The Double Cash card is an excellent option for those who are looking for a no annual fee card that offers a simple, but strong, point-earning structure and flexible redemption options.
While there is no cash value sign-up bonus, you do get an introductory APR.
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.
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.
Having no specific focus allows you to comfortably and easily earn with your Citibank rewards card. You simply earn 1% cash-back when you purchase, and 1% cash-back when you pay it off.
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 cash-back that you can earn. Whether you spend $1,000 or $100,000 a year, you’ll still earn a total of 2% cash-back.
Plus, if you don’t want to receive cash-back rewards, you can convert them to Citi ThankYou Points. Citi ThankYou Points can be redeemed for travel, gift cards, and more. This effectively allows cardholders to choose between earning cash-back or ThankYou Points on their purchases.
When you consider that the Double Cash Card does not charge an annual fee, being able to earn cash-back or Citi ThankYou Points is rather exceptional!
Bottom Line: For hassle-free, easy rewards, the Double Cash card is one of the most valuable credit cards currently on the market.