Transfer your Citi Double Cash Card rewards to ThankYou Points

Jul 13, 2021

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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.

The Citi Double Cash card is also part of a category of credit cards marketed as cash-back cards, but the earnings can be made more valuable by transferring the rewards to a different credit card. If you’re not already taking advantage of this option, you could be losing out on additional cash-back.

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Other examples of this include the cash back earned through the Chase Freedom Flex (5% cash back on rotating categories up to $1,500 each quarter you activate) and Ink Business Cash Credit Card (5% cash back at office supply stores and on internet, cable and phone services on the first $25,000 spent in combined categories, each anniversary year) can be transferred to Ultimate Rewards points if you have a UR-earning card such as the Ink Business Preferred Credit CardChase Sapphire Preferred Card or the Chase Sapphire Reserve. That means you can effectively earn 5x Ultimate Rewards points on many purchases by having the right lineup of cards.

Related: Maximize Your Wallet With the Perfect Quartet of Chase Cards

When it comes to the Citi Double Cash, cardholders can convert their cash back to ThankYou Points via a linked ThankYou account. The transfer ratio for the Citi Double Cash is $1 to 100 ThankYou Points — meaning effectively a 1:1 ratio. When looking at your Double Cash Card accounts, this is what you’ll see if you’re trying to convert your cashback:

The Citi Double Cash Card is one of the top everyday credit cards due to its 2% (2x ThankYou Point earning rate) on all purchases. TPG values ThankYou points at 1.7 cents each, meaning this card effectively gets a 3.4% return on all purchases.

Currently, Citi Double Cash isn’t offering a sign-up bonus, which is understandable for a credit card with a solid 2% cash-back earning and no annual fee. Instead, the card offers new cardholders a 0% intro APR for the first 18 months on balance transfers made within the first four months of card opening (then a variable APR of 15.49% – 25.49% applies).

While we at TPG recommend that readers pay their balance in full each month, this could be a good option if you have outstanding credit card debt. Just note that there’s a balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5). So, make sure that you’re going to save at least that much in interest from your current option.

Official application link: Citi® Double Cash Card

Additional reporting by Joseph Hostetler.

Featured photo by John Gribben/The Points Guy

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

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More Things to Know
  • Limited Time Offer: Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
17.24%-26.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.