Travel on Points

Review: Citi Double Cash

The Citi Double Cash is one of the best credit cards out there for cash back and points-earning on everyday spend.
Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Review: Citi Double Cash

The Citi Double Cash is one of the best credit cards out there for cash back and points-earning on everyday spend.

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

The Citi Double Cash is an excellent card for those looking for cash back and to earn more points on everyday spending. Below we cover the ins and outs of Double Cash and why it deserves your attention.

Current Offer

Currently, Citi does not have a welcome offer for the Double Cash. However, new accounts have a 0% APR on balance transfers for the first 18 months. The card does not have an annual fee but has a foreign transaction fee of 3%. If you choose to apply, remember that Citi will approve you for at most one card every eight days, and two cards every 65 days.

Earn Rate

The Double Cash earns 2% cash back on all purchases. The card’s cash back comes in two steps: you receive 1% cash back when you make a purchase, and 1% when you pay it off. The are no annual or lifetime caps on earning 2% cash back. If you have a card that earns ThankYou points, like the Citi Premier or the Citi Prestige, you can convert your cash back rewards into ThankYou points. Like other transferable points currencies, Citi ThankYou points can yield incredible value when transferred to airline partners.

Our Analysis

The Double Cash is an excellent card on its own because of the 2% cash back. But when paired with the Citi Premier or the Citi Prestige, the Double Cash becomes a ThankYou points workhorse that earns 2x points on every purchase. The lack of a welcome bonus is the Double Cash’s biggest downside, and probably why a lot of folks ignore this card. The silver lining here, though, is that you would not have a minimum spend amount to meet, which lets you use this card only for everyday spending to maximize your points earning.

The Double Cash also competes well against similar no-annual fee cards from Chase and Amex. Neither Chase nor Amex have any cards that match the Double Cash’s earning potential from everyday spending. The Chase Freedom Unlimited only earns 1.5x on purchases, and the Amex EveryDay card earns at most 1.2x (but to earn 1.2x, you have to make 20 transactions during that billing cycle, otherwise you earn only 1x). Even the Amex EverDay Preferred, which has a $95 annual fee, earns at most 1.5x.

Lastly, the flexibility to use the Double Cash’s rewards as either cash back or converting into ThankYou points is particularly helpful during the ongoing travel restrictions due to COVID-19.

Final Thoughts

The Double Cash is a must-have for those looking to earn Citi ThankYou points. When paired with the Citi Premier or Prestige, the Double Cash is an excellent backstop to help you earn multiple points per dollar on every single purchase. The card’s lack of a welcome bonus is unfortunate, but this card is still a great addition to any ThankYou points enthusiast. The added flexibility to use the Double Cash’s rewards to either convert them into ThankYou points or use as cash back is an added benefit that many are sure to enjoy.

What role does the Citi Double Cash play in your points-earning strategy? Be sure to share on our Facebook group, where you can learn how other members are maximizing this card’s potential.

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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