CITI DOUBLE CASH CREDIT CARD REVIEW!
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- เผยแพร่เมื่อ 28 มิ.ย. 2024
- The Citi Double Cash credit card is VERY well known as an easy-to-use cash back credit card with no annual fee. Click "Show More" to see Ad Disclosure.
That makes it one of the best credit cards for beginners (later in your first year after building with a secured credit card or other option) and also one of the best cash back credit cards you can use either as an all-in-one card, or to maximize your non-bonus spend (i.e. the things that don’t earn more than 1.0% - 1.5% cash back on other credit cards).
💳👉VIEW CREDIT CARD OFFERS!
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🛍 RAKUTEN - Earn Cash Back!
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SIGNUP BONUS - NOV. 2020
N/A, but you do receive 0% APR for 18 months on balance transfers.
CASH BACK - EARNING
Earn 1% cash back when you buy
Earn 1% cash back when you pay
CASH BACK - REDEEMING
Redeem your cash back rewards in 1 of 4 main ways:
- Convert cash back to Citi ThankYou points
- Statement Credit
- Direct Deposit
- Check By Mail
*Note: The minimum redemption requirement for the cash back options is $25.00
ANNUAL FEE
$0
CITI DOUBLE CASH THANK YOU POINTS - CONVERTING
You can convert your cash back into points in the Citi rewards portal. You’d want to consider doing this if you like travel rewards AND also have the Citi Prestige Card and/or the Citi Premier Card. Those 2 premium credit cards will unlock the ability to use Citi Transfer Partners (i.e. convert your points into airline miles of other programs). In a way, this makes the Citi Double Cash Card function a lot like the Capital One Venture Card, which earns 2X miles on all purchases.
CITI TRANSFER PARTINERS - NOV. 2020
Aeromexico Club Premier
Air France-KLM Flying Blue
Avianca LifeMiles
Cathay Pacific Asia Miles
Emirates Skywards
Etihad Guest
EVA Air Infinity MileageLands
Jet Airways JetPrivilege / InterMiles
JetBlue TrueBlue
Malaysia Airlines Enrich
Qantas Frequent Flyer
Qatar Airways Privilege Club
Singapore Airlines KrisFlyer
Thai Airways Royal Orchid Plus
Turkish Airlines Miles&Smiles
Virgin Atlantic Flying Club
WHAT ARE CITI THANKYOU POINTS WORTH?
1.7¢ ea. toward Travel Via Transfer Partners (on average | 10,000 points = $170)
1.0¢ ea. toward Travel Via Citi ThankYou Portal (10,000 points = $100)
0.5¢ ea. for Cash Back (10,000 points = $50 | Exception: 1.0 ea. for Cash Back ONLY with Citi Prestige Card)
WHAT THIS ALL MEANS
- Stay with Cash Back if you want cash back rewards
- Convert to Citi ThankYou Points if you want travel rewards AND have Citi Premier Card and/or Citi Prestige Card
GOOD TO KNOW
You can apply for 1 Citi personal credit card every 8 days, up to 2 Citi personal credit cards every 65 days.
SHOULD YOU GET IT?
YES if you…
- Prefer cash back rewards
- Prefer travel rewards points AND have Citi Premier Card or Citi Prestige Card
- Want a credit card with no annual fee
- Want to maximize non-bonus spend
- Want a credit card to build credit (over the long term as a keeper card)
NO if you…
- Have another 2% cash back credit card
- Prefer travel rewards but don’t want to add an annual fee credit card
- Prefer travel rewards but don’t value Citi’s transfer partners
OTHER CARDS TO CONSIDER
A few other cash back credit cards to use alongside the Citi Double Cash include the Amex Blue Cash Everyday Card, either the Chase Freedom Unlimited or the Chase Freedom Flex, and the Bank of America Cash Rewards Card. If you want to travel the world for free, then the Capital One Venture credit card could be a good alternative too because you get access to a lot of airline transfer partners with just that one card alone.
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #cashback #citidoublecash - แนวปฏิบัติและการใช้ชีวิต
👉 *UPDATES 3.28.2022:*
(a) Cash back rewards are now issued as Citi ThankYou points, where 1 point = 1¢ ($0.01). Example: $100 = 10,000 points, and vice versa.
(b) The minimum redemption amount of $25 has been eliminated. You can now redeem any amount you like, including 1 point for $0.01.
Oopsies, I think you meant to type $100 = 10,000 points! 🙃
@@SaintMortichai - I sure did, thanks for catching that! Edited 👍
Great video!
Glad you enjoyed it, Miguel!
I really liked this video I was approved for this card a week ago and im glad that I was able to get more info on it.
Glad to hear it Kevin! Enjoy the new card 😃👍💯
I'm interested in this one..have a CO Visa and Amex, all with 0 balances..just need a MC and discover I guess..im just really getting the hang of this numbers thing after focusing and building my credit all of 2019...thanks for the info..I'm learning all I can to make my numbers work for me
Awesome! 😃💯💳 Which Capital One card do you have - and which Amex card?
@@MarkReese Venture & Blue cash...is Citi a smart way to go?
@@ltetobago - Nice great cards both of them 👍 Minus the fact that their tech is pretty outdated, Citi has been great to work with overall. Got my 1st card with them back in 2015 and have had a good experience. However, rather than focusing on the bank, I suggest focusing on the card itself. The best approach is to get the cards that earn high rewards in the areas in which you spend the majority of your money 💳
- i would highly recommend the chase Freedom flex if you want a MC. Its a world elite MC & comes withe cell phone insurance
- the citi dc is good too. I love mine.
One more point you should have mentioned. Citi allows product changed between personal card product line. You can downgrade any other Citi card to the Double Cash. I plan on product changing my Citi AA Platinum Select to the Double Cash in July 2021.
Excellent point Terrance! 😃💯
One of my favorite cards. i use to pay all my utilities, medical, automotive, & insurances expenses not covered by my category cards. I easily earn $30 - 40 a mth in cashback from this card alone!
A great way to use it! 😃💯 $30-$40 per month off one card is great!
Utilities I can see but how do you do this with Medical? This not pulled through your job? Automotive used through bank lender? Usually see them use their own payment system "powered by such and such" or old school mail but it's 2020. Insurance specify car, life, home etc what type. Been rejected when called on various of these things and curious on how you "did it" since you said "use to" guessing no longer going off of that.
@@lastprophet5969 - i basically use my citi DC card for all my monthly non-category spend. For example:
kids daycare payments
oil changes, tires, car parts, car washes, etc
auto insurance payments
storage unit rental
cell phone bill
cable bill
electric bill
medical or dental copayments
Pretty much anything that accepts a credit card payment that is not covered by 1 of my other category cards, i put on my citi DC. It usaully equates $1,200 - $1,400 a mth in spend.
@@docsays Appreciate the reply similar payments but they don't accept credit for some reason. Goal is to pay everything with credit if possible with which cards most benefit. Was leaning to plastiq and similar companies. Don't like this new fintech trend companies with no history like large banks & unions with some hundreds of years of experience.
@Sandra Mary - fake
Hi Mark, aside from this card and US Bank Visa +, what other cash back credit cards offer direct deposit?
Hey John - I don't have a list of them; it'd be quite long I'm sure 😁👌
I’m planning to get this maybe after I’m full on my 5/24 and Amex lol 😂
Yep focus on Chase first! 😁👌
I like to redeem for thank you pts! And rack them up
Then this is a great card to have! 🙌
How often do you apply for new credit cards and how many do you apply for?
Nowadays I may apply for 1 new credit every 3-4 months on average.
i like to wait at least 6 mths, longer if i can.
How soon can you product change with citi? Can I get the custom cash, get the sign up bonus then product change to this after a couple months ?
Hey Eric! The typical wait time is 1 year for a product change to occur. However, exceptions do exist, so I'm not sure if Citi allows product changes before then. Do you have an existing Citi card?
What’s the minimum score to have to get approved and where do they pull from
The min. score required for the Citi Double Cash Card isn't published, so we don't know. Also, the bureau varies based on where you live. That said, I recommend having a score of 720+ to have the best chance for this card. You can check the CreditBoards website to see what Citi might pull in your area: creditboards.com/forums/index.php?/creditpulls
Hey Mark, I know I had probably asked or mentioned before but does the Citi DC does earn TY points similar to how the CFU earns UR points? I had the Citi DC in 2016 but closed it. I'm considering reapplying again in March 2022. Do you think it's possible to reopen the Citi DC card or just apply as a new applicant? As always, thanks for responses!
(1) The Citi Double Cash earns regular cash back (dollars, cents), but you can convert your rewards into ThankYou points when desired.
(2) Re-opening your Citi Double Cash account from 2016 is not an option. You'll need to reapply via new application
@@MarkReese I know this is a 3 month old comment but like I said before in previous comments on other videos I had in interest in other cards like the BofA Customized cash rewards. I currently have the Chase Trifecta with the CSP, CFF, CFU and a Discover Card with the 5% rotating categories. I think I'm happy with that but I kinda want to get the possibly cards from other issuers except AMEX since they r not accepted everywhere and I have the Discover since it's my first credit card so I have to keep that, it will be 10 year old account in two days from now. It's hard to debate for me between Capital One and Citi. I've heard C1 isn't too generous with CLI and does a triple pull but that No Foreign Transaction Fee on all their cards interests me. If I was going to get 1 C1 card I would pick the Quicksilver. But in Citi terms I would most likely get the Citi DC and Custom Cash, of course I would have to reapply for the DC as a new applicant. I may still consider getting the DC and CC at some point but I'm not sure if I want to keep track of multiple credit cards and 2 different ecosystems. I'm not interested in the Citi Premier since I'm mostly interested in cash back and not interested in paying a second annual fee. What's your opinion on having the Chase Trifecta with the CSP and having the Double Cash and Custom Cash in the wallet to have Citi compete with Chase? I already have all 3 of the personal Chase UR cards I want so maybe it's time to get cards from other issuers. 😁
@@caribdude8151 - Are you interested in travel rewards? Cash back? Or both?
@@MarkReese For the Chase Trifecta that I have I'm interested in either Travel or Cash Back, I don't mind paying the 95 fee for the CSP even if I happen to travel a little. but for the Citi DC and Citi Custom Cash i'm leaning towards Cash back since I'm not interested for another annual fee card. I'm cool with just cash back on the Citi Cards. Maybe it's best if I just stick with my chase trifecta and discover IT card than be thankful for what I have than keeping up with more credit cards and a different ecosystem, especially since CIti has removed some benefits from their cards 🤔
@@caribdude8151 - Great. As long as both card ecosystems cover non-overlapping categories in which you spend, go for both! 😃👍
What are your opinions of waiting on this one for a year and applying now for a Quicksilver Rewards Card for Good credit, wait and graduate that one to the excellent credit version in the future, and after the year, applying for this one with a hopefully higher credit score?
Hey Pedro! Have you already started your credit journey? If so, which card do you have, and how long have you had them? 😃
@@MarkReese I've had the discover it for 6 months and I have Good credit. Been waiting for 6 months to apply for a second one. After this application I'm going to wait 1 year before getting another card.
@@pedromiranda7346 - Great! I think your strategy is a good one 😃👊 When do you plan on applying for the C1 Quicksilver Rewards for Good Credit?
@@MarkReese Probably in the next few days or in the next week, hopefully I get accepted!! I've been binging your videos and some others to help me make this choice. Thank you man!
@@pedromiranda7346 - You got it! Good luck on the application & let me know the result! 😃💯
Because there is no sign up bonus, apply for the Citi Premier when you have a big expense coming up, then downgrade to the Double Cash after 1 year
GREAT way to do it! 😎👊💯
That's only good, if you're into travel. If you're a cash only person, the premier is eh. The Premier / prestige CSP /CSR are more complementary cards to the no A/F cards.
I know a lot of people like this card, but No sign up bonus is a HUGE turn off for me. I have a ton of Credit Cards and I'm not sure I will ever get this one
Makes total sense man! 💯 A signup bonus on a 1.5% cash back card can put it wells ahead of a 2% cash back card with no bonus - at least for awhile 👍 Which card(s) are you using at the moment?
@@MarkReese Just got the Jetblue Plus card. 100k sign up bonus. Working on hitting the minimum spend.
I feel the Jetblue plus card is one of the most underrated cards out there.
@@jpknowledge8852 - HECK YEAH CONGRATS MAN! 💯🥇✈️ Great that you got it w/ the record-high welcome offer; next trip is gonna be right around $0 for ya 😁👌
Hi Mark I’m 18 years old & just getting my foot in the credit card game,I was curious can the citi double cash back card be my very 1st credit card or no?do I need a secured card please help!
Hey Josh! Welcome to the credit game; awesome that you're interested in getting things going 😃👊 The Citi Double Cash card is not ideal for Card #1. I'd suggest waiting until you have 1+ years of credit built up and a score in the high 600s (at least); ideal would be 700s.
To clarify, do you have credit built up already from any sort of financial products on your credit report?
@@MarkReese thanks for commenting back its much appreciated but no so I have no credit & no history at all this will literally be my first step into the financial game & so I understand because I’ve been no absorbing all your videos & finance videos in general would the discover it card be a good very 1st card choice?& love the videos btw : )
@@joshjesse1195 - Got it. Are you enrolled in university?
@@MarkReese no iam not & dont plan on it any tips?
@@joshjesse1195 - Consider the Discover it Secured credit card to start 💯
I just applied and got approved for $1,700 with no sign up bonus with the Double Cash.
Congrats on the approval! 💥
Anyone have personal experience of when citi does credit limit increases? Just opend my card today with a modest $6200 starting balance first citi card.
Not sure if there's a set timeline; I rarely receive credit-limit increases from any issuer automatically anymore 😄 However, you could request a CLI with Citi from your online account after you've had the card ~ 6 months 👍 Citi's online process is quite simple; I've used it several times.
@@MarkReese Yea I was reading something about 6nmonths on a forum, but was hoping they did 3 months 😅 I'll have to see if I'm lucky enough to still get automatic increases.
Thanks 👍🏼
@@itsgetnmeza - Report back if Citi treats ya with a CLI surprise! 🏆
Thank you for properly pronouncing the word "button". So many TH-camrs mispronounce it as "buh-un". Annoying.
You're welcome 😄👊
👍👍
💯
So I’m disappointed because I was going to pay $850 towards my rent online. I realized there is a $25 service fee!! Would it be worth it? How would I find out if I could still profit? This is the card I have by the way.
Great card & great that you have it! Since you could earn up to 2% cash back on an $850 purchase, that would be (0.02)x($850) = $17 of cash back. So you would end up paying a $25 fee to earn that $17 of cash back for a net loss of $8. Not worth it 😁✌️
@@MarkReese I’m really getting the hang of this. I appreciate your swift replies!
@@valueplus4814 - So glad to hear it! Happy to help 😃🏆
Can I see the numbers at the back of your card? I just want to make sure if it’s the same as mine. 😜
😂✌️
Im new to this card, I spent around $180 the first month and I paid it back already and I don’t see any points or cash back offers.. I’m a bit confused, did I do something wrong?
Hey Rachel! Congrats on getting the card 😃 Are you on desktop/laptop or on mobile? Also, do you see the area where you're supposed to see a cash back balance?
@@MarkReese I am on mobile, specifically on the app. Yes the balance on the cash back just says $0.
@@raacchiiee - Got it. How long have you had the card?
*Who already has the Citi Double Cash Card?* 😃💳
I love me my DC. Spend, pay and receive and then you add citi’s generous CLI w proper use. Makes it a great card.
@@ca6vtec - Yep! Love mine too! 💯
I have the Discover It Cashback card, would getting this one be redundant since they are both rewards cards? I've been looking to get a second card but not sure where to start. looking.
@@rayr8530 the discover it card is great, but it's essentially a 1% cash back card when you're not taking advantage of the rotating categories. The DC simplifies it for you. 2% on everything. Plus you get some of few benefits left w the Citi card, like cell phone protection if you pay your bill w the DC. Another option if you like using the 5% quarterly would be the freedom flex. You get the same quarterly categories as the discover but you also get 3% on some other categories like restaurants I believe and 5% on groceries for a year.
@@rayr8530 - Not redundant. They work well together. Use the Discover it Cash Back Credit Card for the current 5% category, but then use the Citi Double Cash for other purchases (because the Discover card would only earn 1% on those) 😎👍
$0 on foreign transaction fees?
The Citi Double Cash card charges a 3% foreign transaction fee 👍
Seems like a good card. Still want that Amex Cash Business Card.
The reconsideration team could be kinder than you think 😁
@@MarkReese really?
@@Xtremeproducts - Yep. I can’t guarantee anything of course. But just a few days ago someone told me they were denied for the Chase Sapphire Preferred. They called retention, answered some questions and mentioned why the card was important to them, and end up receiving an approval 💯 Ya never know until ya give it a go!
@@MarkReese what are some good things to tell them why I need it? I think I'm going to call them tomorrow.
@@MarkReese I can't call the retention center because I never got the card. I was denied