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The Citi Double Cash® Card is a great option for saving money on debt. It has a 0%, 18 months intro APR on balance transfers completed within four months of account opening, giving you lots of time to pay down balances interest free. The go-to variable rate applies after that intro period ends. Before you make any transfers, you should know about the Citi Double Cash balance transfer fee.
The Citi Double Cash® Card charges a fee of 3% ($5 min.) on transfers in the first four months, 5% ($5 min.) thereafter.
Let's say that you have a $5,000 credit card balance you want to transfer over. If you transfer it in the first four months, you'll pay a 3% fee of $150. If you transfer it after the first four months, you'll pay a 5% balance transfer fee of $250. Balance transfers made after the first four months won't qualify for the intro APR, either.
MORE OPTIONS: Best Balance Transfer Credit Cards
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 20.24%, 25.24%, or 29.99% Variable APR |
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Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 28.24% Variable APR |
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Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases | 1.5 points per dollar Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 19.24% - 29.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 19.24% - 29.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Citi has a few balance transfer rules:
LEARN MORE: How Balance Transfers Work
You can set up balance transfers with Citi online or over the phone by calling the number on the back of your card. Here's how to do it online:
This initiates the balance transfer request. After that, it normally takes Citi between two and 21 days to complete your transfer. Keep in mind that until the balance transfer is complete, you need to continue making any required payments on the original account. Once the balances are transferred, try to pay off everything within your Citi card's 0% intro APR period to maximize your savings.
Here are some other questions we've answered:
The Citi Double Cash® Card has an introductory balance transfer fee of 3% (with a $5 minimum) for balance transfers you make within four months of account opening. On balance transfers made after the first four months, it charges a 5% fee (with the same $5 minimum).
Yes, the Citi Double Cash® Card is a good card for balance transfers. It offers 18 months of 0% intro APR on balance transfers made within four months of opening the account. That's one of the longest balance transfer offers. The go-to variable rate applies after the intro period ends.
Balance transfers with Citi normally take between two and 21 days. You can check the status of your balance transfer online in your Citi account.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.