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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
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Finance
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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.
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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Will they now take our Cashback balance and convert them to thank you points? Or does the Cashback balance remain?
I think there is technically a separate login, but if I click on Thank you through my Citi account page, it automatically logs it in. Then you can select if you want gift cards/cash/statement credit, etc. So at most, you might have to click a whole additional button.
dilution of points may be in the future
I would not be surprised if that happens.
Citi isnt doing this to benefit us. It is to benefit them.
They are all untrustworthy.
Straight up 2%.
I had another Citi credit card.
Initially you could redeem the Thank You Points for a Walmart gift card.
After a while the Walmart choice was removed.
Yeah, seems like a small improvement actually. Still earn the same (unless they devalue points someday), more options to redeem and no minimum.
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Got the email and always thinking CC company was taking away something was confused by language, but I feel much better reading the posts here.
My Citi DBL cash back card is my "other charge" card when I don't use my Costco Citi, AMEX everyday, or Amazon prime 5% for amazon card.
Straight up 2%.
I had another Citi credit card.
Initially you could redeem the Thank You Points for a Walmart gift card.
After a while the Walmart choice was removed.
Maybe auto transfer into your Roth to reduce oop annual contribution. Not useful for us that don't qualify for Roth but good deal for the rest of you.
Maybe auto transfer into your Roth to reduce oop annual contribution. Not useful for us that don't qualify for Roth but good deal for the rest of you.
Get amex blue businesss cash.
2% cashback, redeems instantly at the end of every month, has amex offers, has purchase protection, has extended warranty, doesn't have Citi's garbage payment processing system.
No clue why anyone uses doublecash in 2022. ( or any year )
Get amex blue businesss cash.
2% cashback, redeems instantly at the end of every month, has amex offers, has purchase protection, has extended warranty, doesn't have Citi's garbage payment processing system.
No clue why anyone uses doublecash in 2022. ( or any year )
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Get amex blue businesss cash.
2% cashback, redeems instantly at the end of every month, has amex offers, has purchase protection, has extended warranty, doesn't have Citi's garbage payment processing system.
No clue why anyone uses doublecash in 2022. ( or any year )
50k limit then it's 1%