The Citi Double Cash Card is currently one of the best cash back credit cards for flexible spending. It is currently offering a welcome bonus of $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
- Update 11/15/2023: $200 offer is back. You can also earn a $200 bonus with an Upgrade Cash Rewards and Rewards Checking here.
- Update 11/22/2022: $200 offer is still available.
- Notice 11/10/2022: The $200 bonus could be ending soon – possibly on 11/14/2022.
This card fills the role as a long term, market-leading cash back rate option. You’ll earn 1% cash back on all your purchases, and then another 1% cash back once you pay off those purchases.
There is no cap on the amount of cash back you’ll receive at the maximum 2% rate. Be sure to pay at least the minimum due to earn the additional 1% cash back if you’re not paying off the balance in full each month.
There’s no annual fee, so this makes a good choice for low spenders as well as those who are looking to maximize rewards with multiple cards. Competitor cash back cards with no annual fee that earn on flexible spending typically earn 1% to 1.5%.
Card Details
- 2% cash back on purchases: 1% when you buy and 1% as you pay with no categories, caps or annual fee.
- Your cash back will be earned in the form of ThankYou Points, meaning you’ll earn 1 point per $1 on purchases and 1 point per $1 paid on those purchases.
- You can redeem points for cash back as a statement credit, direct deposit, or mailed check.
- You can also redeem them for gift cards and travel, or shop with points at Amazon.com & others.
- To earn cash back, pay at least the minimum due on time.
- Enjoy no annual fee & 0% Intro APR for 18 months on balance transfers only; after that, the variable APR applies.
*Citibank offers good bonuses for their Checking accounts also.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
The 2% on Citi’s card is nice, but customer service is pretty weak. Well, insulting. When you have a question that the automaton can’t find an answer to in the script binder, they suggest a manager call you back within 48 hours. I’m not joking. You see, all of the customer service managers are in meeting each time you call. Fancy that. So very busy. They’ll perhaps ring you if available on their own timeline, say, in about two days. Not worth it in my opinion.