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
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.Want to subscribe? Just enter your email in the box above (and to the right) and click on the confirmation. GMailers, check your Social or Promotions boxes!
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And finally, you can apply for credit cards through the Credit Cards for Charity link above. All card proceeds are donated to charity, so please do well by doing good!