beat holding onto no annual charge playing cards in the long term that not solely assist your credit score rating, however may give you worth. That ought to be half of the explanation you contemplate selecting up this card.
What’s one of the best technique to take with Citi?
I contemplate the Citi Premier Card and Citi Double Money Card to be among the best bank card duos on the market. For the low $95 annual charge of the Citi Premier Card you get the next:
- The Citi Premier Card presents 3x factors on eating, gasoline stations, groceries, airfare, and lodges, whereas the Citi Double Money Card presents 2x factors on all different purchases
- The Citi Premier Card presents a $100 annual resort credit score by way of the Citi ThankYou Journey Portal, which you should utilize on a resort keep of $500 or extra (earlier than taxes and costs)
- By having each playing cards you may switch all of your factors to Citi ThankYou companions, starting from Emirates Skywards, to Singapore KrisFlyer, to Virgin Atlantic Flying Membership
- The Citi Premier Card can also be providing a best-ever welcome bonus of 80,000 ThankYou factors after spending $4,000 throughout the first three months, making it a good time to select up the cardboard
So, what would my technique be?
- If you have already got the Citi Premier Card, I’d now apply for the Citi Double Money Card, because the card lastly has a bonus, the cardboard is nice for on a regular basis spending, and having bank cards long run is nice to your credit score rating
- Should you don’t have both card, I’d contemplate making use of for the Citi Premier Card now for the superb 80,000 ThankYou factors you may earn, after which selecting up the Citi Double Money Card in eight or extra days; this fashion you’ll have an incredible bank card duo to your spending
Backside line
The Citi Double Money Card has a welcome bonus of 20,000 ThankYou factors after spending $1,500 inside six months, which is fairly thrilling, as I don’t recall the cardboard ever having a publicly accessible bonus. Should you’ve been contemplating this card however haven’t but utilized, the bonus shall be ending quickly, so now could be the time to use.
It is a implausible no annual charge card for on a regular basis spending, and a really perfect complement to the Citi Premier Card. Should you’re not but within the Citi ThankYou ecosystem, there has by no means been a greater time to get entangled. Personally I’d begin with the Citi Premier Card, after which apply for the Citi Double Money Card eight or extra days later.
Any OMAAT readers lastly contemplating the Citi Double Money whereas it has a welcome bonus?
