Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the Citi Double Cash® Card is that it has a high APR, at 18.24% - 28.24% (V). As a result, carrying a balance on the Citi Double Cash® Card is very expensive, but you can avoid this drawback if you pay your bill in full every month. That way, you won’t owe any interest.
Citi Double Cash Card Disadvantages
- High APR: The Citi Double Cash Card has a relatively high APR, at 18.24% - 28.24% (V).
- Balance transfer fee: The balance transfer fee is 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.
- Foreign transaction fee: You will be charged a fee of 3% when using your card abroad.
In addition, there are plenty of other disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
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People also ask
Is it hard to get a Citi Double Cash Card?
It is not hard to get the Citi Double Cash® Card because it only requires good credit, which means we recommend a credit score of 700+ gives you good odds of getting approved. Most credit cards with such attractive rewards, rates and fees require good or excellent credit.
In order to get the Citi Double Cash Card, you will have to meet the credit score requirement, have a steady income, and be at least 18 years old. You’ll also need...
read full answer by Lisa Cahill, Credit Cards ModeratorHow much is the Citi Double Cash annual fee?
The Citi Double Cash Card annual fee is $0. The combination of no annual fee and great cash back rewards on all purchases really helps the Citi Double Cash Card stand out from its competition. It’s not the only fee you need to worry about with the Citi Double Cash Card, though.
Citi Double Cash Card Fees
- Cash Advance Fee: 5% (min $10)
- Foreign Transaction Fee: 3%
- Balance Transfer Fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
- Max Late Fee: See Terms
An annual...
read full answer by WalletHub, Financial CompanyHow do I get the Citi Double Cash sign-up bonus?
The Citi Double Cash Card offers a signup bonus of $200 for spending $1,500 in the first 6 months. The current Citi Double Cash Card second bonus is the double cash itself. You get 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases), plus 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. The Citi Double Cash Card has a $0 annual fee.
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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