The Best Cash Back Card

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There are lots of cash back cards out there. Some cards earn up to 6% cash back, but you're limited on how much you can earn.

You want a simple straight-forward cash back card that earns unlimited cash back on everything.

That's why the best cash back card is the Citi Double Cash card.

The Best Cash Back Card

You earn 1% cash back on all purchases with the Citi Double Cash card.

So when you shop at the grocery store, fill up at gas stations, eat at restaurants, buy plane tickets, etc., everywhere you use the card, you'll earn 1% without limits.

Sure you're thinking 1%, so what.  Well, here's what.

You earn 1% from your first purchase through your last purchase.

There's no cap on how much cash back you can earn.  No bonus categories you have to remember to activate each month.

Simply use your card and earn 1% cash back. Simple. And shouldn't everything in life be that simple?

Bonus 1%

You'll earn an additional 1% cash back when you pay your bill each month.

Whether you pay only the minimum payment or pay your bill in full, you get the additional 1% cash back.  However, you should always pay your bill in full instead of carrying a balance.

So if your statement balance was $1,250, you'd earn $25 cash back (1% x $1,250 from your purchases + 1% x $1,250 for paying your bill).
There is a $25 minimum redemption, whether you're redeeming for statement credit, gift cards, or cash back.

No Annual Fee

There's no annual fee.

And because the Citi Double Cash card is a World MasterCard you get all the extra benefits the come with a World MasterCard like extended warranty, price protection and special hotel rates and travel deals.

$200 Sign-up Bonus

Check your snail mail because there have been reports of a targeted $200 sign-up bonus after spending $1,000 in the first 3 months.

But What About the Fidelity Investment Rewards American Express?

You can also earn 2% cash back and no annual fee with the Fidelity Investment Rewards American Express.

But some places don't accept American Express.  Because MasterCard is more accepted it makes sense to get a card that's easier to use.

The Secret

Not withstanding the 2% cash back, no annual fee, and World MasterCard benefits, here's why the Citi Double Cash card is the best cash back card: conversion.

You can convert a current Citibank card to the Citi Double Cash card.

But the card you convert must be at least one year old.  So you can't convert a card you've had for 11 months or less.

So if you got the Citi AAdvantage card, the Citi Double Cash card could be a good replacement.

You can offset your expenses and earn a profit if you happen to do a lot of spending whether it's at a mall, grocery store, drug store, or office store.

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