Since the typical user of this card is not spending heavily in any given category, they may want to use this card as a way to float some cash.
- 0% intro APR on balance transfers for 18 months. After that, the variable APR will be 18.24% – 28.24%
There is absolutely no hassle as long as you pay the minimum fee each month (go to the Citibank login right away and set up autopay), allowing you to accrue some quick cash if you need it.
If you’re using the intro APR, just be sure you’ve got a plan to have the cash available by the end of the introductory offer; the APR will be retroactive for anything not paid off by that time.
Other Benefits of the Double Cash Card
While this card is a fairly simple, no-frills card, there are a few more benefits worth mentioning.
First, there is no maximum to the double rewards that you can earn. Whether you spend $1,000 or $100,000 a year, you’ll still earn a total of 2% on all purchases.
Plus, your Citi ThankYou Points can be redeemed for cash-back, travel, gift cards, and more.
Double Cash cardholders can transfer their ThankYou Points to Choice Privileges at a 1:1.5 ratio and Wyndham Rewards and JetBlue TrueBlue at a 1:0.8 ratio. But, if you have a premium Citi ThankYou Rewards card like the Citi Premier® Card or Citi Prestige® Card, you can pool your points together between the cards and then transfer them to any of the full suite of Citi ThankYou transfer partners.