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American Express Cash Magnet® Card vs Citi® Double Cash Card

Earn unlimited cash back on all of your purchases.

Megan Horner
Megan Horner

Updated

Fact checked

The winner: Citi® Double Cash Card

Citi® Double Cash Card logo

Up to 2%

Cash back

  • An excellent choice for cash back and balance transfers
  • Market-leading 2% back (1% after buying, 1% after paying)
  • No annual fee
Apply now
Please note: Citi is an advertising partner of finder.com

The difference between the American Express Cash Magnet® Card and the Citi® Double Cash Card is that the Citi card comes with a higher cashback rate and an intro APR period on balance transfers. But it lacks a welcome offer or an intro APR period on purchases that come with the Amex card.

American Express Cash Magnet® Card

American Express Cash Magnet® Card

Rates & Fees

Citi® Double Cash Card

Citi® Double Cash Card

Rates & Fees
finder.com's rating
finder.com's rating

★★★★★

4.3 / 5.0

★★★★★

3.8 / 5.0
Best for
Best for
  • Flat cash back on all purchases
  • Highest unlimited cash back
Welcome offer
Welcome offer

$150 after spending $1,000 in the first 3 months

N/A
Rewards
Rewards

1.5% cash back on all purchases

Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 13.99% to 23.99% variable

13.99% to 23.99% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR

N/A

0% intro APR for 18 months, then 13.99% to 23.99% variable
Cash advance
Cash advance

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 2.7% of each transaction 3% of each transaction
Late payment fee
Late payment fee Up to $40 Up to $40
Additional cardholder fee
Additional cardholder fee $0
Interest-free period
Interest-free period 25 days 23 days
Minimum interest
Minimum interest $0.50
Minimum credit score
Minimum credit score 680 740
Card type
Card type Credit Credit
Learn more
Learn more

Read review

Read review

Summary of card features

American Express Cash Magnet® Card

American Express Cash Magnet® Card

  • No annual fee
  • Unlimited 1.5% cash back
  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership

Citi® Double Cash Card

Citi® Double Cash Card

  • Earn cash back. Earn cash back twice on everything you buy — 1% when you make the purchase and 1% when you pay your balance. Similar cards let you earn 1.5% back. That's up to a $100 difference if you spend $20,000 a year with your card.
  • Intro APR on balance transfers. Enjoy 18 months of a 0% intro APR period for balance transfers. Compared to similar cards, this is one of the longest intro periods you can get. After that, a variable APR of 13.99% to 23.99% applies.
  • Citi Entertainment℠. Get special access when buying presale tickets or VIP packages for concerts, sports events, dining and more.

Compare American Express Cash Magnet® Card vs. Citi® Double Cash Card

Data indicated here is updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
American Express Cash Magnet® Card
American Express Cash Magnet® Card
$150 after spending $1,000 in the first 3 months
1.5% cash back on all purchases
$0
With 1.5% back on everything and a 15 months intro APR on purchases, this no-annual-fee rewards card makes it simple to earn more rewards. Rates & fees
Apply now
View details
Citi® Double Cash Card
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
Apply now
View details
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