how does the Citi double cash card work perfect in 2021,2022

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The Citi Double Cash Card is a great choice to earn cashback. The catch? There’s no sign-up bonus, and it doesn’t allow you to earn points that can be transferred into a travel rewards program. It does have a nice feature that will enable you to gain an above-average rate on all purchases, not just those made at certain kinds of stores. But you need to remember that if you want to take advantage of the card’s strong earning potential, you need to pay off your balance every month—the Double Cash Card charges no interest. Still, its 1% cashback on everything pales in comparison to what you could earn with a 0% APR offer.

Double Cash Card

You get 1% cashback on everything you buy. You also get an additional 1% cashback when you pay for those purchases. For example, if you spend $100 with the Citi Double Cash Card at a store that gives you 1% cashback, you’ll automatically earn another $1 in rewards, so it’s like getting 2% cashback on that transaction.

Get free cash pp

Cash Back Rewards

So, if you want to earn rewards—and who doesn’t?—the Citi Double Cash Card is arguably one of the best options out there. It doesn’t provide any bonus categories that let you earn more cash back at certain retailers or restaurants. You’ll get 1% on all of your purchases and another 1% on everything you pay for. But if you use the cash rewards consistently and pay off your balance every month, it’s a great way to earn some spare change.

Cash Back Rewards

Since you won’t be using this card for any frequent traveller perks, such as free checked bags or priority boarding, there is no reason to keep the card once you’ve earned the sign-up bonus.

Citi Double Cash Card vs. Capital One Quicksilver

Capital One’s Quicksilver Cash Rewards Credit Card has an advantage over the Citi Double Cash Card in its earning potential, but you’ll pay for it with a higher APR.

Rewards: With Citi Double Cash Card, you get 1% on all purchases and 1% as you pay for them. With Capital One Quicksilver Cash Rewards Credit Card, you earn 1.5% back on every purchase, which is higher than Double Cash’s flat-rate cashback program. So if you use this card for everything, why wouldn’t you with such a high earning rate?—then it’s an even trade.

APR: The Citi Double Cash Card wins out over Capital One Quicksilver regarding APR or annual percentage rate. With this card, you’ll never be charged interest on your purchases as long as you pay off your balance by the due date on your monthly statement. On the other hand, Quicksilver charges a variable APR that rises to 25.24% if you have a late payment or your credit score falls below a certain point.

So while Capital One’s card technically has a higher earning rate, its APR makes Citi Double Cash the winner in this case.

Sign-up bonus:

 Capital One Quicksilver also has a sign-up bonus if you spend $500 in the first three months after opening your account. Citi Double Cash doesn’t offer this perk, so overall, Capital One Quicksilver is the winner here.

Which Cash-Back Credit Cards Submit a Good Welcome Bonus?
With cash-back cards, excellent offer no sign-up bonuses while others are simple, in the realm of $25 to $100. But some cards, particularly those with an anniversary fee

Cards similar to Citi Double Cash:

If you’re not sold on the Citi Double Cash Card, you might want to consider other options. The Chase Freedom Unlimited is another flat-rate card that earns 1.5% back on all purchases, but it also offers 5% cash back in rotating categories (up to $1,500 per quarter). So if there are specific stores or restaurants, you tend to buy from often, this is a great way to earn some extra cashback.

Citi Double Cash vs. Chase Freedom Unlimited: 

You get 1% on all purchases and another 1.5% as you pay for them. The sign-up bonus is $150 after spending $500 in your first three months, the same as you’ll get with the Citi Double Cash Card. But there are some significant differences between these two cards.

APR: The APR on the Citi Double Cash is 0% for 18 months, but after that, it jumps up to 15.24%-25.74%. If you pay off your balance by your monthly due date, you will never have to worry about interest charges on this card.

Rewards: With the Citi Double Cash, you get 1% on all purchases and another 1% as you pay for them. Depending on your spending habits, this may be a better option than Chase Freedom Unlimited because it has no bonus categories to keep track of. And if you want a sign-up bonus, you get $200 after spending $1,000 in your first three months. So while Capital One Quicksilver has a higher earning rate, Citi Double Cash is superior in APR and sign-up bonus—the two most essential features to many credit card users.

Bottom line: If you’re looking for a flat-rate cashback credit card that pays decent rewards and has a low APR, then the Citi Double Cash Card is your best bet. It has more benefits than either of its competitors, so you’re guaranteed to be satisfied with it as long as you use it for all of your regular spendings.

The information related to the Capital One Quicksilver and Chase Freedom Unlimited has been collected independently by Credit Karma. The card details on this page have not been reviewed or provided by the card issuer.

Information about other cards may be available to Credit Karma members. For example, the Chase Sapphire Preferred® Card ( 23% APR ) analysis is open to all customers who have received their information in the mail. 

Information was gathered from Reddit, Discover, Barclaycard, Chase forums, and Usernomics. All information is unofficial and not guaranteed to be accurate or correct. Don’t hesitate to get in touch with companies directly for more details about their products and services.

Disclosure: Some of the links on this page are affiliate links which means we may earn a commission if you apply for a card through the link. This adds no cost to you and helps us maintain this site.

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