Yes, Citi Double Cash rewards expire if you don’t make a single purchase or bill payment for a full year. Similarly, Citi Double Cash rewards expire if you don’t redeem your remaining balance when you close your account.
These might seem like negatives. But most rewards cards have these rules. And look on the bright side: It’s pretty easy to avoid losing your rewards.
Here’s how to make sure your Citi Double Cash rewards don’t expire:
Make at least one purchase every year. Simply spending a few dollars at a gas station or grocery store every once in a while will help you avoid losing rewards due to inactivity.
Regularly redeem your cash back. You can get your cash back as a statement credit, check or direct deposit to a bank account. This won’t reset the expiration countdown, but it will keep you from having much to lose.
You’ll also lose your rewards if Citi closes your account due to irresponsible or illegal behavior. That includes things like not making even the minimum payments for a long time or trying to defraud Citi. So, uh, don’t do that.