You can redeem your Citi Double Cash Card rewards by logging in to your online account either through Citibank’s website or its mobile app. Once logged in, you can choose to receive your earned cash back as a check, statement credit or a direct deposit to a Citibank checking or savings account. Alternatively, you can convert your cash back to ThankYou Points.
Just note that you must have at least $25 in cash back to redeem for checks, direct deposits and statement credits. For conversion to ThankYou Points, there’s a $1 minimum amount requirement.
Citi Double Cash Card offers 2% cash back - half when you make purchases and the other half as you pay for them. Citi Double Cash Card rewards only expire when cardholders haven’t earned cash back within a 12 month period.
There's no rule regarding how often you should redeem your cash back. You can do that once a year if you like. However, you should keep in mind that your cash back will expire if you haven't used the card for 12 months.
The Citi Double Cash Card credit limit will be at least $500 to start. It could be a lot higher than that, depending on your overall creditworthiness, but Citi doesn’t disclose a maximum. In general, though, the higher your credit score is and the more income you have relative to your existing debt obligations, the higher you can expect your credit limit to be.… read full answer
Furthermore, you shouldn’t read too much into the Citi Double Cash Card’s $500 minimum credit limit. That amount is not uncommon for a credit card that requires at least good credit for approval. If you consistently pay your bill on time, you’ll also become eligible for a credit limit increase after six months or so.
At the end of the day, all we can say for sure is that Citi Double Cash Card is one of the best cash back credit cards on the market and has a credit limit that will be at least $500. It’s definitely worth applying for if you have the good credit or better needed for approval. If you don’t get approved for the kind of limit you’re looking for, you don’t have to open an account. And you might even wind up with a higher limit if you balk at the initial number and declare your intention to walk.
Yes, you can convert Citi Double Cash rewards to ThankYou points at a rate of 100 ThankYou points per $1 in cash back rewards converted (1 cent in cash back equals 1 ThankYou point). Citi Double Cash cardholders need a minimum of $1 in rewards to convert, but there are no maximums, and points never expire as long as the account is active.… read full answer
Citi Double Cash points have not always been convertible to ThankYou points. Prior to September 2019, Double Cash rewards could only be redeemed for a check, statement credit or direct deposit. Now, when you convert to ThankYou points, you can also redeem for gift cards, travel, and purchases at Amazon.com, Expedia and other participating retailers.
To convert Citi Double Cash rewards to ThankYou points, log in to your online account and click the “View/Redeem Cash Rewards” link. Then click the “Convert to Points” tab, followed by “Convert Cash Rewards to Points.” Enter the amount of cash back rewards you’d like to convert and click the “Convert to Points” button. Once cash back rewards are converted to points, you can’t reverse the transaction.
If you convert Citi Double Cash rewards to ThankYou points, just be careful what you redeem for. In some cases, like when redeeming for cash, you won’t get as much value as you would if you didn’t convert to points.
There is no Citi Double Cash Card signup bonus. Citi Double Cash Card doesn’t have a signup bonus because it has a higher ongoing rewards rate than other cash back credit cards. There’s also no bonus for referring a friend (only by solicitation) or adding an authorized user.
The only current Citi Double Cash Card bonus is the double cash itself. You get 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases). The Citi Double Cash Card has a $0 annual fee.… read full answer
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