Where to Redeem Citi Double Cash Rewards

The Citi Double Cash card is a useful card with powerful cash back rewards. This card gives cardholders 2% cash back on all purchases: 1% when you spend and 1% when you pay back. This rate allows cardholders to quickly rack up cash back rewards. Cardholders can redeem Citi Double Cash rewards for gift cards, direct deposit, and more.

To redeem your cash rewards, log in to your account at citi.com. Your cash back rewards balance will be displayed on the right. To see redemption options and proceed to redeem rewards, click “Redeem”. Note that if your card is inactive for 12 months, your cash back will expire.

 Statement Credit

The first way to redeem your Citi Double Cash rewards is through a statement credit. This means that Citi will apply your cash back to your account and deduct the amount of money you owe on your statement. You will not have to pay back as much money on your monthly bill since your cash back has been applied.

Note that Citi does not count statement credits as a payment even though it is deducted from your account, so you still have to make your minimum monthly payments to avoid penalty fees. Statement credits will be applied to accounts in roughly 2-3 business days.

Direct Deposit

Another useful way to redeem Citi Double Cash rewards is through direct deposit. If you choose this option, your cash back balance will be applied directly to your bank account. From there, you can spend your rewards as you normally do from your bank account. To be eligible for direct deposit, you must either have a Citi savings/checking account or have paid your credit card bill at least twice. This option takes about 1-2 business days to process.

Check

Furthermore, you can even redeem your Citi Double Cash rewards as a check. If you select this option, Citi will send you your cash back balance in the form of a paper check. Make sure you have the correct address on file and allow from 7-10 business days for the check to arrive.

Gift Card

The last way to redeem Citi Double Cash rewards is through gift cards. If you choose the “Gift Card” option, you will be taken to Citi’s gift card marketplace, where you can select from retail stores, dining, electronics, and entertainment gift cards. Gift cards are worth $25, $50, or $100, and will be mailed to you once you choose one.

Takeaways:

The Citi Double Cash card has multiple useful ways to redeem cash back rewards. These reward methods can help pay for owed payments and also aid with future purchases. The flexible options guarantee that cardholders are able to use their rewards toward their preferred area of spending.