If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
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 |
---|---|---|---|---|---|
Rating image, 4.50 out of 5 stars.
4.50/5
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.
= Best = Excellent = Good = Fair = Poor |
20,000 ThankYou® Points Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. | Up to 2% cash back 2% cash back: 1% when you buy plus 1% as you pay |
Intro: N/A Purchases: N/A Balance Transfers: 0%, 18 months Regular: 19.24% - 29.24% (Variable) |
||
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.
= Best = Excellent = Good = Fair = Poor |
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 |
||
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.
= Best = Excellent = Good = Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel℠, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase'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.