(Positive) Changes To Citi Double Cash Card

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Citibank is making changes to the Citi® Double Cash Card starting in late March (and the changes are positive). They’re eliminating the $25 minimum to redeem for cash and they’re awarding ThankYou points directly for spend on the card (which can still be converted to cash at the same rate) – but there’s no longer a need to first convert the points to ThankYou points to do other things with them, like – if you have a Citi Premier® Card – transfer those points to airline miles.

Each billing cycle, cardmembers will earn 1 point per $1 spent on purchases and an additional point for every $1 paid on the purchase balance. Citi Double Cash cardmembers can still redeem points for cash back – via direct deposit, statement credit or check – at the same redemption value (for example, 1,000 ThankYou Points = $10 in cash rewards). And, there will no longer be a $25 minimum to redeem for a statement credit or direct deposit and points never expire as long as an account remains open.

The Citi® Double Cash Card is one of the absolute strongest cash back cards. It has a $0 annual fee and earns 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you you pay for those purchases. There are no caps on the cash back you earn, and the full rebate applies regardless of spending category.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Daniel, Gary wrote the following, ” . . . but there’s no longer a need to first convert the points to ThankYou points to do other things with them, like – if you have a Citi Premier® Card – transfer those points to airline miles.”

    I commendable gesture from Citi.

  2. Does this, in effect, mean that TY points earned from any card can now be cashed out a 1cpp at any time as long as one has a double cash card?

  3. So does that mean that if you PC any TY card like the Premier or Prestige to DC (which is already allowed), you don’t need to use the TY points within 60 days ?
    Typically product-changing a TY card to a non-TY card (like the DC was considered) resulted in the TY points associated with the card to expire after 60 days. But now if the DC is becoming a TY-earning card, then technically one should be able to keep the points (which would indeed be a good development as it allows one more good product-change option

  4. @Reno Joe – Not necessarily true since other cards that earn TY points can’t be redeemed for airline miles. For example, the Citi Custom Cash card earns Thank You points, but you need a Prestige or Premier to transfer to airline programs.

  5. At least if they would also remove the FOREX fees would make this card a head to head with Cap1 Venture

  6. @Daniel, without the Prestige/Premier you can transfer to JetBlue/Choice Hotels/Wyndham, Choice is the the only one of any value most of the time.

    The U.S. based Choice rates are terrible for hotel quality and points redemption, but you can use them on the semi-affiliated, significantly nicer Nordic Choice hotels in Scandinavia at a excellent redemption value.

  7. Glad to know. Have had one for several years and seldom use it.
    They seem to lack the gifts of an Amex or even a Cap One card.
    Perhaps if they tried harder, I’d be more inclined to keep the Gold Card in my wallet.

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