Citi Double Money vs. Chase Freedom Limitless: Which no-annual-fee money again card is greatest?

You would possibly assume you have to pay an annual payment to get a very good rewards bank card. However with choices such because the Citi® Double Money Card (see charges and costs) and the Chase Freedom Limitless from two high bank card suppliers, you’ll be able to earn money again with out paying for the privilege.

Each of those playing cards provide superb cash-back charges on on a regular basis purchases. Whereas the Citi Double Money earns a better charge of two% again (1% whenever you purchase and 1% as you pay) in comparison with 1.5% on the Chase Freedom Limitless, the latter can compensate for that with even larger charges in sure bonus classes. Each playing cards additionally help you convert your money again into beneficial transferable factors for much more worth.

How do these playing cards examine to one another? Which one makes it best to rack up the money rewards quick? We’ll have a look at how two of the perfect bank cards stack up in a head-to-head comparability.

Citi Double Money vs. Chase Freedom Limitless comparability

Characteristic Citi Double Money Chase Freedom Limitless
Welcome provide None Robotically match all of the money again you have earned within the first 12 months, with no restrict
On a regular basis spending incomes charge 2% money again on purchases (1% whenever you use the cardboard and 1% whenever you pay) 5% again on journey booked by Chase Final Rewards; 3% on eating (together with takeout and eligible supply providers) and at drugstores; 1.5% limitless on all different purchases
Bonus classes None Journey booked by the Final Rewards portal, eating (together with takeout and eligible supply providers), and drugstores
Switch companions 3 when you solely maintain the Double Money or 18 when you additionally maintain a premium Citi card None when you solely maintain the Chase Freedom Limitless or 14 when you additionally maintain a premium Chase card
Annual payment None None
Overseas transaction charges 3% 3%

Citi Double Money vs. Chase Freedom Limitless welcome provide

Sadly, the Citi Double Money has no present public welcome provide.

However, the Freedom Limitless is providing maybe the perfect welcome provide within the card’s historical past: Chase will robotically match all of the money again you have earned within the first 12 months with no restrict, doubling the cardboard’s earnings charges by the primary yr.

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Winner: Chase Freedom Limitless

Citi Double Money vs. Chase Freedom Limitless advantages

Neither of those playing cards provides top-tier advantages resembling a payment credit score for TSA PreCheck or International Entry, cellphone safety or rental automobile insurance coverage. However contemplating these playing cards additionally carry no annual payment, the advantages aren’t essentially missing.

The Citi Double Money emphasizes safety and credit score administration with a roster of advantages that embody a digital pockets and digital account numbers to make on-line purchases extra securely. You will even have 0% legal responsibility on unauthorized purchases, early fraud warning notifications and free entry to your FICO credit score rating. Citi’s Misplaced Pockets service can substitute your Citi card in as little as 24 hours and supply emergency money (topic to your card’s cash-advance restrict).

This card actually shines, although, with the Citi Leisure program. You possibly can achieve VIP entry to concert events, sporting occasions, and different leisure experiences.

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Just like the Double Money, the Freedom Limitless provides zero legal responsibility on unauthorized purchases and limitless entry to your credit score rating by Chase’s Credit score Journey program. You additionally get buy safety of as much as $500 on each buy, with a most of $50,000 in claims, and prolonged guarantee safety, supplying you with peace of thoughts whenever you use your Chase card to buy.

Moreover, Chase’s partnership with meals supply service DoorDash offers Freedom Limitless cardmembers a complimentary DashPass for 3 months (ends Dec. 31, 2024). The DashPass gives limitless free supply on all DoorDash orders $12 and up.

Winner: Tie. The advantages for each playing cards appear largely comparable, with a number of fraud safety advantages and a bunch of handy options. Chase wins out with the prolonged guarantee and buy safety. However when you’re in search of distinctive experiences, the Citi Leisure program delivers.

Incomes rewards with the Citi Double Money vs. Chase Freedom Limitless

With the Double Money, you will earn 1% money again whenever you make a purchase order and 1% as you pay, for a complete of two% on each buy.

The Freedom Limitless provides 1.5% again on every thing, plus 5% again on journey booked by Chase Final Rewards, 3% again on eating and three% again at drugstores.

Winner: Chase Freedom Limitless. Whilst you can earn barely extra on all non-bonus spending with Citi than with Chase, the three% charge on eating and drugstores will doubtless edge out the Citi Double Money for many cardholders.

Redeeming rewards with the Citi Double Money vs. Chase Freedom Limitless

Each playing cards have a number of choices for redeeming your money again (together with a press release credit score or direct deposit) or factors by the playing cards’ respective rewards applications.

With the Double Money, you’ll be able to money in your rewards for a press release credit score, direct deposit, journey rewards and present playing cards. You can even use your rewards to pay your mortgage or a scholar mortgage held by Citi.

Freedom Limitless cardholders can select from money again deposited immediately into their checking account or a press release credit score, the place every cent earned offers a cent again towards your bank card steadiness additionally select a present card on the similar charge. Reward playing cards begin as little as $5, which implies you can begin redeeming as soon as you have accrued simply 500 cents. You can even spend your factors on Amazon, however they’re solely price 0.8 cents every. It is smarter to purchase an Amazon present card on the larger charge of 1 cent per level.

You can even make a charitable contribution to all kinds of 501(c)(3) firms together with your Chase factors.

Winner: Tie. Each the Citi Double Money and Freedom Limitless provide comparable cash-back redemption choices.

Transferring rewards with the Citi Double Money vs. Chase Freedom Limitless

In the event you even have a card just like the Citi Premier® Card (see charges and costs), you’ll be able to mix your rewards from the Citi Double Money with these from the Premier. This successfully converts the Citi Double Money’s rewards to fully-transferable ThankYou factors with further switch companions. Since TPG values full Citi ThankYou factors at 1.8 cents, having each the Citi Premier and the Citi Double Money can help you get a 3.6% return in your spending with the Double Money card.

Associated: The final word information to Citi ThankYou Rewards

(Photo by Zach Griff/The Points Guy)
ZACH GRIFF/THE POINTS GUY

Chase makes it straightforward to redeem rewards by the Final Rewards portal — however solely when paired with a Chase Final Rewards card, such because the Chase Sapphire Most popular Card or Chase Sapphire Reserve.

For optimum worth, you’ll be able to switch your factors to one of many many Final Rewards switch companions. Since TPG values Chase factors at 2.05 cents apiece, you’ll be able to successfully convert your 1.5% cash-back rewards from the Chase Freedom Limitless into roughly 1.25 or 1.5 Final Rewards factors (with the Sapphire Most popular or Reserve, respectively).

Winner: Tie. Each playing cards have the power to switch your factors for extra worth when you will have an accompanying higher-end card.

Ought to I get the Citi Double Money or Chase Freedom Limitless?

The Freedom Limitless is probably going the higher choice for many, given the bonus classes and a welcome provide. Nonetheless, each the Double Money and Freedom Limitless playing cards stand as strong cash-back rewards playing cards for on a regular basis use, and so they provide the power to mix your earnings with higher-tier playing cards. Choice will largely come right down to your spending habits.

Backside line

Getting the Chase Freedom Limitless will enable you get essentially the most out of your spending due to a number of beneficial bonus classes and a profitable welcome provide.

However, the Citi Double Money Card provides a easy, easy cash-back charge with out worrying about bonus classes, which makes it straightforward to buy and earn rewards.

Both is a superb choice for customers in search of aggressive returns with out an annual payment.

To study extra, learn our full critiques of the Citi Double Money and Chase Freedom Limitless.


Apply right here: Citi Double Money

Apply right here: Chase Freedom Limitless


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