The biggest disadvantage of the Citi Double Cash® Card is that it has a high APR, at 19.24% - 29.24% (V). As a result, carrying a balance on the Citi Double Cash® Card is very expensive, but you can avoid this drawback if you pay your bill in full every month. That way, you won’t owe any interest.
Citi Double Cash Card Disadvantages
- High APR: The Citi Double Cash Card has a relatively high APR, at 19.24% - 29.24% (V).
- Balance transfer fee: The balance transfer fee is 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.
- Foreign transaction fee: You will be charged a fee of 3% when using your card abroad.
In addition, there are plenty of other disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
This answer was first published on 04/24/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
