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Citi Double Cash Card just dropped the 2% cashback to 2% Thank you points and became unattractive
February 4, 2022 at
04:52 AM
in
Finance
(4)
Thread Details
Last Edited by Universeisgr8 February 5, 2022 at 02:23 PM
Got an email today from Citibank about the changes announced for the Citi Double Cash card cashback system. Now instead of earning the 2% cashback and be able to redeem always as cash, you will earn, starting 3/28/22, one Thankyou point every one dollar spent and one Thankyou point after paying the card statement.
So at this moment, you will still earn 2% cashback in points but this may not be as straightforward for some as just getting pure cash back and there is a risk of points devaluation in the future.
I believe this change is not targeted but nationwide.
So at this moment, you will still earn 2% cashback in points but this may not be as straightforward for some as just getting pure cash back and there is a risk of points devaluation in the future.
I believe this change is not targeted but nationwide.
About the OP
Community Wiki
Last Edited by bluekiwi
February 5, 2022
at
06:18 AM
You will earn ThankYou Points which you can redeem for a bunch of options, including cash at the same redemption rate as before.
62 Comments
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1) I have same card but didnt get the email (yet)
2) You need to go back to math class. Under current system, if I spend $500, I get 2% back = $500 x 0.02 = $10
Under new system, you spend $500, you get 1000 points. 1,000 points = $10 per what you typed in and the pictures.
I see no difference.
*NOTE* - OP corrected the original post with math error as noted by two posts above mine but the post as edited is just as meaningless. It is just as easy to get cash back from the ThankYou points as it is the old rewards. The change is really a big "nothing burger"
1) I have same card but didnt get the email (yet)
2) You need to go back to math class. Under current system, if I spend $500, I get 2% back = $500 x 0.02 = $10
Under new system, you spend $500, you get 1000 points. 1,000 points = $10 per what you typed in and the pictures.
I see no difference.
1) I have same card but didnt get the email (yet)
2) You need to go back to math class. Under current system, if I spend $500, I get 2% back = $500 x 0.02 = $10
Under new system, you spend $500, you get 1000 points. 1,000 points = $10 per what you typed in and the pictures.
I see no difference.
*NOTE* - OP corrected the original post with math error as noted by two posts above mine but the post as edited is just as meaningless. It is just as easy to get cash back from the ThankYou points as it is the old rewards. The change is really a big "nothing burger"
Hahah I know treating points vs actual cash back redemption. What's the difference, same crap 2% in the end
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1) I have same card but didnt get the email (yet)
2) You need to go back to math class. Under current system, if I spend $500, I get 2% back = $500 x 0.02 = $10
Under new system, you spend $500, you get 1000 points. 1,000 points = $10 per what you typed in and the pictures.
I see no difference.
*NOTE* - OP corrected the original post with math error as noted by two posts above mine but the post as edited is just as meaningless. It is just as easy to get cash back from the ThankYou points as it is the old rewards. The change is really a big "nothing burger"
It's 1% back on spend plus 1% back on payments. Not 2% on spend. Get your facts straight if you're gonna sling insults.