FitSmallBusiness
Fit Small Business content and reviews are editorially independent. We may make money when you click on links to our partners. Learn More.

Credit Cards | Editorial Review

Citi® Double Cash Card Review for 2023

Tricia Tetreault

REVIEWED BY: Tricia Tetreault

Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.

 

WRITTEN BY: Nancy Fernandez

Published February 7, 2023

Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.

Published February 7, 2023

This article is part of a larger series on Best Small Business Credit Cards.

Table of Contents
  1. 1 Who It Is Best For
  2. 2 Fees
  3. 3 Rewards
  4. 4 How To Make Payments
  5. 5 Features
  6. 6 Alternatives
  7. 7 Bottom Line

The Citi® Double Cash Card is a small business card designed for those wanting to be incentivized to pay their minimum due on time. It lets you earn cash back twice—1% on all purchases and an additional 1% as you pay for those purchases. It also doesn’t charge annual fees and has a 0% introductory annual percentage rate (APR) on balance transfers for 18 months from the first completed transfer, provided that transfers are made within four months from the account opening date.

If you want to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view their details in a side-by-side comparison.

Citi Double Cash best personal credit cards

Citi® Double Cash Card

BEST FOR:

Extensive 0% APR period on balance transfers

Apply Now

On Citi's Secure Website

Intro APR
N/A
Regular APR
18.24% to 28.24% Variable
Annual Fee
None
Credit Needed
Good - Excellent

  • Get 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Plus there are no categories to track, no caps on cash back and no annual fee.

Pros
  • Has a 0% introductory APR on balance transfers
  • Offers straightforward cash back rewards
  • Doesn’t charge annual fees
Cons
  • Doesn’t offer a 0% introductory APR on purchases

  • 24-hour fraud liability protection: Citi® alerts you if it sees unusual activity on your account. Also, you won’t be responsible for a charge you did not authorize, online or otherwise.
  • The Lost Wallet® service: If you lose your card, Citi® ensures to replace it within 24 hours. Also, it will provide you with emergency cash, subject to your available cash advance limit.
  • 24/7 customer service: Citi®’s customer service representatives can assist you 24/7.
  • Citi Entertainment®: This offers special access to purchase tickets to thousands of events, including presale tickets and exclusive experiences for the year’s most anticipated concerts, sporting events, and dining experiences.
Intro APR
N/A
Regular APR
18.24% to 28.24% Variable
Annual Fee
None
Credit Needed
Good - Excellent
  • Get 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Plus there are no categories to track, no caps on cash back and no annual fee.
Pros
  • Has a 0% introductory APR on balance transfers
  • Offers straightforward cash back rewards
  • Doesn’t charge annual fees
Cons
  • Doesn’t offer a 0% introductory APR on purchases
  • 24-hour fraud liability protection: Citi® alerts you if it sees unusual activity on your account. Also, you won’t be responsible for a charge you did not authorize, online or otherwise.
  • The Lost Wallet® service: If you lose your card, Citi® ensures to replace it within 24 hours. Also, it will provide you with emergency cash, subject to your available cash advance limit.
  • 24/7 customer service: Citi®’s customer service representatives can assist you 24/7.
  • Citi Entertainment®: This offers special access to purchase tickets to thousands of events, including presale tickets and exclusive experiences for the year’s most anticipated concerts, sporting events, and dining experiences.
Apply Now

On Citi's Secure Website

When grading cash back business credit cards like the Citi® Double Cash Card, we first weigh the ongoing and introductory rewards. We also rate the annual fee, introductory and ongoing APRs, and other card benefits.

Grading Criteria
Card Score
Highest Possible Score
Ongoing Rewards
25
30
Introductory Rewards
0
20
Annual Fee
15
15
Additional Features
8
15
Introductory APR
7
10
Ongoing APR
10
10
Total Score
65
100

Who the Citi® Double Cash Card Is Best For

  • Those wanting incentives for paying their minimum due balance on time: On top of the unlimited 1% cash back you get on purchases, you’ll receive 1% cash back when those purchases are paid off—as long as you make the minimum payment on time.
  • Those who need a 0% introductory APR on balance transfers: This card offers a 0% introductory APR on balance transfers for 18 months from the first completed transfer; transfers should be made within four months from the account opening date.

If this isn’t the card you need, check out our recommended alternatives below.

Citi® Double Cash Card Fees

APR

  • Introductory: None for purchases; 0% on balance transfers for 18 months from the first completed transfer, provided that transfers are made within four months from the account opening date
  • Ongoing, balance transfers, and Citi Flex Plan: 18.24% to 28.24% variable, adjusts with the prime rate
  • Cash advance: 29.49% variable, adjusts with the prime rate
  • Penalty: Up to 29.99% variable, adjusts with the prime rate; will be indefinitely applied to your account if you made a late or returned payment

Fees

  • Annual: None
  • Minimum interest charge: No less than $0.50
  • Plan Fee (Fixed Finance Charge): Monthly fee of 1.72% of each transaction moved to a Citi Flex Plan subject to such fee based on the Citi Flex Plan duration
  • Balance transfer: Introductory fee of either $5 or 3% of the amount of each transfer, whichever is greater, will be applied for transfers made within the first four months of card ownership; after, balance transfer fees will be either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash advance: $10 or 5% of the amount of each cash advance, whichever is greater
  • Foreign transaction: 3% of each purchase transaction in U.S. Dollars
  • Late and returned payments: Up to $41

Your date is at least 23 days after the close of each billing cycle.

Citi® Double Cash Card Rewards

  • 2% cash back on all purchases—1% when you buy, and another 1% as you pay the minimum due on time.

To earn cash back, pay at least the minimum due on time. Cash back is earned in the form of ThankYou® Points, which can be redeemed in several ways:

  1. A statement credit, where redeeming 10,000 ​​ThankYou® Points is equivalent to a $100 statement credit.
  2. A direct deposit, where redeeming 10,000 ThankYou® Points is equivalent to a $100 direct deposit to your bank account.
  3. A check, where redeeming 10,000 ThankYou® Points is equivalent to a $100 Check by Mail.
  4. Gift cards.
  5. Shop with Points at Amazon.
  6. Travel and more.

There are no minimums when redeeming ThankYou® Points, and these won’t expire so long as your account remains open.

How To Make Payments on the Citi® Double Cash Card

  • Online: Log in to your online account, click “Make a Payment,” and choose how much to pay, when to pay it, and where the payment will be coming from. You can also set up AutoPay for automatic payments to be deducted monthly on your due date.
  • Citi Mobile®: You can also pay through the mobile app, which is available for iOS and Android users.
  • Phone: Call (800) 950-5114 or the number found on the back of your card, enter your card information, and follow the prompts to make a payment.
  • Mail: Send either a check or money order (but not cash) to the following address:

PO Box 9001037
Louisville, KY 40290-1037

  • Overnight Delivery/Express Payments: Send your check or money order (but not cash) to the following address:

Citibank Express Payments
6716 Grade Ln.
Building 9, Ste. 910
Louisville, KY 40213

  • Nearest Citibank ATM: Go to the nearest Citibank ATM, which accepts cash payments of up to $3,000 per monthly credit card account.

Citi® Double Cash Card Features

  • 24-hour fraud liability protection: Citi® alerts you if it sees unusual activity on your account. Also, you won’t be responsible for a charge you didn’t authorize, online or otherwise.
  • The Lost Wallet® service: If you lose your card, Citi® ensures to replace it within 24 hours. Also, Citi® will provide you with emergency cash, subject to your available cash advance limit.
  • 24/7 customer service: Citi®’s customer service representatives can assist you 24/7.
  • Citi Entertainment®: This offers special access to purchase tickets to thousands of events—including presale tickets and exclusive experiences for the year’s most anticipated concerts, sporting events, and dining experiences.

Citi® Double Cash Card Alternatives

American Express Blue Business CashTM

American Express Blue Business Cash™ Card

?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

BEST FOR:

Those who want better cash back rewards

Apply Now

on American Express Blue Business Cash™ Card's secure website.

Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent

  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply

Pros
  • 0% intro APR
  • Welcome bonus
  • Fixed rate rewards
  • No annual fee
Cons
  • Cash advance isn’t allowed
  • Charges foreign transaction fees
  • 2% cash back is capped at $50,000 in annual spending

  • Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
  • Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.

Read Full
Review

See Rates
& Fees

Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
  • Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
  • Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
  • From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
  • Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
Pros
  • 0% intro APR
  • Welcome bonus
  • Fixed rate rewards
  • No annual fee
Cons
  • Cash advance isn’t allowed
  • Charges foreign transaction fees
  • 2% cash back is capped at $50,000 in annual spending
  • Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
  • Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.

Read Full Review

See Rates & Fees

Apply Now

on American Express Blue Business Cash™ Card's secure website.

Bank of America® Business Advantage Customized Cash Rewards

Bank of America® Business Advantage Customized Cash Rewards Mastercard® Credit Card

?Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.

BEST FOR:

Those wanting to earn 3% cash back in a spending category of your choice

Apply Now

on Bank of America® Business Advantage Customized Cash Rewards Mastercard® Credit Card's secure website.

Intro APR
0%
Regular APR
16.49% - 26.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent

  • Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don't expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
  • You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.49% to 26.49% will apply.
  • Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
  • Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.

Pros
  • Offers flexible redemption options
  • Doesn’t charge annual fees
  • With sign-up bonus
Cons
  • Premium cash back rewards are capped on a selected spending category
  • Charges foreign transaction fees
  • Short introductory APR period

  • Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
  • Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
  • Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.

Read Full
Review

Intro APR
0%
Regular APR
16.49% - 26.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
  • Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don't expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
  • You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 16.49% to 26.49% will apply.
  • Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
  • Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
  • Offers flexible redemption options
  • Doesn’t charge annual fees
  • With sign-up bonus
Cons
  • Premium cash back rewards are capped on a selected spending category
  • Charges foreign transaction fees
  • Short introductory APR period
  • Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
  • Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
  • Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.

Read Full Review

Apply Now

on Bank of America® Business Advantage Customized Cash Rewards Mastercard® Credit Card's secure website.

U.S. Bank Business Triple Cash Rewards World EliteTM Mastercard®

U.S. Bank Business Triple Cash Rewards World Elite Mastercard®

BEST FOR:

0% APR for 15 billing cycles

Apply Now

On US Bank's Secure Website

Intro APR
Regular APR
18.49% - 27.49% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good

  • Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.49% - 27.49%.
  • No annual fee.
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
  • Terms and conditions apply

Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances

  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.

Read Full
Review

Intro APR
Regular APR
18.49% - 27.49% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
  • Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
  • Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
  • Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back on all other eligible net purchases.
  • Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
  • No limit on total cash back earned.
  • Rewards never expire.
  • Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.49% - 27.49%.
  • No annual fee.
  • Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
  • Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
  • Terms and conditions apply
Pros
  • 0% APR applies to both purchases and balance transfers
  • Unlimited cash back rewards
  • No annual fee
Cons
  • Balance transfer fee is charged even during the introductory period
  • Intro APR doesn’t apply to cash advances
  • MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
  • Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
  • Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.

Read Full Review

Apply Now

On US Bank's Secure Website

See our guides on the best cash back business credit cards and leading best small business credit cards for more options.

Bottom Line

The Citi® Double Cash Card is a viable option for those who want to be rewarded for paying the minimum due on time and need an interest-free financing period on balance transfers. It lets you earn 2% cash back on purchases—1% when you buy, plus 1% when you pay for the purchases. It also has a 0% introductory APR on balance transfers for 18 months from the first completed transfer, provided that transfers are made within four months from the account opening date.

About the Author

Nancy Fernandez
Nancy Fernandez

Nancy Fernandez is a credit card expert at Fit Small Business. Prior to joining FSB, Nancy spent almost four years as a research analyst, specializing in Consumer Insights and Behavior.