Chip Lupo, Credit Card Writer
@CLoop
The Citi Double Cash Card changed its rewards from cash back to points in March 2022. While cardholders still earn 2% back on all purchases, the rewards are now Citi ThankYou Rewards points that can be redeemed for cash back as a statement credit, direct deposit, or check. Plus, you can also earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
Citi ThankYou Rewards points are worth 1 cent each when you redeem them for cash back, travel or gift cards. These redemption options will get you the highest value for your points. You can also apply your rewards toward purchases at Amazon.com, among other options, but you’ll likely get less value.
Also in March 2022, the Citi Double Cash Card dropped its $25 minimum redemption amount for statement credits and direct deposits to just 1 cent. You can also redeem rewards for a check by mail, with a $5 minimum.
To learn more, check out WalletHub’s full Citi Double Cash Card review.
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People also ask
Is Citi Double Cash Card no longer cash?
Yes, the Citi Double Cash Card no longer offers cash rewards directly for making purchases. Instead, the rewards are now offered in the form of ThankYou Points, but they can still be redeemed for cash back as a statement credit, direct deposit or check. Citi Double Cash Card points are worth 1 cent each when redeemed for cash back, so you’re not getting any less cash value than before.
To learn more about the card and determine whether it’s the right...
read full answer by John Miller, Credit Cards ModeratorIs Citi Double Cash going away?
No, the Citi Double Cash Card is not going away, though Citibank is changing the card’s rewards program a bit. As of March 2022, Citi Double Cash cardholders earn Citi ThankYou Points on purchases instead of directly receiving cash back. But you will still be earning 2% back on all purchases.
Citi ThankYou Points are worth 1 cent each when redeemed for cash in the form of a statement credit, direct deposit, or check. Citi ThankYou Points can also...
read full answer by Bianca Smith, WalletHub Credit Cards AnalystDid Citi get rid of cash back?
No, Citi didn’t get rid of cash back, but they have made some changes to how rewards work on certain credit cards. For instance, the Citi Double Cash® Card now gives you ThankYou Points® instead of cash back when you make purchases.
That may sound like a downgrade, but you can still redeem those points for cash, either as a statement credit, direct deposit or a check. Another Citi card that works the same way is the Citi Custom Cash® Card,...
read full answer by John Miller, Credit Cards ModeratorDid we answer your question?
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