Bank of America® Unlimited Cash Rewards Credit Card
vs. Citi Double Cash® Card

Updated: June 25, 2024

Advertising & Editorial Disclosure

Shield Insurance

MoneyGeek partners with leading industry experts and advertisers to help you get to your financial happy place. Our content is accurate when posted but offers may change over time. We may receive compensation for partner advertisements, but our editorial team independently reviews and ranks products. Learn more about our editorial policies.

Both the Bank of America® Unlimited Cash Rewards Credit Card and the Citi Double Cash® Card offer enticing cash back rewards and no annual fee, making them strong contenders for your wallet. However, the Citi Double Cash Card edges ahead with its straightforward 2% cash back on all purchases, which can be particularly rewarding for those who prefer a no-fuss rewards program.

The BofA Unlimited Cash offers a 0% introductory APR on purchases and balance transfers. But the Citi Double Cash Card's higher overall cash back rate may provide more long-term value. Consider the BofA Unlimited Cash if the introductory APR offer aligns with your immediate financial needs.

Credit Card logo for Bank of America® Unlimited Cash Rewards Credit Card
Bank of America® Unlimited Cash Rewards Credit Card
Credit Card logo for Citi Double Cash® Card
Citi Double Cash® Card
MoneyGeek Rating
3.9/ of 5
MoneyGeek Rating
3.9/ of 5

  • Regular APR
    19.24%–29.24% variable
    19.24% - 29.24% variable
    0% APR Offer
    0% for 15 billing cycles on purchases
    Intro Offer
    Earn $200 cash back
    Earn $200 Cash Back
    Rewards Summary
    Earn 1.5% cash back
    Earn 1%–5% cash back
    Balance Transfer Offer
    0% for 15 billing cycles on balance transfers
    0% for 18 months on balance transfers
    Balance Transfer Fee
    3% for the first 60 days, then 4%
    5% of each transfer ($5 minimum)
    Annual Fee
    Recommended Credit
    670–850 (Good to Excellent)
    670-850 (Good to Excellent)
    Penalty APR
    Up to 29.99% variable APR
    Up to 29.99% (Variable)
    Not sure?

Which Card Is Better for You?

You might prefer the BofA Unlimited Cash if you value a straightforward cash back program with a flat rate on all purchases and a generous introductory offer on purchases and balance transfers. Its welcome bonus is easier to attain with a lower spending requirement, making it a good match if you prefer immediate rewards without high upfront spending.

You might prefer the Citi Double Cash if maximizing your cash back is your top priority and you are diligent about paying off your balance each month. The card rewards you with up to 2% cash back on purchases, half when you buy and half as you pay, which can add up significantly over time. However, it lacks an introductory APR on purchases, so it's best if you don't plan on carrying a balance for new purchases.

Head-to-Head Comparison: Card Details and Features

Evaluating features like APRs, fees, credit requirements, rewards and introductory offers will clarify which card is for you. For instance, if you plan to carry a balance, the BofA Unlimited Cash's introductory APR offer might be appealing, whereas the Citi Double Cash's higher cash back rate could be more beneficial if you pay in full each month.

    discount icon

    Regular APR: BofA Unlimited Cash

    The BofA Unlimited Cash offers a lower starting APR, ranging from 18.24% to 28.24% variable, compared with the Citi Double Cash's APR range of 19.24% to 29.24% variable.

    annualFee icon

    Annual Fee: Tie

    Both the BofA Unlimited Cash and the Citi Double Cash have no annual fee.

    lowInterestAPR icon

    Introductory 0% APRs: Citi Double Cash

    For balance transfers, the Citi Double Cash is superior, offering a 0% APR for 18 months, albeit with a 5% transfer fee. The BofA Unlimited Cash offers a 0% APR for 15 billing cycles on both purchases and transfers but has a lower balance transfer fee initially.

    coins icon

    Rewards: Citi Double Cash

    The Citi Double Cash is better for rewards, offering 2% on every purchase (1% when you buy plus 1% as you pay for those purchases), compared with the BofA Unlimited Cash's 1.5% cash back on all purchases.

    Additionally, Citi Double Cash provides a limited-time offer of 5% cash back on travel booked through its portal, and its rewards do not expire for the life of the account.

    rewards icon

    Welcome Offers: BofA Unlimited Cash

    The BofA Unlimited Cash offers a better welcome bonus. It provides $200 cash back after spending $1,000 in the first 90 days, compared with the Citi Double Cash Card's $200 cash back after spending $1,500 in the first six months.

    creditApproved icon

    Recommended Credit Score: Tie

    Both the BofA Unlimited Cash and the Citi Double Cash require a credit score range of 670 to 850 (good to excellent), making them equally accessible.

    autopay icon

    Penalties and Fees: BofA Unlimited Cash

    The BofA Unlimited Cash edges out slightly due to its lower late fee of up to $40 and a cash advance fee of 3% of the transaction.

    Both cards have a penalty APR up to 29.99% and a foreign transaction fee of 3%, but the Citi Double Cash has a higher late fee of up to $41 and a higher cash advance fee of either $10 or 5% of the amount, whichever is greater.

    points icon

    Issuer Satisfaction: BofA Unlimited Cash

    Bank of America leads with a rating of 4.5, compared with Citi's rating of 4.1. This suggests a higher level of customer satisfaction with Bank of America's service and support.

    airplane icon

    Other Features & Perks: Tie

    Both the BofA Unlimited Cash and the Citi Double Cash offer unique perks. The BofA Unlimited Cash provides contactless cards and a Preferred Rewards program that boosts cash back for members.

    The Citi Double Cash offers ThankYou Points redeemable for cash back and a balance transfer offer.

Rewards Comparison

The Citi Double Cash stands out with its effective reward rate of over 2%, offering 1% cash back when you buy and an additional 1% as you pay for those purchases. This straightforward approach to earning rewards on every purchase without category restrictions makes it a strong contender if you prefer simplicity and higher cash back rates across the board.

The BofA Unlimited Cash, while offering a solid 1.5% cash back on all purchases, doesn't quite match up to the Citi Double Cash in terms of overall cash back potential. However, it does provide a consistent reward rate for all spending, which can be beneficial if you don't want to keep track of payments to maximize their rewards.

The rewards categories are shown in the table.

BofA Unlimited Cash
Citi Double Cash

All Other Purchases


2% (1% when you buy + 1% as you pay)

Travel Booked Through Issuer Portal


5% (through 12/31/24)

Redeeming Rewards

The BofA Unlimited Cash and Citi Double Cash offer flexible redemption options. With the BofA Unlimited Cash, you can redeem cash back directly into a bank or Merrill account, or as a statement credit, without worrying about expiration as long as your account is active.

The Citi Double Cash allows for cash back redemption via direct deposit, statement credit or check, and also offers the versatility of using ThankYou Points for a variety of rewards. These rewards have no expiration date as long as the account remains open.


MoneyGeek's ranking process evaluates credit cards like the BofA Unlimited Cash and the Citi Double Cash across various use cases. This approach ensures that the score reflects the card's performance in the scenario where it provides the most value.

For cash back cards, the primary factors we consider are the effective reward rate and the return on investment for offers. These elements — along with annual fees, introductory purchase rates and issuer satisfaction — contribute to a card's overall score. For a detailed understanding of our process, you can review our ranking methodology.

FAQ: BofA Unlimited Cash vs. Citi Double Cash

What are the cash back rates for each card?
Do either of the cards have an annual fee?
What are the introductory APR offers for these cards?
Can I earn bonus rewards with either card?
Are there foreign transaction fees for these cards?

About Doug Milnes, CFA

Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with and for our coverage of credit card products. MoneyGeek, CardRatings and may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.