Travel Rewards Credit Cards

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May 11

Citi Double Cash Card: The Best Credit Card for Most People

A few days ago, I was asked for a credit card recommendation by a friend. I went into my diatribe about the various cards, benefits, etc. She listened patiently for a minute and then said, “I just want a card to use for everything. I don’t have the time to sort through my wallet and figure out things like which card gives me the best bonus at a supermarket on the Tuesday following a state holiday.” Or something to that effect. Fair enough. That’s a conversation that takes about two seconds.

Citi Double Cash: 2% on Everything

citibank double cash

No, not that kind of 2%.                                                                 Photo Credit: Creative Commons

There’s an easy solution to my friend’s question. If you want a no-muss, no-fuss credit card, get the Citi Double Cash Card. You’ll get 2% back on every purchase (a percent when you buy and a percent when you pay), regardless of what you are paying for. The card has no sign-up bonus, but it also has no annual fee. Problem solved.

There are some disadvantages to the card. As I mentioned above, this is the tl;dr version of credit cards, appropriate for most of the population. For example, you won’t get the premium bonuses, such as the 6% back at supermarkets that the Amex Blue Cash Preferred would give you, or any extra points for categories such as travel or dining. There are also fewer “soft” perks with the card, i.e., experience benefits, such as a high-end concierge service.

One other problem with this card: It carries a 3% foreign exchange fee if you use it abroad. Thus, I would pair it with a Discover card or no-annual fee Capital One product. That way, you’re covered if you’re traveling.

The Bottom Line

If you don’t feel like holding a packed wallet or always wondering which card to use where, get the Citi Double Cash. It will get you an excellent rebate on every purchase.

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