How much is the Citi Double Cash balance transfer fee?

Question

The Citi Double Cash Card credit limit will be at least $500 to start. It could be a lot higher than that, depending on your overall creditworthiness, but Citi doesn’t disclose a maximum. In general, though, the higher your credit score is and the more income you have relative to your existing debt obligations, the higher you can expect your credit limit to be.… read full answer

Furthermore, you shouldn’t read too much into the Citi Double Cash Card’s $500 minimum credit limit. That amount is not uncommon for a credit card that requires at least good credit for approval. If you consistently pay your bill on time, you’ll also become eligible for a credit limit increase after six months or so.

At the end of the day, all we can say for sure is that Citi Double Cash Card is one of the best cash back credit cards on the market and has a credit limit that will be at least $500. It’s definitely worth applying for if you have the good credit or better needed for approval. If you don’t get approved for the kind of limit you’re looking for, you don’t have to open an account. And you might even wind up with a higher limit if you balk at the initial number and declare your intention to walk.

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Answer 1 · 2021-04-09 16:37:52

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 04/09/21 This answer was first published on 04/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Citi Double Cash Card balance transfer fee is 3% (min $5) of each transfer. Citi Double Cash Card balance transfer fees apply both when you’re transferring balances at the 0% intro APR for balance transfers and after the introductory rate expires.

Citi Double Cash Card allows you to transfer balances at a promotional rate of 0% for 18 months, from when you first transfer a balance (within four months of opening an account). After that, balance transfers are subject to the regular APR, which is 13.99% - 23.99% (V), depending on your creditworthiness.

If you apply to transfer a balance when you apply for the card, you may not get approved to transfer the full amount that you ask for. The total, including transfer fees, can’t exceed your credit limit, and you won’t know what your credit limit is until you’re approved. Citibank will often reject a balance transfer request if it exceeds your available credit, or in some cases, they may adjust the transfer to an amount below the credit limit.

Or, you can wait and submit a balance transfer request after you receive your card (within four months of account opening) and know your credit limit.

Answer 2 · 2021-04-09 04:40:15

Benny Joseph, WalletHub Analyst

@Benjy_1 • 04/09/21 This answer was first published on 10/10/19 and it was last updated on 04/09/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Citi Double Cash Card balance transfer fee is 3% (min $5), which is not great but is on par with other rewards cards. The differentiator is the 0% intro APR on balance transfers for 18 months. That’s where Citi Double Cash Card shines.

How much is the Citi Double Cash balance transfer fee?

Bogdan Roberts, Credit Cards Moderator

Citi® Double Cash Card – 18 month BT offer

Benny Joseph, WalletHub Analyst

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