How can I redeem Citi Double Cash rewards?

Here’s how Citi Double Cash Card works: You earn 1% cash back on purchases made with Citi Double Cash Card, then you earn another 1% cash back when you pay the card’s bill. That means cardholders earn a total of 2% cash back, which is roughly double the average for a cash rewards card.… read full answer

To earn cash back, you’ll have to pay at least the minimum payment. The Citi Double Cash Card rewards system is unique compared to most other rewards cards, which reward purchases only – without providing the extra incentive to pay in full. So it’s understandable why people are sometimes confused by how it works.

Rewards aren’t the only aspect of the offer that might need some explaining, either. Aside from letting you earn twice the market rate with its 2% cash back, the Citi® Double Cash Card – 18 month BT offer lives up to its name yet again by offering an introductory APR of 0% for 18 months on balance transfers- that’s what “BT” stands for. Each balance transfer will get charged a 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.

Here’s how the Citi Double Cash Card works:

• It offers 2% cash back: Half when you make the purchase and the other half as you pay for those purchases. To earn cash back, you must pay at least the minimum due on time.
• Cash back earnings can be redeemed as checks, statement credits, direct deposits to a Citi checking/savings account (must have used this account to pay a Citi Credit Card bill at least two times) and conversion to ThankYou Points.
• Cash rewards expire if you don’t earn cash back from payments or purchases for 12 months.
• Offers an introductory balance transfer APR of 0% for 18 months with a fee for each balance transfer: 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer.
• Charges a regular APR of 14.74% to 24.74% (V) that’s applicable to all purchases, but also balance transfers once the 18 months for the 0% introductory balance transfer APR are over.
• Charges a 25.99% (V) cash advance APR, with every cash advance also incurring a 5% (min $10) fee.
• Charges a 3% for purchases made while traveling outside the U.S. or through any internationally based merchants.
• $0 annual fee.
• Requires at least good credit for approval.

With its $0 annual fee, the Citi Double Cash Card costs are minimal, unless you carry a balance from month to month. Or, in the case of balance transfers, after 18 months, which is when the introductory balance transfer APR wears off. Its low costs coupled with its great 2% cash back rewards make the Citi Double Cash Card a great card for everyday spending.

Yes, Citibank does have cash back credit cards. The best Citibank cash back credit card is the Citi® Double Cash Card – 18 month BT offer, which gives 2% cash back on purchases and has an annual fee of $0.

Citibank Cash Back Credit Cards

• Citi® Double Cash Card – 18 month BT offer… read full answer: 2% cash back
• Citi Custom Cash℠ Card: 1 - 5% cash back
• Costco Anywhere Visa® Card by Citi: 1 - 4% cash back
• Costco Anywhere Visa® Business Card by Citi: 1 - 4% cash back

Once you earn cash back on a Citibank credit card, you can redeem it for a statement credit, direct deposit, check, or points.

You can get a Citi Diamond Preferred cash advance by using the card to withdraw funds from any ATM that accepts Mastercard or by visiting a Citibank branch and asking for a cash advance. Keep in mind that you'll need a PIN to get a Citi Diamond Preferred cash advance from an ATM. If you haven't received a PIN with your card, call Citibank at … read full answer(800) 750-7453 to request one. But before you make a withdrawal, be aware that a cash advance is a costly transaction.

Here is what you need to know about Citi Diamond Preferred cash advances:

• How to get a cash advance: Use your card to get a cash advance from any ATM that accepts Mastercard. You will need a PIN, so if you haven't been given one, simply call Citibank at (800) 750-7453 to request it. You can also visit a local bank branch and request a cash advance in person.
• Cash advance fee: 5% (min $10) of each cash advance transaction. In addition to the 5% (min $10) fee, there may be additional ATM fees, depending on where you withdraw the money from.
• Cash advance APR: 25.99% (V). There is no grace period, so the interest applies immediately and accrues daily.
• Cash advance limits: Your cash advance limit may be a portion of your credit limit, which is based on your creditworthiness.

The full price of a Citi Diamond Preferred will be the fee, plus the total amount of interest you end up paying. The sooner you pay your cash advance balance, the less it will cost. Cash advances are expensive transactions, so it's best to reserve them for emergencies.