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The Citi® Double Cash Card has no annual fee and earns 2% cash back (1% when you make a purchase and 1% when you pay for the purchase). That makes it one of the best value cards (strong rewards with no or low annual fee) and one of the very best cash back cards.
So far so good, it’s been a strong value card for awhile. However effective today earnings transfer to Citi ThankYou Points 1:1 ($1 in cash rewards becomes 100 ThankYou Points).
If you combine points into a Premier or Prestige card you’ll be able to either earn 2 transferable points to airline miles per dollar spent. In other words transfer Citi Double Cash to ThankYou Rewards, and on to a Premier Or Prestige Card’s ThankYou account and transfer 1:1 into the follow programs:
- Star Alliance: EVA Air, Avianca LifeMiles, Singapore Airlines, Thai Airways, Turkish Airlines
- oneworld: Cathay Pacific, Finnair, Qantas, Qatar
- SkyTeam: Air France KLM
- Non-alliance: Etihad, JetBlue, JetPrivilege, Virgin Atlantic
Transfer points, for instance, to Turkish Airlines and Hawaii awards are 7500 miles each way in coach or 12,500 in business class on United each way. And since you’re earning 2 points per dollar on all spend with Citi Double Cash (transferred to ThankYou Rewards and on to a Citi Prestige or Premier account) just $6250 spend is enough for one way premium cabin redemption to Hawaii.
Moreover since the Premier Card gets you 1.25 cents per point in value towards paid air travel, transferring Double Cash ThankYou Rewards to Premier means earning a rebate of 2.5% on all spend towards airfare. That’s one of the best rebates out there in addition to having the flexibility to transfer to airline miles.
This becomes the single best personal card for unbonused spend since (pair with a Citi card whose points transfer to miles) it earns 2 airline miles per dollar spent without any category bonuses.
- The Blue Business® Plus Credit Card from American Express earns 2 Membership Rewards points per dollar spend, but it’s a business card and it only earns that fast on the first $50,000 each year – while Citi Double Cash’s earn is uncapped.
- Capital One® Venture® Rewards Credit Card may be better as a standalone earning an effective rebate of 2% towards paid travel or earning 1.5 airline miles in several programs (where the transfer rate is 2:1.5).
- Combine a Chase Sapphire Preferred® Card and Ink Business Unlimited℠ Credit Card and you can earn 1.5 miles on unbonused spend as well, but not 2 miles per dollar (there are other Chase combinations that accomplish the same thing).