Citi Bank is one of the largest financial institutions in the United States. Thanks to years in the market, it is a versatile company that offers all the necessary benefits to its customers. To please the consumer, the financial institution has a wide variety of credit cards that can use inside and outside the country.
The Citi Double Cash is one of the most requested credit cards thanks to its great benefits and reimbursement policy for every percentage of the purchase. It is a card you can also take on trips abroad and continue accumulating points to exchange for cash. Are you traveling and want to know if Citi Double Cash has foreign transaction fees? We will answer your questions in the following lines.
What are the benefits of the Citi Double Cash card?
The Citi Double Cash card is one of the dozens of credit cards offered by the bank. This particular one is highly sought after thanks to its cash back rewards benefits. It earns 2% cash back on purchases; the company pays you 1% for purchase and another 1% for payment, adding up to two percent in currency back.
If you’re thinking about opting for the Citi Double Cash card, here are its benefits
It’s convenient and practical
The Citi Double Cash card is ideal because of its 24/7 customer service. Customer service agents are available 24 hours a day, seven days a week. If you have questions or need assistance, you can call 1-800-347-4934.
The card is made with a modern contactless chip payment system. The idea is that the customer touches the card with the store’s payment reader and pays without further inconvenience. In addition, the financial institution allows you to use a variety of virtual wallets and applications for payment in stores.
Security and protection
The company has an elaborate 24-hour fraud protection system. The goal is that Citi will alert you if it detects any unusual movement in your account.
We recommend you enroll free in the Identity Theft Protection Program MasterCard offers. This way, you can further protect your Citi Double Cash card and be alerted if you see suspicious activity.
If for some reason, your card is lost or stolen, the company has an instant replacement system. It is estimated that you will have a replacement card within 24 hours of your request.
With the Citi Entertainment program, you can access the purchase of special tickets for events, concerts, dining experiences, sporting events, and more. This benefit allows you to access keys, presale tickets, and exclusive experiences for Citi Double Cash customers.
Does Citi Double Cash have foreign transaction fees?
The Citi Double Cash credit card charges 3% of the total amount in U.S. dollars. This percentage is standard among cards with foreign purchase fees, but if you’re traveling, this may not be a great option if you want to use it very often to pay. Citi has other cards with no foreign purchase fees.
It’s important to know that this fee is also charged online payments to international merchants. The same rule applies if the purchase is delivered in the U.S., but a foreign bank is involved. The process for charging interest is as follows:
- I will convert the transaction in that currency to U.S. dollars
- After the conversion, Citi adds the 3% foreign payment fee
- The transaction is completed
Cash back program
The Citi Double Cash card is one of the most sought-after cards thanks to its cash-back policy for your purchases. With the card, you get 2% cash back on purchases paid as follows: 1% for purchase and 1% for payment. The card requires no annual fee and has the following benefits:
- For a limited time, earn $200 in cash back for paying $1,500 in purchases in the first six months of account opening
- Earn money back twice on every purchase: an unlimited 1% cash back when you buy and an additional 1% cash back when you pay
- 0% introductory APR interest for the first 18 months on balance transfers. At the end of this term, you will have an APR between 16.24% and 26.24%
- Pay a 3% fee for each transfer of $5 or more. Balance transfers must be completed within four months of account opening. Transfers also do not generate cash refunds
Frequently Asked Questions about the Citi Double Cash Card
The Citi Double Cash card has many benefits for purchases within the United States, but it can also be used abroad with a 3% fee for each purchase. If you have any questions, we have prepared some frequently asked questions from users:
How do I redeem the rewards?
The Citi Double Cash credit card allows you to redeem your points like this:
- You can redeem “ThankYou Points” for cash back as an account credit or a deposit to your account. For example, 10,000 ThankYou Points are converted into a $100 account credit or a promise to your bank account
- You can redeem points for other rewards such as gift cards, Amazon points, travel discounts, and more
Please note that there is no minimum to exchange for a credit or direct deposit to your account.
Do ThankYou Pints expire?
As long as the account is open and active, points do not expire. If you close your account or switch to another card that does not have these benefits, the program gives you 60 days to redeem the points or lose them.