Which Credit Cards Have Double Rewards?

Which Credit Cards Have Double Rewards?

December 2, 2019         Written By Lynn Oldshue

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If you have excellent credit, you should find a credit card that offers great rewards that you will actually use. Sometimes points and airline miles go unused and that is a waste of hard-earned rewards.

But cash is something that everyone can use. That’s why cash back rewards are the most popular form of credit card rewards. Here are some cards that pay double rewards on some or all purchases:

Citi® Double Cash card

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The Citi® Double Cash card pays 2% on all purchases: you earn 1% cash back when you make the purchase, and an additional 1% back when you make the payment. Citi is offering new cardholders 0% APR on balance transfers for the first 18 months, but it is important to note that balance transfers do not earn cash back.

Capital One Savor Card

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The Capital One Savor Cash Rewards credit card is aimed towards foodies who spend a lot on groceries and dining. Cardholders can earn 4% cash back on dining and entertainment, 2% on grocery store purchases, and 1% on all other transactions. New account holders can earn $300 if they spend $3,000 during the first three months of card membership. There is a $95 annual fee, but it is waived during the first year.

Capital One Venture Rewards Credit Card

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If travel is more important to you than dining, the Capital One Venture Rewards credit card could be a better option than the Savor card. Currently, new account holders can earn 50,000 miles when they spend $3,000 within the first three months of opening their account. That is the equivalent of $500 in travel. Additionally, cardholders earn 2X miles on every purchases. There is no annual fee in the first year, but it will be $95 every year thereafter.

Bank of America® Cash Rewards Credit Card

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The Bank of America® Cash Rewards Credit Card is an outstanding cash back card. It offers 1% cash back on all purchases, but 2% on transactions made at grocery stores and at wholesale clubs, and 3% on a category of your choice: gas, online shopping, dining, travel, home improvement/furnishings or drug stores. These increased payouts are applicable on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter. Cardholders can update their choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and the category stays the same. If you’re a Bank of America Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase. New customers can earn a $200 online cash rewards bonus after spending $1,000 in the first 90 days of opening an account. In addition, new applicants will get 15 billing cycles of 0% APR on both new purchases and balance transfers. The balance transfers must be completed within 60 days of account opening, and a 3% balance transfer fee applies. The card has an APR ranging from 15.49% - 25.49% Variable APR on purchases, depending on your credit worthiness. The card has no annual fee but there is a 3% foreign transaction fee on transactions made outside of the United States.


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The   offers 2X points on travel and dining, and one point for every other dollar spent. Currently, new account holders earn 60,000 points when they spend $4,000 within the first three months of opening their account. The APR is 17.49% - 24.49% Variable depending on your credit worthiness. There is an annual fee of $95 but no foreign transaction fees.

Discover it
The Discover it card gives 5% cash back on certain categories each quarter, and these categories will rotate every three months. In the second quarter of the year, grocery store purchases earn the increased rewards, and all other purchases earn 1% unlimited cash back. Additionally, at the end of your first year, Discover will match all of the cash back rewards you earned. New cardholders can enjoy 0% APR on purchases and balance transfers made within the first 14 months.

Which card is best?
Before determining which card is best, you will need to examine your spending habits. If you spend a lot on travel, the Capital One Venture Rewards credit card or Chase Sapphire Preferred will get you to free flights faster. However, if you eat out often, it is hard to beat the Capital One Savor Card.

You will also need to determine whether your rewards will be signifcant enough to justify the $95 annual fee charged by Chase and Capital One. If you spend enough to earn free flights, the card may pay for itself. Finally, if you are someone who always pays off your balance each month, the Citi Double Cash Card could be an excellent choice, as you will earn 2% cash back on purchases each month with their double rewards program.

The information contained within this article was accurate as of December 2, 2019. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue
Top Features : No Annual Fee, Bonus Offer, Cash Back
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Top Features : 4% cash back on dining & entertainment, 2% at grocery stores; $300 bonus after spending $3000 in first 3 months
Top Features : No annual fee; 3% cash back on dining & entertainment; 2% on groceries; $150 cash bonus after spending $500 in first 3 months
Top Features : 1.5% cash back on every purchase; access to higher credit line after making first 5 monthly payments on time