Yes, you can upgrade your Citi® Double Cash Card – 18 month BT offer to a better offer as long as you’ve had the card for at least several months, and you will have the best odds if your credit score and income have gone up since you applied. To see if your Citi Double Cash Card qualifies for an upgrade, call customer service at 1-855-473-4583. Citibank also periodically sends targeted upgrade offers to existing cardholders by email.
Citi Double Cash Card Upgrade: What You Should Know
The account should be open for at least several months before requesting an upgrade.
Citibank only allows upgrades to cards within the same card family. For example, you cannot upgrade from Citi Double Cash Card to a business card or co-branded card.
If you upgrade to a Citibank card with an annual fee, the charge will appear on the new card’s first monthly statement.
You will not be eligible for any initial bonuses or introductory 0% APR offers associated with the new card, unless they’re included as part of the upgrade offer.
Citi Double Cash Card upgrades do not require a hard inquiry on your credit report, so there’s no effect on your credit score.
A Citi Double Cash Card upgrade typically takes just a few minutes. If you are approved, you should receive your card within 7 - 10 days from the approval date. Your card number may change, and your new card will come with an updated expiration date and security code.
You can use your old card until the new one arrives, and it will have all the benefits of the new card as soon as the upgrade is complete. Your current credit limit and APR will carry over to the new card, as will any unredeemed rewards, unless stated differently in the upgrade terms.
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.
It is worth noting that Citi Double Cash Card has switched to the ThankYou rewards program. So, as of March 28, 2022, the Citi Double Cash Card cash back is earned in the form of ThankYou points. And any unredeemed cash rewards were automatically converted to the equivalent amount of ThankYou® Points. This upgrade offers more redemption options for cardholders.
Citi Double Cash Card redemption options:
Statement credit: With this option, you can redeem points for cash back with as little as $0.01.
Direct Deposit: You can redeem as little as $0.01 for cash that will be directly deposited to a Citibank checking or savings account.
Check: You can redeem your points for a check payable to you. The minimum redemption amount for a check is $5.
Gift cards: Trade points for gift cards in many categories, from clothing and department stores to electronics and restaurants. You can usually redeem at a rate of 1 cent per point, but certain gift cards may be on sale. It takes 1 to 3 weeks to receive a gift card after redeeming.
Travel: Use points to book flights, hotels, rental cars, cruises and more. The value of points can vary based on the type of travel, length of the trip and more.
Shop with Points: Use points to pay for purchases directly on a retailer’s website or get a statement credit for purchases after you make them. Points are worth 0.8 cents each with this option.
Other ways to redeem: The Citi Double Cash Card offers a few other redemption options. You can transfer points to partnered airline or retail loyalty programs at a 1:1 ratio, make charitable donations, make a payment toward a mortgage or student loan and more.
Citi Double Cash Card offers 2% back - half when you make purchases and the other half as you pay for them. Citi Double Cash Card rewards don’t expire as long as your account is open.
You can request a Citibank credit card limit increase online, through the Citi Mobile App, or by phone, at (800) 950-5114. Citi may also offer an automatic credit limit increase if its regular reviews of the account show a history of on-time payments and low debt. Periodic reviews typically start after the account has been open for about six months. To make a decision about a credit limit increase, Citi will also review your current income as well as your credit history.… read full answer
When requesting a credit limit increase, Citibank will consider several factors that determine whether a soft pull or a hard pull will be used. But you can rest assured that Citibank will always notify you before doing a hard pull on your credit report. In case the request will result in a hard pull, it may cause a short-term dip in your credit score. When Citi offers an automatic credit limit increase; they will always use a soft pull.
How to get a Citibank credit card limit increase online:
Select “Request a Credit Limit Increase” under the Card Management menu.
Choose the Citibank account for which you’re requesting the increase (if you have more than one).
Enter your total annual income and monthly mortgage/rent payment. Click “Continue.”
Confirm the information entered and click “Continue” to submit the request.
You should receive the decision within a few seconds of submitting the request. If you’re approved for an increase, the new credit limit is effective immediately.
A Citibank credit card limit increase can boost your credit standing if you use the extra purchasing power responsibly. The added credit can lower your utilization, assuming your spending does not increase, and that in turn can raise your credit score. If you’re planning on making a major purchase soon, an increase will also reduce the risk of maxing out the card’s credit limit.
To raise your chances of being approved for an increase, always pay your bill on time and pay more than the minimum due. And if your income increases, make sure to update that information on your online account, as Citi will see that you can afford higher limits.
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