How does Citi Double Cash work?

The Citi Double Cash Card stands out among its competitors with its high reward rate. With a superior flat cashback rate, the card provides simplicity for those who want to earn extra rewards without having to think about where they can use the card and whether they’ve exceeded each categories’ spending limit. Below is an overview of how the Citi Double Cash works. 

How does Citi Double Cash work? 

As the name implies, the Citi Double Cash operates by rewarding cardholders cash back twice. 

First, you earn 1% unlimited cash back on every purchase you make. Then, as you pay for those purchases – whether it’s all at once or over time – you earn an additional 1% back on those payments. Note that you do not earn cash back on balance transfers, cash advances, account fees, interest, or returned items. 

To earn cash back, you must pay at least the minimum due on time. Additionally, the sooner you make your payments, the sooner you earn the second half of the rewards. The 2% cashback on purchases distributed into two stages serves as an incentive for cardholders to pay their bills on time. 

Many rewards credit cards offer cash back on certain spending categories such as gas, groceries, or restaurants. Furthermore, there is often a limit on how much you can spend in each category to remain eligible for the rewards. However, with Citi Double Cash, there are no restrictions on categories nor are there caps on the total amount of cash back you earn. Citi Double Cash eliminates the hassle of tracking or enrolling in category restrictions. You can earn rewards without having to think about where or how often you spend your card. 

How do I access your cashback rewards? 

To access your rewards with Citi Double Cash Card, you’ll need to log into your account by visiting online.citi.com. Upon logging in, you’ll be able to view an entire summary of your cash back earnings per billing cycle. Depending on the number of purchases you’ve made with the Citi Double Cash Card, you can then redeem your cash rewards balance for the various redemptions options. 

There is no rule regarding how often you should redeem your cashback rewards. However, keep in mind that they have an expiration date. Your cash rewards balances “expire” if you don’t earn cashback from purchases or payments for 12 months. 

Redemption Options 

Once you’ve started to use your card, you can choose to receive your cash back in the form of a statement credit, direct deposit, or a check. In order to redeem your cash rewards in these forms, you must have at least $45 in rewards which is equal to $1,250 in purchases. 

Furthermore, you can also convert your cash rewards into ThankYou points at ThankYou.com and use them towards purchases at Amazon.com, or redeem your points for gift cards. To redeem your cash rewards in this manner, only a $1 minimum is required.