Citi Double Money card overview: Easy rewards and a couple of% money again on all the things

Citi® Double Money Card overview

The Citi® Double Money Card is without doubt 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’s tough to beat this no-annual-fee card. Plus, you possibly can convert your rewards to fully-transferable ThankYou factors with one other card. Card ranking*: ⭐⭐⭐⭐

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

The Citi Double Money Card is without doubt one of the finest cash-back playing cards as a result of it earns as much as 2% money again on all purchases — 1% while you make a purchase order, plus 1% as you pay that buy off — with no annual payment.

Money again is routinely earned within the type of ThankYou factors, permitting for extra versatile utilization of your hard-earned rewards. Moreover, in case you additionally maintain a Citi Premier® Card or Citi Status® Card (not out there to new candidates), you possibly can convert your money again to totally transferable ThankYou factors for greater worth.

Let’s take a more in-depth have a look at the Citi Double Money.

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.

Citi Double Money welcome supply

There may be at present no welcome supply for money again on the Citi Double Money.

Nevertheless, the cardboard is providing an introductory 0% annual proportion charge (APR) for the primary 18 months from account opening for stability transfers. Notice that you could switch a stability throughout the first 4 months to be eligible for the introductory 0% APR, and also you’ll must pay a stability switch payment of three% of every switch (minimal $5). After that, your payment might be 5% of every switch (minimal $5).

After the introductory APR interval, the variable APR is eighteen.49%-28.49% primarily based in your creditworthiness.

Join our every day e-newsletter

Notice that you just received’t earn money again on stability transfers. For those who switch a stability, curiosity might be charged in your purchases until you pay your whole stability (together with stability transfers) by the due date every month.

Associated: One of the best 0% curiosity bank cards


Incomes rewards with the Citi Double Money

Cardmembers earn 1% money again once they purchase and 1% once they pay for his or her purchases. Nevertheless, money again might be routinely earned within the type of ThankYou factors (with restricted transferability).

This card is common with many cardholders as a result of its incomes charge is constant. There are not any class bonuses and no restrict on the money again you possibly can earn.

Your card account should be present to earn rewards. This implies you could pay a minimum of the minimal cost due by the primary day of every billing interval — though it’s finest observe to at all times pay your assertion in full, if attainable. Additionally, your money rewards stability will expire when you’ve got not earned any money again on purchases or money again on funds for 12 months. Notice rewards received’t expire so long as the account is open.

Associated: One of the best cash-back bank cards

Redeeming rewards with the Citi Double Money

Traditionally, the Citi Double Money Card solely earned cash-back rewards, with three choices to acquire money again as soon as your money rewards stability reached a minimum of $25; now, cardmembers don’t must hit that minimal quantity to redeem.

Moreover, the worth of this card elevated in March 2022 when Citi introduced that it could earn ThankYou factors routinely. That opens up quite a lot of choices, that are detailed under.

Redeem for money again

If you need the only redemption choice, that is the one to go for. Every ThankYou level equals one cent in money again. You’ll be able to request this money again as a press release credit score or direct deposit (no minimal). Alternatively, you possibly can obtain a verify within the mail ($5 minimal).

Switch to loyalty companions

For those who don’t have the Citi Premier or Citi Status card, you’ll solely have the choice to switch to a few loyalty companions — Alternative Privileges, JetBlue TrueBlue and Wyndham Rewards — none of which supply very excessive worth.

Nevertheless, in case you even have the Citi Premier or Citi Status, you possibly can mix the ThankYou factors out of your Citi Double Money Card with the ThankYou factors from considered one of these playing cards. While you do that, you’ll be capable to use your ThankYou factors as in the event that they have been earned by your Citi Premier or Citi Status, together with transferring your factors to Citi’s slate of airline and resort switch companions.

Primarily based on TPG’s valuation of Citi ThankYou factors at 1.8 cents every, this implies you possibly can earn an efficient 3.4% return while you purchase and pay along with your Citi Double Money Card. That is one of the best ways to get worth out of factors earned on this card.


Associated: Redeeming Citi ThankYou Factors for optimum worth

Different redemption choices

You may as well redeem your ThankYou factors for reward playing cards or use them to buy by means of Citi’s on-line buying and journey portals.

Lastly, if you wish to share your ThankYou factors, you are able to do so by sharing them with one other ThankYou factors person or redeeming them for a charitable contribution.

Citi Double Money advantages

Sadly, the Citi Double Money Card doesn’t supply many different standout advantages or perks. Right here’s what you’ll get:

Notice that the Citi Double Money does incur international transaction charges when utilizing it overseas, so you may need to ensure that to have an alternate card to swipe when touring exterior the U.S.

Which playing cards compete with the Citi Double Money?

There are a selection of no-annual-fee bank cards with cash-back rewards that stack up with the Citi Double Money.

For extra choices, take a look at our full record of the very best cash-back playing cards.

Learn extra: Bank card showdown: Citi Double Money vs. Chase Freedom Limitless

Is the Citi Double money price it?


The Citi Double Money is a good selection in case you’re in search of easy cash-back rewards with out having to fret about spending classes. Nevertheless, in case you can pair it with one other Citi card, you may maximize the worth of its rewards.

Backside line

For those who’re in search of a cash-back bank card the place you don’t have to fret about class bonuses and determining the very best bank card to make use of for every buy, the Citi Double Money Card might very nicely be the correct card for you. Getting this card can be an effective way to spherical out your incomes technique if you have already got the Citi Premier Card, Citi Customized Money℠ Card or Citi Rewards+® Card to maximise your Citi ThankYou factors.

Apply right here for the Citi Double Money Card

Further reporting by Emily Thompson, Ryan Wilcox, Chris Dong, Stella Shon and Benét J. Wilson.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button