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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 in the past quarter they made a change that turns the card from a top cash back card into a top card, period. The Citi® Double Cash Card‘s earnings transfer to Citi ThankYou Points at 1:1 (so $1 in cash rewards becomes 100 ThankYou Points).
On their own these points can’t transfer to most of Citi’s airline partners however if you combine points from a Citi® Double Cash Card into a Premier or Prestige card account you’ll be able to effectively use the card to earn 2 transferable points to airline miles per dollar spent. That means the minimum you’d ever earn is 2 miles per dollar with your choice of:
- Star Alliance: EVA Air, Avianca LifeMiles, Singapore Airlines, Thai Airways, Turkish Airlines
- oneworld: Cathay Pacific, Finnair, Qantas, Qatar
- SkyTeam: Air France KLM, Aeromexico
- Non-alliance: Etihad, JetBlue, JetPrivilege, Virgin Atlantic
And 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 if you prefer. 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 (paired with a Citi card whose points transfer to miles) it earns 2 airline miles per dollar spent without any category bonuses. Runners up:
- 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).