Intro Balance Transfer APR0% intro for 18 months on Balance Transfers.
Balance Transfer Fee There is an introduction balance transfer fee of 3% of each transfer (minimum $5) finished within the very first 4 months of account opening. A balance transfer charge of 5% of each transfer ($ 5 minimum) uses if completed after 4 months of account opening.
Balance Transfer APR14.24% – 24.24% (Variable).
Late Payment Fee Up to $40.
Foreign Transaction Fees 3%.
Penalty APR Up to 29.99% (Variable).
Annual Fee$ 0.
Introduction Purchase APRN/A.
Intro OfferN/A
APR14.24% – 24.24% (Variable).
Recommended Credit Excellent, Good.
Reward Rates.
Earn 2% on every purchase with unlimited 1% cash back when you purchase, plus an additional 1% as you pay for those purchases.
Make 2% on every purchase with unrestricted 1% cash back when you purchase, plus an extra 1% as you spend for those purchases.
The Citi ® Double Cash Card is one of the highest-yielding flat-rate charge card on the marketplace. Unlike with other cash-back cards, you do not make all the rewards in advance. Heres how it breaks down: You can make approximately 2% cash back on all of your purchases with this card. You get 1% when you make the purchase, and another 1% on the balance you pay down. While youll have the ability to discover greater cash-back rates on individual spending classifications like restaurants, groceries and gas with other cards, the Citi Double Cash keeps things basic. You constantly know what youre earning. This card likewise has a balance transfer angle: With a fairly generous 18-month initial APR on balances transferred from other accounts, you can consolidate your financial obligation and possibly save on interest payments.With a broad scope and no annual fee, this card is a fantastic addition to any wallet, whether as a stand-alone or supplemental card. Listed below well examine the rewards program and balance transfer deal, as well as some other functions. If the Citi Double Cash doesnt meet all of your wants and requires, well likewise suggest some fantastic substitutes. In this article
Cash-back rewardsYou earn 1% money back when you buy, and another 1% when you make the payment– for up to 2% money back on all purchases.There are no spending caps or limitations with the cash-back program, so you can continue earning forever. However, you need to have a minimum balance of $25 in money back in order to redeem it. Money back is made in the form of ThankYou ® points, and one point equates to 1 cent for all redemption options.You can redeem the points youve made as a declaration credit, direct deposit or check. Other alternatives consist of redeeming your cash back for a present card, travel or purchases made through Shop With Points at Amazon.Introductory APR on balance transfersThis is an excellent card to utilize to move a balance from a high-interest charge card in order to tackle financial obligation more successfully. You can take advantage of the 0% initial APR on balance transfers for 18 months (14.24% to 24.24% variable APR thereafter). While its not the longest balance transfer period offered on the market, its pretty generous.Keep in mind that to use this offer, youll need to complete the balance transfer within the very first 4 months of opening the account. Generally, you should enable a minimum of 2 weeks to make sure your balance transfers in time– its much better to have a little additional wiggle space if you experience hold-ups than to miss out on out on the initial APR.. The intro balance transfer cost is 3% of the deal quantity, with a $5 minimum, which is standard for the market. If you wait up until after the preliminary 4 months, that fee jumps up to 5% ($ 5 minimum). There are alternative cards without any balance transfer charges, however these cards typically have much shorter intro APR periods.If you do decide to use this card for a balance transfer, youll desire to avoid making purchases until you pay your balance off. Purchases made throughout the balance transfer promotion will accumulate interest.Other perksMany Citi charge card including the Double Cash Card have virtual card ability, which helps you shop more securely online. You can create a virtual account number through your online account– a one-time charge card number you can utilize to buy without giving away your real account info to help avoid card fraud.Your Citi Double Cash Card account likewise allows you to link your other Citi charge card for the convenience of managing your cards all from the same login.Comparable cardsWells Fargo Active Cash ® CardIf you like the noise of 2% cash rewards on your purchases but dont desire to wait to settle your balance to make all of it, the Wells Fargo Active Cash might be a much better choice for you.The introductory APR is shorter at 15 months from account opening, however youll get 0% intro APR on both purchases and qualifying balance transfers alike (variable APR will be 15.24% to 25.24% afterwards). So this card might be great if youre seeking to fund a big purchase, too. Unlike the Citi Double Cash Card, youll get a welcome bonus with the Active Cash Card: $200 cash benefits when you spend $1,000 within the first three months.For more details, have a look at our full review of the Wells Fargo Active Cash Card.Capital One Quicksilver Cash Rewards Credit CardThe Capital One Quicksilver Cash Rewards provides a comparable spread of benefits to the Wells Fargo Active Cash Card but has a more accessible welcome bonus offer and a lower cash-back rate.You just need to spend $500 in the very first 3 months to get the $200 welcome bonus offer. However the cash-back rate on all purchases is 1.5%. Youll also get a 0% introductory APR on purchases and balance transfers for 15 months (15.24% to 25.24% variable APR later). See our full review of the Capital One Quicksilver Cash Rewards card for more details.FAQs.
How do cash-back charge card work?
Cash-back charge card provide cardholders benefits on their spending in the kind of declaration credits or money. A statement credit is a reduction in the quantity due to the charge card company on your month-to-month bill. Keep in mind that benefits are not constantly offered the month you make them– they are normally used to your balance by credit card providers after one or two billing cycles.The redemption procedure for cash-back charge card is either really basic or automatic. Some cards instantly use cash benefits to your declaration balance every month. Others require you to visit and redeem offered benefits points for statement credits. Most points do not end, but you will lose them if you close the account before redeeming them..
What kinds of cash-back charge card are there?
Cash-back credit cards normally fall under four primary categories: flat-rate, tiered, rotating or select your own. Flat-rate cards provide the same rate for each purchase. Tiered cards provide a various benefits rate for various categories of spending. Turning category cards provide various rewards each quarter, identified by the card issuer. Choose-your-own category cards allow you to choose your rewards classification.
How do you select a cash-back credit card?
To pick the finest cash-back credit card for you, the most essential thing is to have a clear idea of how youre currently spending money each month. Consider other features of the cards, too, such as APR, sign-on bonuses and foreign transaction costs– make sure you get something that fits with your lifestyle and costs habits.Your credit card choice might likewise be impacted by your credit score. You can look into the best credit cards for no credit and the best credit cards for bad credit.
Other options consist of redeeming your money back for a present card, travel or purchases made through Shop With Points at Amazon.Introductory APR on balance transfersThis is a good card to use to move a balance from a high-interest credit card in order to take on debt more effectively. There are alternative cards with no balance transfer costs, but these cards generally have much shorter introduction APR periods.If you do choose to use this card for a balance transfer, youll desire to avoid making purchases up until you pay your balance off. Purchases made throughout the balance transfer promotion will accrue interest.Other perksMany Citi credit cards including the Double Cash Card have virtual card capability, which assists you go shopping more safely online. Unlike the Citi Double Cash Card, youll get a welcome reward with the Active Cash Card: $200 money benefits when you spend $1,000 within the very first three months.For more information, examine out our full review of the Wells Fargo Active Cash Card.Capital One Quicksilver Cash Rewards Credit CardThe Capital One Quicksilver Cash Rewards offers a similar spread of benefits to the Wells Fargo Active Cash Card however has a more accessible welcome bonus and a lower cash-back rate.You just need to invest $500 in the very first three months to get the $200 welcome perk. Note that rewards are not always readily available the month you earn them– they are typically applied to your balance by credit card issuers after one or 2 billing cycles.The redemption process for cash-back credit cards is either extremely easy or automatic.
Our approachWe evaluation the cards that are in the highest demand and use the finest benefits. We search the small print so there arent any surprises when you open an account. We find the essential aspects that make a card stand out and compare them with other top cards. That way, readers can decide for a different card with similar functions if our pick isnt best for them. Our evaluations are routinely checked and upgraded to incorporate brand-new suggestions, as well as to show changes in offers and the market.
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