Citi Introduces New Citi® Double Cash Card Redemption Option 

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Last updated on April 13th, 2023

The Citi® Double Cash Card – 18 month BT offer is one of the most popular cash back rewards cards. Citi® has just rolled out a new Citi® Double Cash Card redemption, with the option of transferring to Citi ThankYou® points. Here’s what you need to know.

Story at a Glance:

  • Citi now allows select Double Cash Cardholders to trade in cash back for ThankYou® points
  • Offer open to Citi Double Cash Cardholders with the 18-month balance transfer offer
  • ThankYou® points transfer at a 1:1 ratio to many airlines, including JetBlue and Avianca
  • Those transferring ThankYou® points to JetBlue by 10/19/19 receive a 25% TrueBlue points bonus

New Cash Back Redemption Offer from Citi

The Citi® Double Cash Card – 18 month BT offer is a great cashback rewards credit card. It offers unlimited 2% cash back on all purchases: 1% back when making purchases and another 1% back after the purchase is paid off via the customer’s account. Recently, Citi rolled out a long-awaited upgrade to their cash back program, with Double Cash cardholders now able to trade in their cash back rewards for Citi ThankYou® Points.  The new redemption, currently available to those taking advantage of Citi’s 0% introductory APR for 18 months offer on balance transfers, is a great option – especially given the value for money that the ThankYou rewards program offers.

ThankYou rewards points transfer at an excellent rate for many external programs, with the best value being in airline miles. JetBlue TrueBlue is one of the premier frequent flyer programs in the United States, and ThankYou points transfer at a one-to-one (1:1) ratio with JetBlue. Typically, airline rewards require a minimum of around 5 rewards points per airline mile, making this redemption value exceptional.  What makes this reward even better is that for an extremely limited time (ending Saturday, October 19, 2019) Citi ThankYou members get an additional 25% bonus TrueBlue points when transferring their ThankYou points to JetBlue. Since redemption of TrueBlue points for award flights start as low as 3,500 points, we recommend not missing this offer!  Citi ThankYou points also transfer at a 1:1 ratio for several other airlines, with a minimum of 1,000 points required. These airlines include:

  • Avianca
  • Air France
  • Cathay Pacific
  • Etihad
  • EVA Air
  • KLM
  • Malaysia Airlines
  • Qantas
  • Singapore Airlines
  • Thai Airways
  • Turkish Airlines
  • Virgin Atlantic

While transferring to JetBlue is currently the best deal – especially for U.S. travelers, once the 25% bonus points offer expires – Avianca LifeMiles offer the best transfer value to those looking to exchange their Citi cash back for frequent flyer miles. Avianca LifeMiles has terrific value for money and are applicable to any Star Alliance carrier, including United Airlines, Turkish Airlines, Air Canada, Lufthansa, and more.

Summing It All Up

What, then, should people make of the new Citi Double Cash Card redemption option? Overall, the card is a reliable, everyday cash back rewards credit card that benefits from no annual fee, a modestly competitive variable APR, and the 0% introductory APR on balance transfers for 18 months offer. The card also benefits from a selection of nice Citi perks, including exclusive access to entertainment ticket pre-sales.  Depending on how you choose to redeem your cash back (either as a statement credit, towards a deposit with your bank, for gift cards, etc.), the Double Cash Card may be ideal – especially for those looking to use their cash back bonuses for travel. This is especially true for those who like to shop around before transferring their points, as Citi’s ThankYou program is continuously offering new deals for points-to-miles transactions, with JetBlue’s offer being the latest.

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About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

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