Another 1% as you pay to give you a total of 2% cash back it’s loaded with a bunch of gems but it does have a few duties to it I’m gonna take you through a full review of the card and help you decide if this card is for you and if the gems outweigh the doodoos hey ker it’s tri what kind of money growth Academy where we demystify personal finance simplify credit cards and multiply your earnings before we get going hit that like button cuz you already know this is gonna be a good one and make sure to subscribe we need your love guys so first off who is this card even for well if you love cash back with no annual fees then the citi double cash card is gonna be the card for you.
There’s no need to worry about whether you’re getting maximum value from your points in miles since you’ll simply earn cash back as a checked statement credit gift card or deposit into your banking account now there are a lot of pros or well call in this review gyms for starters there are no annual fees now a lot of times with cash back cards you’re gonna get annual fees attached to them and my issues with those are if you aren’t spending enough money and the fee ultimately outweighs the rewards.
Cash back Card
So watch out for that when you’re checking for cards guys but you don’t have to even worry about that with this card spend as little or as much as you want the beauty of this card is its simplicity the structure is simple you get two percent cash back for each purchase so let me break it down again it’s 1% when you purchase and then 1% when you pay your bill there’s also no rotating categories like most cash cards and no caps to how much you can earn back it’s simply just 2% back all the time on everything now I love it because you won’t end up standing at the checkout counter trying to fumble through your cards to figure out what car to use based on what category it is the month’s spending limit astrological positioning in the Solar System or any of that other crap.
I especially love this card because the cash back is simple it doesn’t take any tricky algorithms that require you to have a calculus degree to figure out how many points or miles you have now another cool thing is they do offer an introductory 0% APR for 18 months on balance transfers so if you have other cards with high APRs it might be smart to transfer those balances to this card now all balance transfers do have to be completed within the first four months of opening your card and require a fee of five dollars or three percent of the balance you transfer it now and that’s whichever is greater so the normal APR in this car is fifteen point seven four to twenty five point seven four so if you do transfer your high entrance balance to this card make sure you’ve planned ahead.
Citi Double Cash Back Card
So you can take advantage of the 0% APR and pay off your balance within the first 18 months and just a heads up on that balance transfer so you don’t get too excited you won’t earn any cash back on balance transfers all right and if you transfer a balance interest will be charged on your purchases unless you pay your entire balance by the due date each month now with that being said we’ve got some other cards that we’ll be talking about in other videos that will be coming out so you want to make sure to subscribe and honestly out of the other cards that we’ve looked at that offer 0% APR on balance transfers Citi double cash card offers one of the longest introductory 0% APR periods for balance transfers and a staggering 18 months guys now when you’re ready to apply for this card.
It is recommended you have a good credit card score so they’re looking for around a six ninety or higher so do keep that in mind with this card now it also does come with some perks such as the fact that your first late payment will be waived now at money growth Academy we always advise you being responsible and paying on time but it’s a nice perk for an emergency situation because no matter how well you prepare emergencies do eventually end up happening even to the most prepared.
So it’s a nice part another perk you might enjoy especially if you love bargaining finding deals or clipping out coupons I was not a coupon user I am so proud I could bust finding coupons is easy because they’re everywhere open up your eyes because you’ll find coupons and places you aren’t expecting clipping out coupons is the city price it rewind now if you register your purchases online they’ll notify you of lower prices on those items and refund the difference which is super nice you can read all the details of that down below in the link now you also get access to citi private pass offers.
which is special access to entertainment deals and tickets to special events and you do get car rental insurance with this card as well now probably two of the best perks that come with the citi credit card is their damage and theft detection and their extended warranty the damage and theft protection covers up to have thousand dollars for each item and $50,000 in a year and this covers purchases within 120 days now you might have heard me talk about this in the Apple credit card video the extended warranty that citi offers when I compared the two cards and you can check out that video right here actually now the cool thing is the extended two-year warranty kicks in after the manufacturer’s warranty expires so let’s say you buy a laptop from Best Buy okay