HomeFinanceCiti Double Cash Will Move to Points System, Eliminate $25 Minimum Redemption

Citi Double Cash Will Move to Points System, Eliminate $25 Minimum Redemption

Citi® Double Cash Card
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According to Citi, beginning on March 28, 2022, the cardboard will start incomes rewards as Citi ThankYou factors as a substitute of money again. This means the cardboard will earn 2 ThankYou factors per $1 spent: 1 level per $1 while you make a purchase order, and 1 level per $1 while you pay it off.

Existing money rewards in your account on the time of the change will mechanically be transformed to ThankYou factors.

For cash-back lovers, the switchover to a factors system is not an enormous deal as a result of level values will not change in that situation: They’ll nonetheless be price a penny every while you redeem for money again within the kind of a direct deposit, assertion credit score or paper test. For instance, 1,000 ThankYou factors will get you $10 in money.

Other redemption choices

Aside from money again, ThankYou factors may be redeemed towards reward playing cards, journey and spending by way of Amazon.com. They can be transferred to a restricted variety of Citi journey companions, together with JetBlue and Wyndham.

Note, nonetheless, that time values could range when you select to redeem them for something apart from money.

Nerdy tip: If you additionally maintain different Citi playing cards — such because the Citi Premier® Card — you’ve got many extra transfer-partner choices and may mix factors throughout your Citi card accounts, together with factors earned on the Citi Double Cash.

Minimum redemption modifications

In addition to the change in rewards incomes for the Citi® Double Cash Card – 18 month BT provide, the cardboard is taking away its $25 minimal redemption threshold while you redeem for a direct deposit or assertion credit score. Starting March 28, 2022, cardholders might be ready to redeem factors in any quantity and at any time.

(If you choose to redeem for a bodily test by mail, a minimal redemption of $5 will apply.)

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