Key takeaways
- The Citi Rewards+® Card affords a no-annual-fee choice for incomes Citi ThankYou factors, which notice their finest worth when mixed with rewards earned by way of a Citi journey bank card.
- The Citi Double Money® Card rewards accountable bank card habits by providing 1 % money again once you purchase and one other 1 % money again once you pay to your purchases.
- Each playing cards function intro APR affords, however they differ considerably. The perfect one for you’ll rely in your distinctive wants.
Citi has a few choices that would be just right for you if you happen to’re on the hunt for the very best rewards bank card to fit your way of life and spending habits. The Citi Rewards+® Card affords its highest rewards in your fuel and grocery spending, whereas the Citi Double Money® Card affords limitless flat charge money again once you spend on the cardboard after which repay your purchases.
Basically, the Citi Rewards+ is for individuals who need factors again on fuel and grocery spending with the choice to rack up a couple of further factors by way of bonuses and rounding up. Double Money is nice for many who desire a easy set-it-and-forget-it option to earn limitless money again on all their spending.
Nevertheless, it helps to know a little bit extra about a number of the playing cards’ options and advantages so as to select the one which works finest for you. Right here’s how these Citi playing cards evaluate to one another.
Foremost particulars
| Citi Rewards+ Card | Citi Double Money Card | |
|---|---|---|
| Welcome bonus | 20,000 bonus factors after spending $1,500 in purchases in your card inside 3 months of account opening | Earn $200 money again after you spend $1,500 on purchases within the first 6 months of account opening. This bonus supply might be fulfilled as 20,000 ThankYou® Factors, which could be redeemed for $200 money again. |
| Rewards charge |
|
|
| Intro APR | 0% intro APR for 15 months on stability transfers made inside the first 4 months and on purchases (18.74% to twenty-eight.74% variable APR after) | 0% intro APR for 18 months on stability transfers made within the first 4 months (19.24% to 29.24% variable APR after) |
| Annual price | $0 | $0 |
Citi Rewards+ Card vs. Citi Double Money Card highlights
Welcome bonus winner
Rewards charge winner
Introductory APR winner
Which card earns probably the most?
Citi Rewards+ vs. Citi Double Money Card spending instance
The typical family earned $94,003 in 2022 whereas spending $72,967, based on the U.S. Bureau of Labor Statistics. In addition they broke down numbers from discretionary classes like groceries, fuel and leisure that we will apply to the Citi Rewards+ and Citi Double Money playing cards to see what you stand to earn by way of rewards.
| Annual spending | Quantity | Citi Rewards+ Card (factors)* | Citi Double Money Card (money again)** |
|---|---|---|---|
|
*These values don’t consider the “rounding up” function of Citi Rewards+. Do not forget that for every buy, Citi rounds your earnings as much as the closest 10X factors. It signifies that quite a few small purchases will finally earn extra rewards than a couple of bigger purchases. This desk additionally doesn’t consider the annual 10 % redemption bonus with Rewards+.
**Double Money rewards figures assume the cardholder has paid for all these purchases to be able to earn the complete 1 % once you purchase and one other 1 % once you pay. |
|||
| Groceries and fuel (mixed to exhibit factors incomes situation) | $5,703 (groceries) $3,120 (fuel) |
12,000 (2x factors on first $6,000 spent) | $176.46 |
| Groceries and fuel spending over $6,000 cap | $2,823 | 2,823 | N/A |
| Restaurant | $3,639 | 3,639 | $72.78 |
| Attire and providers | $1,945 | 1,945 | $38.90 |
| Leisure | $3,458 | 3,458 | $69.16 |
| Private care services and products | $866 | 866 | $17.32 |
| First-year worth (together with welcome supply) | – | 44,731 (price $223.65 money again or $447.31 in reward playing cards) | $374.62 |
| Second-year worth | – | 24,731 (price $123.65 in money again or $247.31 in reward playing cards) | $374.62 |
By way of worth, you stand to appreciate a great bit extra with the Citi Double Money if you happen to’re considering straight money again. Citi Rewards+ ThankYou factors are price simply 0.5 cents every when redeemed for money again, so it’s finest to redeem ThankYou factors in different methods — or, higher but, mix these factors with a premium card just like the Citi Strata Premier Card to your finest worth choices.
Why do you have to get the Citi Rewards+ Card?
The Citi Rewards+ Card is price it for you if you happen to spend solely reasonably on fuel and groceries and sometimes make quite a few smaller purchases slightly than a couple of giant purchases in your card. If you happen to spend way more than $6,000 a 12 months on fuel and groceries, then you definately may really feel considerably restricted by the cardboard’s rewards construction. On this case, you may go for the Double Money Card or different rewards playing cards that concentrate on grocery retailer purchases and fuel station spending.
Additional, the Rewards+ is finest for folks considering redeeming rewards for one thing apart from money, similar to for reward playing cards or charitable donations. Finest case is combining these factors with ThankYou factors earned with a premium Citi journey card.
Further advantages
Along with its welcome bonus, round-up function, annual redemption bonus and intro APR supply, Citi Rewards+ Card advantages embody normal Mastercard advantages, like $0 legal responsibility on unauthorized purchases and identification theft safety providers. Plus, you’ll get pleasure from entry to Citi Leisure, which affords alternatives for presale tickets, occasions and extra. Occasions may embody music festivals, professional soccer video games and even high-end restaurant experiences.
Redemption choices
You’ll be able to redeem your ThankYou factors in a couple of other ways:
- Reward playing cards
- Store with factors on Amazon.com or PayPal
- Donations
- Assertion credit (price lower than 1 cent per level)
- Money (price lower than 1 cent per level)
- Cost towards pupil loans and mortgage
- Level switch and sharing
- On-line invoice pay
Really helpful credit score rating
You’ll want good to glorious credit score (670 by way of 850) to qualify for this card.
Why do you have to get the Citi Double Money Card?
The Citi Double Money Card is price it for many who desire a easy course of for incomes a flat charge of money again on all of their spending. There aren’t any gimmicks, caveats or particular classes to trace.
Basically, it’s designed to reward individuals who spend on the cardboard after which pay down their purchases, which helps you to simply earn 2 % money again and with none limits. For some, the simplicity is simply too good to cross up.
Further advantages
Along with the lengthy intro APR on stability transfers, the cardboard affords advantages like $0 fraud legal responsibility, 24-hour fraud safety, identification theft providers and entry to Citi Leisure.
Redemption choices
Redemption choices to your money again rewards embody assertion credit, direct deposit, test and ThankYou factors redemption. If you happen to select, you’ll be able to redeem your rewards as factors for reward playing cards, journey by way of Citi or Store with Factors on Amazon or PayPal. You can even mix them with ThankYou factors earned by way of different playing cards.
Really helpful credit score rating
As with the Citi Rewards+ card, you’ll want good to glorious credit score (670 by way of 850) to qualify for this card.
The underside line
Citi is an issuer that has pioneered some nice affords within the bank card rewards area. Particularly, the Citi Double Money Card is a perennial hit as a consequence of its excessive charge of limitless money again.
The Citi Rewards+ Card has a decent rewards charge, plus a couple of quirks that would assist cardholders rack up barely extra rewards within the type of ThankYou factors. Sadly, the Citi Rewards+ ThankYou factors are price half of the money again you possibly can get with the Double Money Card if you happen to go for money or assertion credit — a deal-breaker for some.
As all the time, contemplate different choices from our record of in the present day’s finest rewards bank cards in case one other card piques your curiosity.
*Details about the Citi Premier® and Citi Status® Credit score Card has been collected independently by Bankrate. The cardboard particulars haven’t been reviewed or permitted by the cardboard issuer.
