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How to get maximum value out of your Citi Double Cash ThankYou points

Aug. 18, 2022
5 min read
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When you’re looking for the best return on your credit card purchases, you have two primary earning categories: points/miles-earning cards or cash-back cards.

One of the best cash-back cards around is the Citi® Double Cash Card. Despite having no annual fee, you can earn a solid 2% cash back on all purchases — 1% at the time of purchase and another 1% when you pay your balance.

Let's have a look at the hack to get you maximum value out of the ThankYou points you earn on your Double Cash card.

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How to maximize points earned on the Citi Double Cash Card

The Citi Double Cash card has always been marketed as a cash-back card, but in March 2022, Citi announced that the card would earn rewards in the form of ThankYou points.

You can still redeem these ThankYou points for cash back or gift cards, but you can also now redeem them for travel by shopping through the Citi travel portal or by transferring them to three of Citi's transfer partners: JetBlue TrueBlue, Wyndham Rewards and Choice Privileges.

(Screenshot from thankyou.com)

However, if you also have the Citi Premier Card or the Citi Prestige Card (no longer available to new applicants), your ThankYou points are even more valuable, because you can transfer them to the full range of Citi's transfer partners. Holding one of these cards unlocks additional loyalty programs, including Aeromexico, Etihad Guest, and Virgin Atlantic Flying Club. It also increases the redemption value for JetBlue TrueBlue, Wyndham Rewards and Choice Privileges.

The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

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Similar to transferring Chase Ultimate Rewards points from your Chase Freedom Unlimited to your Chase Sapphire Preferred card in order to take advantage of Chase travel partners, you can combine your ThankYou points from multiple cards to reap maximum benefits.

Even better, combining your ThankYou points is very simple. While Chase requires you to transfer your points from one card to another, Citi allows you to simply combine all of your ThankYou points into the same account.

(Screenshot from citi.com)

Related: Credit card showdown: Citi Double Cash vs. Chase Freedom Unlimited

Once your ThankYou points are combined, you can use redeem them for the full list of redemption options on any of your Citi ThankYou cards.

An example

If you have the Citi Premier Card or the Citi Prestige Card, the additional transfer partners will appear on your ThankYou redemption page. If you have 20,000 ThankYou points, for example, holding one of these cards allows you to transfer them to Virgin Atlantic Flying Club, where you can use them to fly from the Northeastern U.S. to the U.K. during the standard season, according to their redemption table.

Additionally, while you can transfer your ThankYou points to Wyndham Rewards without holding one of these cards, holding one of them increases your transfer value by 20%.

(Screenshot from citi.com)

Something to keep in mind

Note that even though your ThankYou points all show up together on your account when you combine them, Citi keeps track of which points you earned with which card. If you cancel one of your cards, the points associated with that account will expire within 60 days of your cancelation. If you plan to cancel a card, make sure to redeem those points quickly enough to avoid losing them.

Bottom Line

The Citi Double Cash Card is one of the top everyday credit cards due to its 2% (or 2 ThankYou Points) earn rate on all purchases. TPG values ThankYou points at 1.8 cents each, meaning this card effectively gets a 3.6% return on all purchases.

You can get even more value from the ThankYou points you earn on your Double Cash card if you also hold a Premier or Prestige card.

Official application link: Citi® Double Cash Card

Additional reporting by JT Genter and Joseph Hostetler.

Featured image by (Photo by John Gribben for The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

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Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
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Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
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  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
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  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023