Citi Double Money Card evaluation: 2% money again on every little thing

Citi Double Money Card overview

The Citi Double Money® Card (see charges and charges) is without doubt one of the easiest and most rewarding cash-back rewards playing cards. It earns 2% money again on all purchases — 1% whenever you make a purchase order and one other 1% whenever you pay it off — making it a hard-to-beat card, particularly whenever you think about no annual price. Plus, you possibly can convert your rewards to totally transferable ThankYou factors if you happen to additionally produce other choose Citi playing cards. Card ranking*: ⭐⭐⭐⭐

*Card ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

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The Citi Double Money Card is the cash-back card I like to recommend most to family and friends. In case you’re incomes lower than 2% again in your credit score or debit card purchases, you possibly can profit from how the Citi Double Money Card earns as much as 2% money again on all purchases (given as 1% whenever you make a purchase order, plus 1% as you pay that buy off).

We suggest candidates have a good credit score rating of 580 or larger to extend their probabilities of getting permitted for the Citi Double Money Card.

You will routinely earn cash-back rewards within the type of ThankYou factors which you can redeem for assertion credit and extra. However you may unlock higher-value redemption choices if you happen to additionally maintain a Citi Strata Premier℠ Card (see charges and charges) or Citi Status® Card (not accessible to new candidates), as you possibly can then convert your rewards to absolutely transferable ThankYou factors.

Better of all, the Citi Double Money would not cost an annual price, so protecting it in your pockets yr after yr is a no brainer. Let’s take a more in-depth take a look at this easy but useful card.

The info for the Citi Status has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

Citi Double Money welcome supply

Proper now, the Citi Double Money is providing $200 money again after you spend $1,500 on purchases within the first six months of account opening.

This card often would not supply a welcome bonus, so something you will get is a cherry on prime.

Associated: Why the Citi Double Money will at all times have a spot in my pockets

Citi Double Money advantages

The Citi Double Money Card would not supply many different standout advantages or perks as a no-annual-fee card. Nonetheless, it does supply:

• A chip-enabled card to make use of at retailers that help contactless pay
• $0 legal responsibility on unauthorized costs
• Entry to Citi Leisure, which provides particular entry to buy tickets to 1000’s of occasions
• Enrollment in complimentary ID theft safety that displays your info and alerts you if suspicious exercise is discovered

Be aware that the Citi Double Money additionally has a 3% international transaction price. As such, you may wish to have an alternate card with out international transaction charges to make use of when touring outdoors the U.S.

Associated: What credit score rating do you could get the Citi Double Money Card?

Incomes rewards on the Citi Double Money

You will earn money again within the type of ThankYou factors with restricted transferability whenever you make purchases with the Citi Double Money. Cardmembers earn 1% money again once they purchase and 1% once they pay for his or her purchases.

Citi Double Money cardmembers can earn 5% complete cash-back rewards — 3% money again on prime of that commonplace 1% whenever you purchase and 1% whenever you pay — on lodges, automotive leases and sights booked by means of the Citi Journey web site by means of Dec. 31, 2025.

Your card account should be present to earn rewards. This implies you will need to pay at the least the minimal cost due by the primary day of every billing interval — though it is best apply to pay your assertion in full at any time when attainable.

Associated: Finest 2%-cash-back bank cards

Redeeming rewards on the Citi Double Money

The Citi Double Money Card earns ThankYou factors with restricted transferability. The worth you may get when redeeming these ThankYou factors will differ relying in your chosen redemption. Here is a take a look at redeeming the ThankYou factors you earn with the Citi Double Money Card.

Redeem for money again

If you’d like the best redemption possibility that also supplies good worth, you possibly can redeem for cash-back rewards at a fee of 1 cent per level. You may request this money again as a press release credit score or direct deposit of any quantity. Alternatively, you possibly can request a examine within the mail if you happen to redeem for at the least $5 in cash-back rewards.

Redeem for present playing cards

You may as well redeem your ThankYou factors for present playing cards, though the redemption fee will differ relying on the service provider. You will often discover the best redemption charges within the sale part, the place I discovered a $25 Crimson Lobster present card on sale for two,250 factors (a redemption fee of 1.11 cents per level).

E book journey

You may redeem Citi ThankYou factors earned with the Citi Double Money Card towards lodges, flights, rental automobiles and sights you e-book by means of the Citi Journey portal. Within the instance searches I did for every sort of journey reserving, I might get 1 cent per level every when redeeming factors from my Citi Double Money account.

Store with factors

You may as well redeem Citi ThankYou factors on the following retailers by means of the Store with Factors program:

• 1-800-Flowers
• Amazon
• Finest Purchase
• BP/Amoco
• CVS
• Greenback Normal
• Big Eagle
• HomeGoods
• Marshalls
• Murphy USA
• Paypal
• Schnucks
• Shell
• TJ Maxx
• Walgreens
• Walmart

Nonetheless, whenever you Store with Factors, you may often get a redemption fee of lower than 1 cent per level. We suggest redeeming for a press release credit score or direct deposit as an alternative of utilizing Store for Factors.

Donate your factors

You may as well donate your ThankYou factors to varied charities, beginning at 1,000 factors per donation. Nonetheless, it is going to often be higher to get a press release credit score or direct deposit after which donate to a charity of your selection if you happen to really feel beneficiant.

Switch your factors

As mentioned within the subsequent part, you possibly can redeem your factors by transferring them to different Citi ThankYou Rewards members or journey loyalty applications.

Associated: Redeeming Citi ThankYou factors for optimum worth

Transferring factors on the Citi Double Money

You may switch factors you earn together with your Citi Double Money Card in two main methods. Firstly, you possibly can switch as much as 100,000 ThankYou factors per calendar yr to different ThankYou members. Nonetheless, know that factors transferred to different members expire 90 days after receiving them.

You may as well switch Citi ThankYou factors to pick out loyalty companions. If you do not have the Citi Strata Premier or Citi Status card, you may solely have the choice to switch to 4 loyalty companions:

• Selection Privileges: 1,000 ThankYou factors could be transformed to 1,500 Selection factors
• JetBlue TrueBlue: 1,000 ThankYou factors could be transformed to 800 JetBlue factors
• Store Your Manner: 1 ThankYou level could be transformed to 10 Store Your Manner factors
• Wyndham Rewards: 1,000 ThankYou factors could be transformed to 800 Wyndham factors

In case you even have the Citi Strata Premier or Citi Status, you possibly can mix the ThankYou factors out of your Citi Double Money Card with the ThankYou factors from certainly one of these playing cards. If you do that, you’ll use your ThankYou factors as if you happen to earned them together with your Citi Strata Premier or Citi Status, together with transferring them to all the commonplace Citi ThankYou Rewards companions.

Associated: 5 of one of the best Citi ThankYou Rewards redemption candy spots

Which playing cards compete with the Citi Double Money?

The Citi Double Money Card is a superb option to earn 2% money again (1% whenever you make a purchase order and one other 1% whenever you pay it off). However, there are three main conditions the place a special cash-back rewards card is perhaps higher for you:

• If you’d like extra advantages: The Wells Fargo Lively Money® Card has no annual price(see charges and charges) and provides 2% money rewards on all purchases, and consists of useful mobile phone safety. For extra info, learn our Wells Fargo Lively Money evaluation.
• If you have already got (or plan to get) a Chase Final Rewards card: The Chase Freedom Limitless® has no annual price and is value contemplating if you have already got (or plan to ultimately get) a card that earns Chase Final Rewards factors. The cardboard earns at the least 1.5% cash-back rewards on all purchases and provides the chance to transform your cash-back rewards to transferable factors when you’ve got a Chase Final Rewards card. For extra info, learn our full evaluation of the Chase Freedom Limitless.
• If you’d like a card with bonus classes, The Chase Freedom Flex® has no annual price and earns 5% on the primary $1,500 spent every quarter in choose rotating classes. Just like the Freedom Limitless, you possibly can convert your money again to Final Rewards if you happen to maintain an Final Rewards incomes card. For extra info, learn our full evaluation of the Chase Freedom Flex.

For added choices, try our full listing of the greatest cash-back rewards playing cards.

Associated: How to decide on a cash-back bank card

Is the Citi Double Money value it?

The Citi Double Money is a superb selection if you happen to’re in search of easy cash-back rewards with out worrying about spending classes. You may as well use it as half of a bigger Citi bank card technique. In any case, you will get extra worth from Double Money rewards when you may have a premium Citi ThankYou card and might make the most of the complete set of Citi ThankYou switch companions.

One TPG reader had a number of positives to share on their expertise with the Citi Double Money, reflecting on the professionals of the cardboard:

“Citi double money. It’s easy, [annual] price free and good customer support.” — Burt Eichler by way of a TPG publication survey

Be aware: Reader-submitted responses haven’t been edited, reviewed or permitted by the issuers nor mirror TPG’s opinions of those playing cards.

In case you’re seeking to earn money again in an easy approach with out paying an annual price, the Citi Double Money might be value including to your pockets.

Associated: Why the Citi Double Money Card is an integral a part of my technique to beat inflation

Backside line

In case you’re in search of a cash-back bank card the place you do not have to fret about bonus classes, the Citi Double Money Card could very properly be the correct card for you.

However even if you happen to do like to maximise bonus classes with different playing cards, it might additionally function an on a regular basis spending card in your non-bonus class purchases. You probably have a premium Citi bank card just like the Citi Strata Premier, you possibly can unlock extra switch companions for the rewards you earn together with your Citi Double Money Card.

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Apply right here: Citi Double Money Card

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