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What You Need to Know About Citi Double Cash's Balance Transfer Fee

Review Updated
Lyle Daly
Author: Lyle Daly
Lyle Daly
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Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. His work with Motley Fool Money and The Motley Fool has appeared syndicated in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. Terms may apply to offers listed on this page.  Citi is an advertising partner of Motley Fool Money.

The Citi Double Cash® Card is a great option for saving money on debt. It has a 0%, 18 months on Balance Transfers 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.

How much is the Citi Double Cash balance transfer fee?

The Citi Double Cash® Card charges a fee of There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

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

Credit card comparison

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, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. 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
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. 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.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.49% - 27.49% Variable APR *Rates as of December 12, 2024.

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. 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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= Excellent
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Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 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: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. 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
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 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 Circle with letter I in it. 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: Circle with letter I in it. 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, 18.49% - 28.49% 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: 18.49% - 28.49% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Rules for Citi Double Cash balance transfers

Citi has a few balance transfer rules:

  • Balance transfers must be completed within the first four months to qualify for the 0% intro APR.
  • The transfer amount and the balance transfer fee can't exceed your Citi card's available credit. For example, to transfer a $5,000 balance during the first four months, you would need at least $5,150 in available credit to cover the transfer and the 3% balance transfer fee.
  • You can't transfer balances from one Citi account to another. For example, if you have two Citi credit cards, you couldn't transfer the balance from one to the other.

LEARN MORE: How Balance Transfers Work

How to do a balance transfer with the Citi Double Cash

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:

  1. Go to the Citi website and log in to your account.
  2. Go to "Services," and then select "Credit Card Services."
  3. Select "Balance Transfer" underneath "Lending Options."
  4. Select "Start a Balance Transfer."
  5. Choose the balance transfer offer you want to use.
  6. Provide the transfer details and submit the request.

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.

Still have questions?

Here are some other questions we've answered:

Citi® Double Cash Card
Motley Fool Money's detailed credit card reviewCiti® Double Cash Card
Read full review

FAQs

  • 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 on Balance Transfers 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.