Citi Double Cash: More Valuable Than Ever Before – One Mile at a Time

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Understandably a lot of people are at least temporarily reassessing their approach to using credit cards. Some people are looking for ways to be more efficient with their strategy and spending, while others are looking to earn cash back rather than travel rewards.

While I’m maintaining the same credit card strategy as before, I totally get the sentiment. That’s also exactly why I think the Citi® Double Cash Card (review) is worth another look for those who don’t have it.

In this post:

Why the Citi Double Cash is so valuable

The Citi Double Cash is possibly the most versatile no annual fee credit card out there. It’s the credit card I use for my everyday spending, and it’s one I recommend regardless of whether you want to earn cash back or travel rewards.

Here are the four reasons that the Citi Double Cash should be in your wallet:

No annual fee

Okay, I kind of hinted at this above — the Citi Double Cash has no annual fee, so it doesn’t get better than that. Need I say more?

Earn cash back at a rewarding rate

The Citi Double Cash has a phenomenal rewards structure if you’re looking to earn cash back. At this point that’s understandably what lots of people are looking to earn, as getting cash towards your daily expenses may be preferable to earning travel rewards.

The card offers:

  • 1% cash back when you make a purchase
  • 1% cash back when you pay for that purchase

By the time you’ve paid for your purchase you’ll get two cents back on every dollar spent. This is more rewarding than a vast majority of cash back credit cards, and is in line with the best cash back return you’ll find on a credit card.

There’s not a single card I can think of that offers a return of better than 2% cash back without any major strings attached.

Use your cash back towards everyday expenses

Flexibility to turn cash back into travel rewards

This is why the Citi Double Cash gives you the best of both worlds. Not only can you earn the equivalent of two cents on the dollar, but those points can also be converted into travel rewards points:

What really makes this so awesome is that you can earn rewards on the Citi Double Cash even without having the Citi Premier or Citi Prestige. Then in the future you can decide to get one of those cards, and all the cash back you’ve racked up on the Citi Double Cash can be converted into ThankYou points, should you so choose.

This means for every dollar you spend (and subsequently pay the bill for) you’re getting your choice of either two cents or two transferrable points

Use ThankYou points for some incredible travel rewards in the future

0% intro APR for 18 months on balance transfers*

This is something I’d recommend avoiding if at all possible, but understandably a lot of people are having liquidity issues at the moment. If that applies to you, the Citi Double Cash is offering 0% introductory APR for 18 months from date of first transfer when transfers are completed within 4 months from date of account opening. After that, your APR will be 13.99% to 23.99%, based on your creditworthiness.

You’ll want to do everything you can to pay off the balance during that period, since the interest after that can be high. But 18 months is a long period — some other cards offer 12 months, but 18 months is rare.

How I’ve maximized earning with the Citi Double Cash this year

I picked up the Citi Double Cash last fall, so how am I using this card? Essentially it’s the card I use for all personal spending within the US when there’s not otherwise a bonus category. For example:

  • I pay my rent with the card through Plastiq
  • I pay my taxes with the card
  • I use the card for most online shopping
  • I use the card at drugstores

Those are just a few examples, but this is essentially my go-to card for any non-supermarket/dining/travel/cell phone purchase.

Bottom line

The Citi Double Cash has been my go-to card for everyday spending at home for about six months now, and I absolutely love it. Personally I use the card for the ability to earn ThankYou points.

The flexibility this card offers in this environment is unrivaled. The no annual fee card can earn you the equivalent of two cents or two transferrable points for every dollar you spend (after paying the bill).

Being able to efficiently earn either cash back or travel rewards is the kind of flexibility that consumers should be looking for nowadays, and there’s no other card as well rounded as this.

Is anyone else using the Citi Double Cash as their go-to for everyday spending?

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