For the first time since last year, Citi has launched a welcome bonus on the Citi Double Cash card. The offer is marketed at $200 cashback, but you can combine points earned on this card with points earned on your Citi Premier card and then transfer them onward to airline and hotel partners.
While it doesn’t feature the most valuable bonus on the market, it is a solid bonus for a no-annual-fee card that comes with what is effectively a flat 2x / 2% cash back earning rate (1% when you buy and 1% when you pay the bill).
The Offer & Key Card Details
| Card Offer and Details |
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20K points ⓘ Affiliate $200 cash back after spending $1.5K in first six months. Note: $200 is awarded as 20,000 Citi ThankYou points.No Annual Fee FM Mini Review: 2X rewards for all spend with no annual fee makes this card a winner. Earn 2X everywhere and redeem for the equivalent of 2% cash back or 2X ThankYou points. Pair with the Premier or Prestige card to make points transferrable to airlines. Click here for our complete card review Earning rate: 2% cash back everywhere (1% cash back for each purchase + 1% when paying your credit card bill for that purchase). ✦ For a limited time: Earn 5% total cash back on hotel, car rentals, and attractions booked on Citi Travel portal through 12/31/24. Base: 2X (2.9%) Card Info: Mastercard World Elite issued by Citi. This card imposes foreign transaction fees. Noteworthy perks: 1X when you make a purchase + 1X when you pay for those purchases See also: Citi ThankYou Rewards Complete Guide |
Quick Thoughts
The DoubleCash card is a great card to have, but it often isn’t a great card to get.
What I mean here is that this card is a solid “everywhere else” option since it essentially earns 2x rewards points per dollar spent / paid. Redeem rewards for cash back and you’ve earned 2% back. Alternatively, combine points earned on this card with points earned on your Citi Premier card and you can transfer them onward to airline and hotel partners (effectively earning 2 miles per dollar spent or 4 Choice Privileges points per dollar spent). That’s certainly reasonable return on spend.
The fact that this card is a Mastercard makes it more appealing for some: this means the card can be synced up for American Airlines SimplyMiles offers and the Double Cash can be used for a greater variety of payment types via Plastiq. It could also be used to back a Curve card.
All those arguments for having the card have been lukewarm without a welcome bonus. Long ago, we used to occasionally see a welcome bonus of $100 after $500 in purchases in the first 3 months, but I don’t think we’ve seen that bonus since before rewards became redeemable for ThankYou points. Therefore, for the past several years, if you wanted to have this card, the prevailing wisdom has been to get a Citi American Airlines card. That way you could score a valuable welcome bonus (in the form of American Airlines miles) and then a year down the road many have had success calling Citi and requesting a product change to the Double Cash card.
If you’re not in a hurry for the Double Cash, that’s still not a bad strategy since the American Airlines Platinum Select card typically comes with a much more valuable welcome bonus. That said, if you have no interest in collecting American Airlines miles and/or you have high “everywhere else” spend and you just want a no-annual-fee card that earns unlimited 2x, the fact that this card now has a welcome bonus makes it more reasonable to consider applying directly for this card.
I think it’s also worth mentioning that you really need to consider your spending patterns to decide whether or not this card makes more sense for you than the Custom Cash. Given that the Custom Cash earns 5x on up to $500 in the category in which you spend the most each month, you can basically earn an easy 30,000 points per year with that card (on just $6K spend assuming you focus all spend on a single card). If you are a relatively low spender, it might be worth your while to consider that card instead of this one. If you have high “everywhere else” spend, the Double Cash could really shine.
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I’ve had this card for a long time. I know you all also mention Citi Merchant offers, which often mirror those from Simply Miles — Citi will also do 6% Cashback on some of the same establishments in the Airline Dining Portals. It is a bummer that the merchant offers and the dining Cash back are statement credits, rather than TYP. But it does make stacking potentially pretty valuable, though it does not always work perfectly. It is a difference from the way Capital One offers runs through a portal, rather than being integrated with the card (making stacking harder).
I never had a Sub for the double cash. I did a product change earlier this year to the CCC. Wonder can I get the sub?