Citi Double Cash Pricing and Information Table

Citi Double Cash Pricing and Information Table, as filed by Citibank, carries a purchase APR of 17.49%–27.49%, no annual fee and a 29.99% penalty rate. That purchase rate ranks near the 66th percentile across this corpus of 4,587 filings.

On the face of the filing

Citi Double Cash Pricing and Information Table is one of the agreements Citibank has on file with the CFPB. The filing runs two pages.

The filing is explicit about a purchase rate, a cash advance rate, a balance transfer rate, a penalty rate and an annual fee line. No figure appears for a foreign transaction fee.

Where the purchase APR sits

This is a tiered agreement: the filing discloses a purchase APR anywhere from 17.49% to 27.49%, a spread of 10 percentage points. Which end of that band applies is set by the issuer at account opening and the filing does not say how.

The floor of that band sits at about the 47th percentile of filed purchase rates; the ceiling sits at about the 66th. In corpus terms the same card can be cheap or expensive depending on how it is priced.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

Put $2,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $791.

Against the corpus median of 21.99%, that is approximately $176 a year of extra interest on the same $2,500.

Per statement cycle that is on the order of $57.11 on $2,500, which is the number that actually shows up on a bill.

Note the $0.50 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Where the fees are

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance APR of 29.74%. Cash is therefore 2.25 points dearer than buying something with the card. Cash advances also tend to fall outside any grace period, which means interest typically starts on day one rather than at the end of a billing cycle.

Moving a balance onto this card carries an up-front charge of 0.05% of the amount transferred, with the transferred balance priced at 17.49%. Shifting $2,000 across attracts something like $1 in fees on day one.

What a missed payment costs

The agreement discloses penalty pricing of 29.99% — about the 61st percentile of the 794 penalty rates recorded across this index.

A default therefore reprices the debt by 2.5 points: about $83 a year more on $2,500, for as long as the penalty rate stands.

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The no-interest path

Purchases carry a 23-day grace period: pay the statement in full inside it and the purchase rate never applies. The typical filing here allows 25 days, so this one is tighter than most.

A minimum interest charge of $0.50 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

How it sits in the issuer's own range

This is one of 82 Citibank agreements collected here. Their disclosed purchase rates run from 25.99% to 34.24%, and this one at 27.49% is more expensive than 3 of them.

33 of the issuer's other 39 disclosing filings are likewise fee-free.

What you cannot learn from the filing

Absent from the captured terms: a foreign transaction fee. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

Go to the source

Everything here is a reading of the filed agreement, two pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

At 27.49% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers.