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Learn how to get probably the most worth out of your Citi Double Money ThankYou Factors – The Factors Man

Citi is a TPG promoting accomplice.

Whenever you’re in search of the very best return in your bank card purchases, you will have two main incomes classes: Points/Miles Earning Cards or Cash-back card.

Probably the greatest cash-back playing cards Citi® Double Cash Card. With no annual price, you possibly can earn a strong 2% money again on all purchases — 1% on the time of buy and one other 1% whenever you repay your steadiness.

And for a restricted time, the Citi Double Money Card comes with a $200 cash-back sign-up bonus after you spend $1,500 on purchases within the first six months of account opening.

Let’s check out hacks to get probably the most worth out of the ThankYou factors you earn in your Double Money card.

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On this publish

Learn how to maximize factors earned on Citi Double Money Card

The Citi Double Money Card has all the time been marketed as a cash-back card, however in March 2022, Citi introduced that it could be receiving rewards as a card. Thank you points.

You may nonetheless redeem these ThankYou factors for money again or present playing cards, however now you can redeem them for journey by making purchases via the Citi journey portal or by transferring them to Citi’s three switch companions: JetBlue TrueBlue, Wyndham Prize And Election privilege.

(Screenshot from thankyou.com)

Nonetheless, when you have too City Premier Card or City Prestige Card (Not accessible to new candidates), your ThankYou Factors are much more useful, as you possibly can switch them throughout classes. Citi’s transfer partner. Holding one among these playing cards unlocks further loyalty packages, together with Aeromexico, Etihad guestsAnd Virgin Atlantic Flying Club. It additionally will increase the redemption worth for JetBlue TrueBlue, Wyndham Rewards and Selection Privileges.

Data for Citi Status has been independently compiled by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

Just like switch Chase the ultimate reward points from you Chase Freedom Unlimited for you Chase Sapphire Preferred Card To reap the benefits of Chase Journey Companions, you possibly can mix your ThankYou factors from a number of playing cards to get probably the most profit.

Even higher, including your ThankYou factors is tremendous simple. Whereas Chase requires you to switch your factors from one card to a different, Citi lets you mix your entire ThankYou factors right into a single account.

(Screenshot from citi.com)

Associated: Credit Card Showdown: Citi Double Cash vs. Chase Freedom Unlimited

As soon as your ThankYou Factors are mixed, you possibly can redeem them at any of your full checklist of redemption choices. City Thank You Card.

An instance

When you have City Premier Card or City Prestige Card, further switch companions will seem in your ThankYou redemption web page. When you have 20,000 ThankYou factors, for instance, holding one among these playing cards lets you switch them to Virgin Atlantic Flying Membership, the place you should utilize them to fly from the Northeast US to the UK throughout the usual season. . Their redemption table.

Plus, when you can switch your ThankYou factors to Wyndham Rewards with out holding one among these playing cards, holding one among them will increase your switch worth by 20%.

(Screenshot from citi.com)

One thing to remember

Be aware that regardless that your ThankYou factors seem collectively in your account whenever you add them, Citi retains monitor of which factors you’ve got earned with which card. Should you cancel one among your playing cards, the factors related to that account will expire inside 60 days of your cancellation. Should you plan to cancel a card, you’ll want to redeem these factors rapidly to keep away from shedding them.

conclusion

The Citi Double Cash Card One of many high on a regular basis bank cards due to the two% (or 2 ThankYou Factors) incomes price on all purchases. TPG values ​​ThankYou points at 1.8 cents eachThat means this card successfully earns 3.6% return on all purchases.

Should you even have a Premier or Status card, you may get much more worth from the ThankYou factors you earn in your Double Money card.

For a restricted time, you may get a $200 cash-back sign-up bonus after spending $1,500 on purchases within the first six months of opening a Double Money card.

Official Software Hyperlink: Citi® Double Cash Card

Further reporting by JT Genter and Joseph Hostetler.

Featured picture by John Gribben/The Factors Man

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