Citi Double Cash vs. Citi Custom Cash | Which Card is Best?
12.3 هزار بار بازدید -
3 سال پیش
-
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Double Cash Review: Citi Double Cash Credit Card | Still ...
Custom Cash Review: Citi Custom Cash Card Review | Automa...
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🏦 SoFi Complete Money Management
➤ Checking & Savings - https://magnified.reviews/SoFi
➤ Credit Card - https://magnified.reviews/SoFiCreditCard
➤ Invest - https://magnified.reviews/SoFiInvest
➤ Budgeting - https://magnified.reviews/SoFiRelay
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➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime
➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder
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💳 Favorite Credit Cards
➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr...
➤ Capital One Venture X - https://magnified.reviews/VentureX
➤ Chase Ink Business - https://magnified.reviews/Ink-Business
➤ Amex Green - https://magnified.reviews/Amex-Green
➤ Amex Platinum - https://magnified.reviews/Platinum
➤ Amex Business Gold - https://magnified.reviews/BusinessGold
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📊 Wealthfront Automated Investing
➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront
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💵 Current Card
➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard
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So I do want to brush up on the features of each card in this video but if you do want it really in-depth look at either of these credit card options then you know the drill, I have done separate reviews on both the Citi custom cash and double cash cards so I’ll be sure to link to those down in the description below. Alright so in order to decide which one might be the better option for you we're going to look at 3 major categories which would be welcome bonuses, cashback in rewards, and of course everyone's favorite category, fees. So first let's start off with the welcome bonuses which a lot of times is the reason why people get a particular credit card in the first place
When it comes to welcome bonuses, the newer custom cash card offers you $200 in cashback when you spend $750 on purchases within the first three months of having this card. Now $200 isn't anything crazy but it's still a pretty great offer for this tier of credit card plus a $750 spending requirement in the first three months is not that high in my opinion considering most of us probably have a few $100 in expenses each month and that means it'll be pretty easy to hit that $750 spending requirement and get your $200 in cashback. Now, the Citi double cash card on the other hand has a pretty crazy signup offer of nothing. This has been one of the biggest complaints with the Citi double cash card since it was originally launched so while it obviously loses in this category, the fact that the Citi double cash card doesn't have one either isn't that big of a deal in my opinion.
At the time of recording this video and for as long as I have known about these Citi double cash card, it is offered a flat 2% cashback across the board on all eligible purchases which comes to you in the form of 1% when you buy and 1% when you pay off the card. Currently the Custom cash card gives you 5% cash back on up to $500 in spending each month and everything above that spending limit as well as all of your spending in every other category is going to earn unlimited 1% cash back which is still fairly decent.
Both of these cards have no annual fee which is a great place to start and not that this should matter at all but they do have the exact same variable interest rate but again please always pay off your cards on time every time and if you ever end up paying interest on this card then you really should just cut it up and throw it away because you're not using it properly.
It's really going to come down to your spending habits and as a general rule of thumb, if you spend well over $2,000 per month on your card then in most cases the Citi double cash card is going to be the best option because it offers 2% across the board with no spending limits. However if you are just getting started with credit cards or you don't spend a lot on your credit cards and maybe you only spend $500 or so each month, then it's very likely that the custom cash card will be the better option because you can get 5% cash back on your top spending category up to $500 in spending.
Music from Epidemic Sound
Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Click “Show More” to see my Favorite Financial Tools
Double Cash Review: Citi Double Cash Credit Card | Still ...
Custom Cash Review: Citi Custom Cash Card Review | Automa...
▽MY FINANCIAL TOOLS▽
🏦 SoFi Complete Money Management
➤ Checking & Savings - https://magnified.reviews/SoFi
➤ Credit Card - https://magnified.reviews/SoFiCreditCard
➤ Invest - https://magnified.reviews/SoFiInvest
➤ Budgeting - https://magnified.reviews/SoFiRelay
----------
💰 Chime Fully Online Banking
➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime
➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder
----------
💳 Favorite Credit Cards
➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr...
➤ Capital One Venture X - https://magnified.reviews/VentureX
➤ Chase Ink Business - https://magnified.reviews/Ink-Business
➤ Amex Green - https://magnified.reviews/Amex-Green
➤ Amex Platinum - https://magnified.reviews/Platinum
➤ Amex Business Gold - https://magnified.reviews/BusinessGold
----------
📊 Wealthfront Automated Investing
➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront
----------
💵 Current Card
➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard
----------
📸 MY CAMERA GEAR
➤ My Camera: https://magnified.reviews/Camera
➤ My Microphone: https://magnified.reviews/Microphone
➤ My Lights: https://magnified.reviews/Lights
So I do want to brush up on the features of each card in this video but if you do want it really in-depth look at either of these credit card options then you know the drill, I have done separate reviews on both the Citi custom cash and double cash cards so I’ll be sure to link to those down in the description below. Alright so in order to decide which one might be the better option for you we're going to look at 3 major categories which would be welcome bonuses, cashback in rewards, and of course everyone's favorite category, fees. So first let's start off with the welcome bonuses which a lot of times is the reason why people get a particular credit card in the first place
When it comes to welcome bonuses, the newer custom cash card offers you $200 in cashback when you spend $750 on purchases within the first three months of having this card. Now $200 isn't anything crazy but it's still a pretty great offer for this tier of credit card plus a $750 spending requirement in the first three months is not that high in my opinion considering most of us probably have a few $100 in expenses each month and that means it'll be pretty easy to hit that $750 spending requirement and get your $200 in cashback. Now, the Citi double cash card on the other hand has a pretty crazy signup offer of nothing. This has been one of the biggest complaints with the Citi double cash card since it was originally launched so while it obviously loses in this category, the fact that the Citi double cash card doesn't have one either isn't that big of a deal in my opinion.
At the time of recording this video and for as long as I have known about these Citi double cash card, it is offered a flat 2% cashback across the board on all eligible purchases which comes to you in the form of 1% when you buy and 1% when you pay off the card. Currently the Custom cash card gives you 5% cash back on up to $500 in spending each month and everything above that spending limit as well as all of your spending in every other category is going to earn unlimited 1% cash back which is still fairly decent.
Both of these cards have no annual fee which is a great place to start and not that this should matter at all but they do have the exact same variable interest rate but again please always pay off your cards on time every time and if you ever end up paying interest on this card then you really should just cut it up and throw it away because you're not using it properly.
It's really going to come down to your spending habits and as a general rule of thumb, if you spend well over $2,000 per month on your card then in most cases the Citi double cash card is going to be the best option because it offers 2% across the board with no spending limits. However if you are just getting started with credit cards or you don't spend a lot on your credit cards and maybe you only spend $500 or so each month, then it's very likely that the custom cash card will be the better option because you can get 5% cash back on your top spending category up to $500 in spending.
Music from Epidemic Sound
Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
3 سال پیش
در تاریخ 1400/05/18 منتشر شده
است.
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