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This article was last updated Sep 17, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
Who the Citi® Double Cash Card – 18 month BT offer is best for
The Citi® Double Cash Card – 18 month BT offer from our partner Citi, is a top-notch cash-back card that comes with a good balance transfer offer. If you’re struggling with credit card debt and looking for a way out, the Citi® Double Cash Card – 18 month BT offer provides a long intro period of 0% for 18 months on balance transfers. Once the intro period ends, the APR goes to 15.49% - 25.49% (Variable).
Plus, you’ll earn 2% cash back on purchases: 1% when you buy plus 1% as you pay. That makes this card a great option for people who want to use it for more than just a balance transfer.
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.
0% for 18 months on Balance Transfers
15.49% - 25.49% (Variable)
- Earn cash back twice. Earn 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.
- Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% – 25.49%, based on your creditworthiness.
- Balance Transfers do not earn cash back.
- The standard variable APR for Citi Flex Plan is 15.49% – 25.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
See additional details for Citi® Double Cash Card – 18 month BT offer
The Citi® Double Cash Card – 18 month BT offer is not designed for people looking to finance a large purchase, since there is no introductory APR for purchases. If you want an extended period of time to pay off purchases without incurring interest charges, you’ll be better off with the Citi Simplicity® Card - No Late Fees Ever or Citi® Diamond Preferred® Card.
Currently, you can only redeem your cash back for checks or statement credits — which is not ideal if you want to earn rewards to redeem directly for flights or other merchandise. However, starting in the fall of 2019, cardholders will be able to convert cash back to Citi ThankYou points — which can be redeemed for gift cards, travel purchases at select retailers and more.
Also, if you have bad or fair credit, you will not qualify for this card, as excellent/good is needed.
Where this card stands out in its category
The Citi® Double Cash Card – 18 month BT offer card is a leader among cash-back cards, as well as a good option for balance transfers. When it comes to the cash-back rewards, you earn at a consistently high rate on all purchases — Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.. There are no rotating bonus categories or caps on how much you can earn, making this card straightforward and simple to use. The intro offer of 0% for 18 months on balance transfers ( 15.49% - 25.49% (Variable), APR thereafter) provides a few more months than most balance transfer cards, allowing you a bit more time to pay off your balance and save money on interest.
Where this card falls short in its category
This card lacks an intro period for purchases, which most balance transfer cards offer. Therefore, if you plan on financing a purchase, this card isn’t a good choice. Additionally, there is a balance transfer fee of 3% of each balance transfer; $5 minimum. That’s typical of balance transfer cards, but you can save money by finding a card without a transfer fee — though you may sacrifice rewards and a long intro period.
Additional card benefits
The Citi® Double Cash Card – 18 month BT offer has numerous benefits on top of a fantastic cash-back program and balance transfer offer:
- Citi® Private Pass®: With this card you’ll get exclusive access to entertainment events including concerts, sporting events, dining events and more. Go to citiprivatepass.com for more information.
- 24-hour fraud protection: Citi will alert you if they encounter fraud on your card.
- Citi® Identity Theft Solutions: This service allows you to get help from a Citi® Identity Theft specialist to deal with the fallout of identity theft or credit fraud, even if it happened on a card from a different company.
- Choose your payment due date: You can choose from select dates in the beginning, middle or end of the month to make your payment. Not all dates are available, and you can only change your due date twice a year.
- 24/7 customer service: Call the number on the back of your card and just say, “Representative,” and you can get help with your account, 24 hours a day.
- Citi® Concierge: You can contact the concierge service by phone or email at any time for help with a variety of needs such as travel, shopping, dining and more.
- Apple Pay®: You have the ability to add your card to Apple Pay® for hassle-free payments.
How to use it most effectively
To benefit the most from this card, be sure to complete your transfer within four months from account opening to take advantage of and maximize the benefit of the intro offer. After completing your transfer, make regular monthly payments with the goal of paying your balance in full before the end of the intro period. Citi won’t charge you a late fee the first time you miss a payment due date, which can give cardholders peace of mind, but it’s a good idea to avoid the risk of missing payments and set up autopay.
As far as the cash-back program goes, don’t spend more than you need to just to earn rewards. If you spend beyond your means and end up in debt, overdue balances are charged an APR of 15.49% - 25.49% (Variable) after the intro period ends, which may outweigh cash-back rewards.
This card is the leader when it comes to flat-rate cash-back cards. You will Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.. The cash back you earn from paying your bill is a great incentive to pay your statement in full as soon as possible so you can enjoy your cash back quicker.
How to do a balance transfer with Citi
A balance transfer with the Citi® Double Cash Card – 18 month BT offer cannot exceed your available credit limit. This includes the total amount of your balance transfer plus balance transfer fees. For example, if your credit limit is $10,000, your transfer cannot exceed $9,708 because there would be a $291.24 balance transfer fee. You must complete your transfer within four months from account opening to enjoy the 0% intro period.
Here’s how to complete your balance transfer online: From your account dashboard you should see a link stating you’re eligible for a balance transfer in the same box as your account summary. Select “View Offer” to see your balance transfer offer. Once you “Select Offer,” proceed to enter your transfer information and verify and submit your transfer. The balance transfer can take at least 14 days to process, so continue to make payments on your other account until the transfer is complete. Your pending transfer will be listed in the “Your Balance Transfer Requests” section, along with the current status of your request. Once Citi has approved and fully processed your balance transfer request, the information will move to the “Your Balance Transfer” section where you will see the amount you transferred and when the promotional rate will expire.
Compare it with the Chase Slate® credit card
The Citi® Double Cash Card – 18 month BT offer edges out the Chase Slate® credit card in multiple ways. The two most significant benefits of the Citi® Double Cash Card – 18 month BT offer are the longer intro period and the cash-back rewards program. Citi® Double Cash Card – 18 month BT offer’s longer 0% intro period for balance transfers will provide you a few extra months to pay your balance without interest. The Citi® Double Cash Card – 18 month BT offer also has a rewards program and the Chase Slate® credit card does not. The rewards-earning potential makes the Citi® Double Cash Card – 18 month BT offer a better choice for people who want to earn cash back and plan on using this card after the balance transfer intro period.
Although the Citi® Double Cash Card – 18 month BT offer provides great benefits, the Chase Slate® credit card may be a better option for people who are more focused on completing a balance transfer and aren’t interested in earning rewards, since there is an intro balance transfer fee of $0 for the first 60 days that your Account is open, after that, either $5 or 5% of the amount of each transfer, whichever is greater. This can save you hundreds of dollars, depending on the size of the balance you plan on transferring. See below for a breakdown of the key elements of both cards.
0% Intro APR on Purchases and Balance Transfers for 15 months*
$0 for the first 60 days that your Account is open, after that, either $5 or 5% of the amount of each transfer, whichever is greater.
16.49% - 25.24% Variable
- 0% Intro APR for 15 months on purchases and balance transfers. After that, 16.49% - 25.24% variable APR.
- $0 Intro balance transfer fee for the first 60 days your account is open. After that, the fee for future transactions is 5% of the amount transferred with a minimum of $5.
- Free credit score, updated weekly with Credit Journey ℠
- No Penalty APR – Paying late won’t raise your interest rate (APR). All other account pricing and terms apply
- No annual fee
See additional details for Chase Slate®
|Citi® Double Cash Card – 18 month BT offer||Chase Slate®|
|Balance transfer terms||0% for 18 months on Balance Transfers||0% Intro APR on Balance Transfers for 15 months|
|Balance transfer fee||3% of each balance transfer; $5 minimum.||Intro $0 for the first 60 days that your Account is open, after that, either $5 or 5% of the amount of each transfer, whichever is greater.|
|Ongoing APR||15.49% - 25.49% (Variable)||16.49% - 25.24% Variable|
|Transfer period||Four months from account opening||60 days from account opening|
|Rewards||Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.||Non-rewards card|
If you want to earn cash back on new purchases without rotating categories, the Citi® Double Cash Card – 18 month BT offer has one of the best flat-rate cash-back programs on the market. Additionally, this card is a good option if you have credit card debt and need a while to pay it off. This card also gives you the ability to transition from focusing on paying off debt to a rewards-earning strategy without having to open a new credit card.