Anúncios
The Citi Double Cash card stands out for offering 2% cashback on all purchases. In addition to other attractions that make all the difference in everyday life.
By the way, the Citi Double Cash card combines several points that make it a great alternative, but is it worth it for you?
That’s what we want to help you find out, from a complete review of the Citi Double Cash card. Addressing your fees, benefits, and credit limits you can get. Let’s go!
What makes the Citi Double Cash card so talked about?
The great attraction of the card is the 2% cashback on any purchase.
It doesn’t matter if you’re filling up your car, paying for the grocery store, or subscribing to streaming services.
Anúncios
The functionality is simple. Basically, you will earn 1% at the time of the transaction and another 1% when you pay the invoice.
This simplicity is precisely what attracts customers. The logic is that the more you spend (and pay), the more you receive.
All the card details you should know
Now, we’ll look at everything you need to find out if this card is for you or not.
Limits, Credit, and Approval: What to Expect (Citi Double Cash Card)
If you’re curious about limits, know that the Citi Double Cash card starts at $500.
This is the minimum, but the actual amount will depend on your credit history, income, and relationship with the bank.
For example, customers with a FICO score above 700 are often more likely to pass with comfortable thresholds.
It is worth remembering that it is a card suitable for those who already have good or excellent credit (FICO 670–850).
And yes, there is a chance to increase the limit over time.
Citibank evaluates payment behavior, card use and income evolution. Because of this, always paying on time and avoiding using the limit every month are positive signs that open doors to upgrades.
Costs you should consider
First of all, the annuity is zero. However, this does not mean no costs. The fee schedule is clear, but not always highlighted in marketing. Let’s look at the main ones:
- 3% on international purchases (if you spend US$ 1,000 outside the US, it is already US$ 30 extra);
- $41 for late payment;
- $41 per returned payment;
- 5% or $5 in balance transfers;
- 5% or $10 cash advance;
So, if you only use it in the US, pay the invoice on time and don’t mess with advances, it’s very interesting. However, those who travel a lot or are frequently late will feel it in their pockets.
Citi Double Cash card APR, Interest & Promotions
Firstly, the APR ranges from 18.24% up to 28.24%. It is high, but it is in the average of American credit cards.
The good news is that Citi Double Cash card offers 0% APR on balance transfers for 9 months, with a fee of 5% or $5.
The best way to see this offer is as a temporary financial breath. It works to reorganize debts, but if there is no discipline, after the ninth month the interest begins to weigh.
What is Citibank’s customer service like? (Citi Double Cash Card)
A card can have incredible benefits, but if the support doesn’t work, the experience suffers greatly.
Many Citibank customers complain about delays in calls, communication failures and plastered processes.
This is a point that must be considered.
From a financial standpoint, the Citi Double Cash card is advantageous, but it can face difficulties if it needs to solve a problem.
Comparing with other cards
Placed side by side, the Citi Double Cash card stands out for 2%. However, competitors offer differentials that may make sense depending on the profile:
- Chase Freedom Unlimited: 1.5% on everything and also has bonuses in categories such as restaurants and pharmacies.
- Capital One Quicksilver: offers 1.5% fixed with no international fees.
That is, if you travel a lot, maybe Quicksilver makes more sense.
If you like fixed cashback with bonuses in some areas, Freedom may be more attractive. By the way, if this is your case, see the Chase Freedom Unlimited review now and find out everything it offers.
Citi, on the other hand, shines for those looking for pure practicality, without calculations or categories.
FAQ about Citi Double Cash Card
1. Are there any annuities or hidden costs?
There is no annual fee on the Citi Double Cash Card, but that doesn’t mean it’s completely free. There are important fees that need to be considered.
2. What credit limit can I get? (Citi Double Cash Card)
The Citi card starting limit starts at around $500, but the actual amount depends on factors such as your income, credit history, and relationship with the bank. People with good or excellent credit tend to get higher limits already in the initial approval.
If your score is low, don’t worry, over time, paying invoices on time and using the card responsibly, the limit can be increased automatically or on request.
3. What credit score do I need to have?
The Citi card is usually approved for people with good to excellent credit scores, that is, a FICO of approximately 670 to 850.
If your score is lower, the chance of approval decreases a lot. The bank also evaluates income, payment history and current debts, so it’s not just the number that counts.
Even so, those who already have accounts up to date and have a clean history usually fit the profile.
4. What is the deadline to pay without interest?
The Citi Double card offers a 23-day grace period after the invoice closes.
Therefore, if you pay the full balance by the due date, there will be no interest charged on purchases.
However, if you leave an outstanding balance or pay only the minimum, interest begins to be applied immediately and can reach almost 30% per year.
Conclusion
The Citi Double Cash card is, first and foremost, a straight to the point card.
It works well for those who want simple cashback, with no annual fee, and already have good payment habits. However, you should be aware of international rates, high interest rates and the service is worrying.
Still, if it values simplicity above all else, it is a card that delivers exactly what it promises.
We recommend that you analyze other options before applying for the card, because to find the best alternative, you need to research well. Get started by getting to know Chase Freedom Unlimited and Capital One Quicksilver