Deal DetailsLast Edited by johnny_miller August 28, 2014 at 02:16 PM
From the terms and conditions about the earning and redemption of cash back:
Cash Back on Purchases: Unless you are participating in a limited time promotional offer, you will earn 1% cash back based upon eligible purchases appearing on your current month's billing statement. Eligible purchases you make will be accumulated in the "Purchase Tracker" shown on your billing statement. The Purchase Tracker shows the balance eligible to earn cash back on payments each billing cycle. Eligible purchases do not include balance transfers, cash advances, convenience checks, disputed or unauthorized purchases/fraudulent transactions, Card Account fees and finance charges and fees for services or programs you elect to receive through us. Limited time promotional offers do not apply to personal banking transactions you make so you will only earn 1% on these transactions.
Cash Back on Payments: You will also earn 1% cash back on payments you make that appear on your current month's billing statement as long as the amount paid is at least the Minimum Payment Due that is printed on your billing statement and there is a balance in the Purchase Tracker. The balance in the Purchase Tracker is reduced by eligible payments you make. When the Purchase Tracker reaches $0, you won't earn cash back on payments until more eligible purchases are made.
Redeeming Cash Rewards: As soon as the cash rewards balance totals $25 or more, you may visit www.citi.com or contact us at 1-855-473-4583 to redeem your cash rewards. You can choose to redeem your cash rewards as follows:
request a check for at least $25 up to the total cash rewards balance at the time you redeem;
redeem for a statement credit to your Card Account for at least $25 up to the total cash rewards balance at the time you redeem;
redeem for a gift card in set denominations from the available inventory.
Beginning September 7, you can convert your existing Citi card to this one.
A few details for existing card holders converting to Double Cash:
- Use 24 hour custom service number: 1-800-950-5114
- Some have had a new account number created, other have kept the existing one
- Some have had trouble converting Visa cards
- All Simplicity cards are ineligible for conversion except for the Simplicity Cash card. Some have had trouble converting Citi Forward.
- Takes 10-14 days to receive new card, Double Cash won't apply until new card is activated
- Double Cash card does has an EMV chip
- You lose the lost luggage coverage
- Still has the 3% foreign transaction fee
Once you've earned $25+ in cash back, you can redeem for a check, direct deposit, statement credit or giftcard.
Giftcards currently at 1:1 ratio:
Barnes & Noble
Bath & Body Works
Bed Bath & Beyond
Regal Entertainment Group
The Home Depot