How can I redeem Citi Double Cash rewards? This question is about the Citi® Double Cash Card – 18 month BT offer

How can I redeem Citi Double Cash rewards?

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This question is about the Citi® Double Cash Card – 18 month BT offer

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 04/09/21 This answer was first published on 04/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

emma_glass, Member

@emma_glass • 03/15/19 This answer was first published on 05/24/18 and it was last updated on 03/15/19.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

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People also ask

What's the Citi Double Cash credit limit?

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.

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Can you convert Citi Double Cash rewards to ThankYou points?

Yes, you can convert Citi Double Cash Card 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 Card 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 Card 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, select gas stations and other participating retailers.

To convert Citi Double Cash Card rewards to ThankYou points, simply log in to your online account and access the rewards section where you will be given the option to convert Cash Rewards to ThankYou Points. Once cash back rewards are converted to points, you can’t reverse the transaction.

If you convert Citi Double Cash Card rewards to ThankYou points, just be careful what you redeem for. Gift cards and travel generally offer the best value. In other cases, like when redeeming for cash, you won’t get as much value as you would if you didn’t convert to points.

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What is the Citi Double Cash signup bonus?

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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