The Citi Double cash card is a cash reward card which provides you with two percent back on all of your purchases: at gas stations, restaurants and even online. The reward rate on this card is nearly identical to that of the cash reward rate offered by the Citi Double Credit Card. The only differences are that you get one percent back on both cash and travel purchases, and you can earn up to six percent back on other purchases.
The rewards rate is based on the amount of cash that you apply for and the amount of credit that you have available in your account. The more cash that you have available, the higher the reward rate becomes. The better your credit score, the greater your rewards rate will be.
If you have a low balance and no outstanding debt, this card will likely not affect your credit score. However, if you have a large balance and have outstanding debts such as medical bills or car loans, you may want to consider other cards before you apply. You may find that the rewards rate is higher for this particular card than other cards. This may be due to the high credit limit of the cards. If you have a large balance, you could end up paying more for the reward rate than with a low balance.
Another factor that may affect the cash rewards offered by the Citi cash card are the interest rates offered by the bank which issued your card. This is because these banks offer higher interest rates than other banks. You may find that the interest rate is lower than that of other cards, but if you can only qualify for the cash rewards on this card, you may find that you would pay more for the interest. There are some companies that offer cash rebates, but their terms and conditions differ from those of other companies.
When looking for a card, it is important that you do not allow your personal needs to outweigh your financial goals. If you are looking for a credit card because you have a large balance and have good credit, you may want to think twice about applying for the rewards offered by a card with an introductory period. If you are looking for a card simply cash reward card because you are short of cash and need to get some extra money into your pocket, you may want to choose the cards that offer cash incentives and no interest rates.
Be sure that you read the fine print on any card offers that you are considering. The terms will usually include information on the interest rate, rebates and annual fees. It is important that you understand these details and take the time to find the best interest rate for you. Be sure that you do not apply for a credit card which is over your credit limit, because if you are unable to pay off the balance in time, your interest rate will continue to rise and you will have to pay more in interest.