Citi Double Cash Will Soon Earn ThankYou Points
Citi Double Cash is a no-fee credit card that earns 2% cash back on all purchases. Now the card is getting a refresh and it actually gets better.
Starting March 28, 2022, Citi Double Cash cardmembers will continue to earn 1% cash back when they buy and 1% when they pay for their purchases however cash back will be earned in the form of ThankYou Points.
How will this work? 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.
So if you are not interested in ThankYou Points at all, there’s no major change here for you. It just gets easier to cash out your cash back with no minimum redemption.
However, those who want to use ThankYou Points have an array of new redemption options through ThankYou Rewards. That includes travel partners, Shop with Points, gift cards, charitable donations, and more.
This marks the first major change to the card since 2019 when Double Cash cardmembers first gained the option to transfer cash back into ThankYou Points.
The program has seen some valuable additions as well over the last year. ThankYou Rewards has grown to include more than 50,000 hotels and vacation rentals through Wyndham Rewards and Choice Privileges. There are also new charitable redemption options with CODE (RED) and the Susan G. Komen Foundation, and 12 new gift card merchants.
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My wife and I stopped using our Citi DC card and started using our SoFi card because, while both give us 2%, and we had similar limits with both (Citi just raised us), SoFi had no minimum to redeem and no FTF. I still have to wait until I pay it, but this will undoubtedly push us to use our Citi card instead.
will this allow me to downgrade my premier card to this card and keep my points?