Why the Citi Double Cash Is Now a Rewards Powerhouse

Aug 11, 2022

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You don't have to pay an annual fee to find a credit card with a lucrative rewards earning structure. Just take a look at the Citi® Double Cash Card – 18 month BT offer. It has $0 annual fee and offers a combined 2% cash back rewards rate with no cap. You earn 1% when you make a purchase and 1% when you pay it off.

Plus, after a recent change, you’re not limited to redeeming cash-back rewards exclusively. You can now convert cash-back rewards to Citi ThankYou points, which you can transfer to airline transfer partners.

The Citi® Double Cash Card – 18 month BT offer is worth considering whether you’re new to rewards credit cards or just looking for a no-annual-fee card with a high earning rate.

Limited-time welcome offer

Currently, the Citi® Double Cash Card – 18 month BT offer offers the following welcome bonus: For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

Valuable rewards

If you're interested in this card, it might be smart to act now, as the Citi® Double Cash Card – 18 month BT offer doesn’t typically offer a welcome bonus. Even so, the ongoing rewards structure can make up for it once the limited-time offer expires, depending on your spending habits.

Here’s an example of the rewards you can earn with the Citi® Double Cash Card – 18 month BT offer. Let’s say you make $1,000 worth of purchases each month and pay off the balance in full. You’ll earn $20 in cash rewards each month. That’s $240 worth of cash back over the course of a year, which is not bad for a card with a $0 annual fee.

To redeem your rewards for cash back, you must have a cash rewards balance of $25 or more. Then, you can choose a statement credit, check or credit to a linked account.

Convert cash rewards to ThankYou points for flexibility

Citi® Double Cash Card – 18 month BT offer holders are not limited to redeeming rewards for cash back only. You can also convert cash rewards into Citi ThankYou points.

This means you could turn $100 in cash rewards into 10,000 ThankYou points. Then, you can redeem points for travel, gift cards, purchases at eligible retailers and other options.

Depending on your credit card strategy and travel goals, this conversion flexibility can potentially increase the value of your rewards. For example, you can maximize this feature if you have another Citi card that earns ThankYou points, like the Citi Premier® Card or Citi Prestige® Card.

On its own, the Citi® Double Cash Card – 18 month BT offer only gives you the ability to transfer ThankYou points to JetBlue and Citi's hotel partners. However, if you also have the Citi Premier® Card or Citi Prestige® Card, you could combine points and transfer them to any of Citi’s 16 airline partners.

Converting cash rewards linked to your Citi® Double Cash Card – 18 month BT offer can increase the value of your rewards significantly.

The bottom line

This $0-annual-fee card offers a straightforward rewards structure with a high earn rate. The ability to convert cash rewards to Citi ThankYou points provides greater flexibility and value.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

partner programs

IHG® One Rewards
Get exclusive benefits and earn points faster
World of Hyatt
Enjoy free nights, member rates and more
Alaska Mileage Plan
Join Mileage Plan and Save $25 on your next flight
IHG® Rewards Program

IHG® One Rewards

Wherever you go, however you stay, IHG One Rewards offers rewards for every one.

on IHG One Rewards’ website

Highlights:
  1. Cheers to new tiers: New tiers allow members to earn points faster.
  2. Piling on the perks: New members benefits that enhance every stay
  3. Milestone Rewards: Allows members to choose their rewards.
  1. Cheers to new tiers: New tiers allow members to earn points faster.
  2. Piling on the perks: New members benefits that enhance every stay
  3. Milestone Rewards: Allows members to choose their rewards.

on IHG One Rewards’ website

World of Hyatt

World of Hyatt

With the World of Hyatt loyalty program, enjoy a world of rewards designed to revolve around you.

on Hyatt's website

Highlights:
  1. Earn points for things you already enjoy with Hyatt
  2. Use your points for free nights at more than 1,100 hotels around the world
  3. Three elite tiers to unlock exceptional benefits - room upgrades and more.
  1. Earn points for things you already enjoy with Hyatt
  2. Use your points for free nights at more than 1,100 hotels around the world
  3. Three elite tiers to unlock exceptional benefits - room upgrades and more.

on Hyatt's website

logo image

Alaska Mileage Plan

Mileage Plan is Alaska's loyalty program for anyone who loves to travel and is free to join!

on Alaska's website

Highlights:
  1. Join Mileage Plan and Save $25 on your next flight
  2. Our members earn 30% more miles on average than other airlines
  3. You earn based on how far you fly, not how much you spend
  1. Join Mileage Plan and Save $25 on your next flight
  2. Our members earn 30% more miles on average than other airlines
  3. You earn based on how far you fly, not how much you spend

on Alaska's website

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