5 Mistakes to Avoid With Citi Double Cash

The Citi Double Cash Card works like any other credit card, the only difference is that you must pay your card bill's in order to take full advantage of its ongoing rewards. More specifically, this card offers 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 minimum earning rate is roughly double the average for a cash back credit card.

To earn cash back, you'll have to pay at least the minimum payment. The Citi Double Cash Card rewards system is unique compared to most other rewards cards, which offer you rewards for purchases only. So, it's understandable why people are sometimes confused by how this card works.

How the Citi Double Cash Card Works

• Ongoing rewards: The card offers 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. To earn cash back, you must pay at least the minimum due on time.
• Initial bonus: $200 for spending $1,500 in the first 6 months of account opening.
• Redemption options: Cash back earnings can be redeemed as checks, statement credits, and direct deposits to your bank account. You can also redeem your rewards for gift cards, travel, and through the “Shop with Points” feature at com, among other options.
• Rewards expiration: Cash rewards do not expire as long as your account remains open and in good standing.
• Intro balance transfer APR: 0% for 18 months
• Balance transfer fee: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
• Regular APR: 18.24% to 28.24% (V). This rate is applicable to all purchases, but also to balance transfers once the intro transfer APR expires.
• Cash advance APR: 29.49% (V)
• Cash advance fee: 5% (min $10)
• Foreign transaction fee: Charges a 3% for purchases made while traveling outside the U.S. or through any internationally-based merchants.
• Annual fee: $0
• Minimum credit required: Good credit at a minimum

With its $0 annual fee, the Citi Double Cash Card costs are minimal, unless you carry a balance from month to month. Or, in the case of balance transfers, after 18 months, which is when the introductory balance transfer APR wears off. Its low costs coupled with its great 2 - 5% cash back rewards make the Citi Double Cash Card a great option for everyday spending.

Yes, Citi Double Cash actually gives 2% cash back on purchases. The card gives 1% when you buy and 1% as you pay for those purchases as long as you pay at least the minimum amount due every billing cycle. Plus, you can earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. 

The second half of the 2% only applies to the amount you repay to Citi each month. That...

The Citi Double Cash Card balance transfer 0% intro APR is for 18 months. After that, the variable APR will be 18.24% - 28.24% (V), based on your credit standing.

It is also worth noting that there is a balance transfer fee of 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.

Here's how to do a Citi Double Cash Card balance transfer:

If you are a new applicant, you can do a balance transfer by completing the balance transfer portion on your Citi Double Cash Card application. If you are an existing...