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Are you good about paying off your credit card balance each month? If you answered yes, Citi® Double Cash Card - 18 month BT offer might be appealing to you. If you have excellent or good credit, this 2019 CardRatings Editor's Choice winner for Best Flat-Rate Cash-Back credit card could change the way you think about earning rewards too.
Often times, 0% APR introductory offers are limited to one year or less. Citi® Double Cash Card - 18 month BT offer offers a generous 18-month grace period for balance transfers, which is good if you have a major purchase on the horizon and making payments slowly is your plan.
Citi® Double Cash Card - 18 month BT offer is the only card that earns you cash back twice on every purchase – 1% cash back when you buy and 1% cash back as you pay for those purchases (whether you pay your balance in full or over time, though you must make the minimum payment on time to earn cash back). The double cash angle is a different structure than most reward cards on the market, which makes cardholders think differently about the way points can be accumulated.
Citi® is making this rewards card attractive for frequent shoppers with its Citi® Price Rewind program. Cardholders shop, and Citi® searches for a lower price than the one you got. If the same item is found at retailers' sites within 60 days, you can be refunded the price difference up to $300 per item, and up to $1,200 per year.
The bonus categories on the Citi® Double Cash Card - 18 month BT offer are not restricted, and rebates have no caps. This cash-back rewards card is good for high value ongoing rewards – the more you spend, the more you earn. The categories aren’t rotating either, so knowing exactly what your reward points may be redeemed for, at all times, is subjectively an important feature.
Receiving rewards points for purchases and payment on accounts is a great incentive to pay off your balance each month. Any time a credit card company can promote smart credit card habits, it’s a win.
Most credit cards within the cash back category have, at most, a 12-month introductory offer of 0% APR – Citi® Double Cash Card - 18 month BT offer offers 18 months on balance transfers, which is pretty generous. If you have a major purchase on the horizon that would be easier to pay off in smaller increments, the extended balance transfer intro will be appealing.
There is a balance transfer fee, so if you’re looking to skirt interest from another card with the introductory 0% APR program, be aware that there will be a $5 or 3% charge, whichever is greater.
If you don’t pay your bill in full each month, the rewards will be overshadowed by the relatively high APR. Furthermore, you must pay at least your minimum due each month in order to earn cash back – that isn't a downside, per se, as we like a card that encourages responsible use, but if you're someone who sometimes misses a due date, you'll be disappointed when those rewards don't add up.
This card is not great for traveling abroad as there is a 3% foreign purchase transaction fee. If you’re a frequent traveler but love the double cash concept, securing an additional card might make sense.
|Cash Back on Gas||Cash Back on Groceries||Cash Back on Other|
|1% when you buy plus 1% as you pay||1% when you buy plus 1% as you pay||1% when you buy plus 1% as you pay|
Citi® Double Cash Card - 18 month BT offer vs. Capital One® Savor® Cash Rewards Credit Card
If you don't mind paying a $0 intro for first year; $95 after that annual fee and want a straightforward way to gain cash back plus earn a large signup bonus, the Capital One® Savor® Cash Rewards Credit Card is a good option to consider. Sure, it has an annual fee, but it earns users a whopping, unlimited 4% back on all dining and entertainment purchases, 2% at grocery stores, and 1% on everything else. If you often like to dine out and enjoy a night on the town, this could be a great card for you, especially since new users can also earn a $300 cash bonus once spending $3,000 with the card within the first three months of account membership.
However, if you're more so looking for a card to spend on every day basics, like gas, grocery, and household items, you might not benefit much from that 4% earnings rate, and could be better off sticking with the Citi card.The biggest things you'll want to consider if deciding between these two cards are 1) your spending habits, and 2) whether a $300 cash back bonus or an 18 month, 0% APR offer would be more valuable to you.
If you can't stand the idea of paying an annual fee but like the sound of the Capital One® Savor® Cash Rewards Credit Card, you could consider applying for its sister card, the Capital One® SavorOne® Cash Rewards Credit Card, instead. This card has no annual fee and offers unlimited 3% cash back on dining and entertainment purchases, 2% at the grocery store, and 1% on all other purchases, plus a signup bonus of $150 once spending $500 in the first three months.
Citi® Double Cash Card - 18 month BT offer vs. Chase Freedom®
The Citi® Double Cash Card - 18 month BT offer provides you with 18 months of 0% APR on balance transfers; whereas, Chase Freedom® touts a 0% intro APR on balance transfers for 15 months, though the Chase Freedom® also offers 0% APR on purchases for 15 months (then, 16.74 - 25.49% Variable).
If you keep up with rotating categories well, the 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate with Chase Freedom® is attractive. If you like unlimited rewards, without tracking rotating categories, Citi® Double Cash Card - 18 month BT offer might be an easier solution.
Lastly, Chase Freedom® is offering a signup bonus: Get a $150 bonus after spending $500 on purchases in your first 3 months from account opening. Citi® Double Cash Card - 18 month BT offer relies on its simple cash back structure to be the deal closer.
Citi® Double Cash Card - 18 month BT offer vs. Fidelity® Rewards Visa Signature® Card
(This card is not currently available on CardRatings)
The Fidelity® Rewards Visa Signature® Card offers cardholders a flat 2% cash back on every purchase, so it compares well with the Citi card, but the Fidelity card also offers a $100 bonus if you spend $1,000 within the first 90 days of opening an account. And it has one other unique benefit as well.
Each Fidelity credit card must be linked to a Fidelity account, which makes it easier for a cardholder to put rewards points in accounts like an IRA or 401K.
It is hard to pick one card over the other when we compare the benefits of long-term financial planning or incentives to pay off credit card balances.
Citi® Double Cash Card - 18 month BT offer is best for consumers with excellent or good credit who are interested in earning cash-back rewards, but don't want to keep up with rotating categories or spending caps. As with any rewards card, the ideal cardholder is someone who will pay their balance in full each month so that interest charges don't eat into the rewards you're earning.
Lastly, it's also important to remember that this card does charge foreign transaction fees, so you should plan to carry a different card along when you travel abroad.