Citi Double Cash Changes
One of Citi’s most popular credit cards is getting even 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. If all you care about is cash back then you have nothing to worry about. Citi Double Cash cardmembers can still redeem points for cash back, via direct deposit, statement credit or check. In fact things get better because while the redemption value stays the same(for example, 1,000 ThankYou Points = $10 in cash rewards), there will no longer be a $25 minimum to redeem for a statement credit or direct deposit. Plus points never expire as long as an account remains open.
But in addition, cardmembers now have an array of new redemption options through ThankYou Rewards, including Shop with Points, gift cards, travel, charitable donations, among others. Any existing cash rewards on a customer’s account will be automatically converted into ThankYou Points in a ratio of $0.01 to 1 point.
On March 28th, 2022, any cash rewards that you have will automatically be converted to ThankYou Points and will be combined with any existing ThankYou Points you have that are connected to your Double Cash account.
This refresh 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 Citi Double Cash Card has never had an annual fee, and it’s staying that way.
Over the last year, ThankYou Rewards has grown exponentially to include more than 50,000 hotels and vacation rentals through Wyndham Rewards and Choice Privileges; new charitable redemption options with CODE (RED) and the Susan G. Komen Foundation; and 12 new gift card merchants to the now nearly 140 merchants within the ThankYou Gift Card catalog, including Nordstrom, Ace Hardware, and The Container Store.
Citi ThankYou Travel Partners
| Partner | Ratio |
|---|---|
| Aeromexico Club Premier | 1:1 |
| Air France KLM Flying Blue | 1:1 |
| American Airlines AAdvantage (7/17-11/13/21) | 1:1 |
| Avianca LifeMiles | 1:1 |
| Cathay Pacific Asia Miles | 1:1 |
| Emirates Skywards | 1:1 |
| Etihad Guest | 1:1 |
| EVA Air Infinity MileageLands | 1:1 |
| Jet Airways JetPrivilege | 1:1 |
| JetBlue TrueBlue | Up to 1:1 |
| Malaysia Airlines Enrich | 1:1 |
| Qantas Frequent Flyer | 1:1 |
| Qatar Privilege Club | 1:1 |
| Singapore Airlines KrisFlyer | 1:1 |
| Thai Royal Orchid Plus | 1:1 |
| Turkish Airlines Miles & Smiles | 1:1 |
| Virgin Atlantic Flying Club | 1:1 |
| Choice Privileges | Up to 1:2 |
| Virgin Red | 1:1 |
| Wyndham Rewards | Up to 1:1 |
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