Rewards Credit Cards

Citi® Double Cash Card – 18 month BT Offers a Simplified Rewards Option

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There's no better time to be a credit card rewards junkie than right now. There are so many amazing sign-up bonus offers and new cards with rich features that it's a bit dizzying. But with many of these credit cards, you need to think carefully about where you spend the most money in order to choose the right one for you. And when you have a few different reward cards, you have to remember which one to use in which situation to get the maximum benefit.

Find the best cash back credit cards in Experian CreditMatch.

Let's say this is what your wallet looks like: There's the Blue Cash Preferred® Card from American Express, which gets you 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%); the Chase Sapphire Preferred® Card, which earns 2 points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases; and the Discover it® Cash Back, which offers 5% cash back on rotating categories up to the quarterly maximum each time you activate.

These are all excellent credit cards, and if you're the type of person who has the time to carefully strategize and remember which card to use for each purchase, you can definitely reap a lot of rewards in terms of cash back and points for airline travel.

But that can get exhausting for people who don't want to think about what credit card to use every time they go to make a purchase, or to pour over your purchases to determine the best card for your needs. What's more, it can be frustrating to realize you left money on the table when you accidentally use the wrong card.

Enter the Citi® Double Cash Card - 18 month BT offer from our partner Citi.

I've had this credit card for a few years now, and I absolutely love it—because I never have to think too hard about what card to use when. I know that I'm going to get a total of 2% cash back on every single purchase I make. Sure, when I need to book travel, I may use one of my other cards to turbocharge my rewards, but this one is my go-to for everyday purchases because it offers one of the best cash back rates around.

How the Card Works

Annual Fee: $0
APR: 13.99% - 23.99% (Variable)

The Citi® Double Cash Card - 18 month BT offer rewards structure is a little different from most credit cards. First, you earn 1% cash back on every single purchase you make. Then, when you pay off your balance each month, you earn another 1%. It's great incentive to make sure you're paying off the card because you get some free money in the process. There are no caps on the number of awards you can earn.

And a flat 2% cash back rate is one of the best around, especially without an annual fee. Other cash back cards often offer 1.5% flat cash back. Even cards like Discover it® Cash Back and Chase Freedom® that offer 5% cash back on rotating categories only offer 1% back on everything else, so sometimes your earnings could end up just being a wash.

The rewards are easy to use, as well. You have the option of getting a gift card, statement credit, direct deposit or check, and you don't have to redeem them in certain increments or when you have a minimum amount. If you earned $17.03 in rewards during one billing period, you can immediately get $17.03 back.

Finally, Citi is currently offering one of the best balance transfer rates available: 0% introductory APR for 18 months, plus a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. (Balance transfers must be completed within four months of opening the account.) After that, the variable APR will be 13.99% - 23.99% (Variable) based on your creditworthiness.

Find the best cash back credit cards in Experian CreditMatch.

Some Drawbacks to Consider

While it is an excellent flat-rate cash back card, it's not perfect. There's no lucrative sign-up bonus for opening an account—in fact, there's no sign-up bonus at all. I was mostly OK with that because I took advantage of a sign-up bonus on my travel rewards card. But some users may be tempted by some of the hefty bonus offers out there.

Finally, the interest rate on this card is definitely somewhat high. So if you carry a credit card balance or miss a payment, you're going to be paying a lot more than you would on another card. That would also wipe out much of the cash back rewards you'd earn.

That doesn't matter to me—I never carry a balance, so I simply reap the rewards. But if you're worried about not being able to pay it off in full occasionally, then you're probably better off with a different card that offers a lower interest rate.

You can find more cash back credit cards here.

All information about the Chase Freedom® has been collected by Experian and has not been reviewed or provided by the issuer of the card. Offer details may be outdated.