Citi Double Cash Card Bonus Of 20,000 Points ($200)

Citi Double Cash Card Bonus Of 20,000 Points ($200)

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Link: Apply now for the Citi® Double Cash Card

The Citi Double Cash Card (review) is probably my favorite no annual fee card. For the first time that I can ever recall, the card is offering a publicly available welcome bonus — this is a fantastic time to pick up the card! This bonus was first introduced several weeks ago, but I wanted to post a reminder, as it’s anyone’s guess how long this offer will be around.

The Citi Double Cash finally has a welcome bonus

The Citi Double Cash Card has a welcome bonus of 20,000 ThankYou points after spending $1,500 within the first six months. That’s a very reasonable spending requirement, especially since you have six months to complete it. This is being marketed as a limited time offer, though the end date hasn’t yet been published.

Those 20,000 ThankYou points can either be redeemed for $200 cash, or can potentially be transferred to Citi ThankYou airline & hotel partners, in conjunction with the Citi Premier® Card (review).

Citi’s standard credit card application policies apply, the most significant of which is that you can be approved for at most one Citi card every eight days, and two Citi cards every 65 days. This is a rolling limit. Note that eligibility for this bonus is unrelated to eligibility for any other Citi card, so there’s no 24 or 48 month rule to worry about here.

Redeem Citi Double Cash rewards for great travel experiences

Why you want to get the Citi Double Cash

Plain and simple, the no annual fee Citi Double Cash Card is one of the best credit cards for everyday spending. On the most basic level:

  • The card offers 1x ThankYou points when you make a purchase, and 1x ThankYou points when you pay for a purchase, giving you the opportunity to earn up to 2x ThankYou points on purchases
  • Each ThankYou point can be redeemed for one cent cash back (toward a statement credit or direct deposit) with no minimum redemption amount

For those of us into miles & points, it gets better than that, though. If you have the Citi Double Cash Card in conjunction with the Citi Premier Card, then points earned on both cards can be transferred to Citi ThankYou airline & hotel partners at a 1:1 ratio. That essentially makes the Citi Double Cash a no annual fee card earning 2x transferable points.

Lastly, keep in mind that having more credit cards in the long run can help your credit score. It increases your average age of accounts, and increases your total available credit, which can help lower your credit utilization. You can’t beat holding onto no annual fee cards in the long run that not only help your credit score, but can also offer you value. That should be half of the reason you consider picking up this card.

Redeem Citi ThankYou points for travel in Qatar Airways Qsuites

What’s the best strategy to take with Citi?

I consider the Citi Premier Card and Citi Double Cash Card to be one of the best credit card duos out there. For the low $95 annual fee of the Citi Premier Card you get the following:

  • The Citi Premier Card offers 3x points on dining, gas stations, groceries, airfare, and hotels, while the Citi Double Cash Card offers 2x points on all other purchases
  • The Citi Premier Card offers a $100 annual hotel credit through the Citi ThankYou Travel Portal, which you can use on a hotel stay of $500 or more (before taxes and fees)
  • By having both cards you can transfer all your points to Citi ThankYou partners, ranging from Emirates Skywards, to Singapore KrisFlyer, to Virgin Atlantic Flying Club
  • The Citi Premier Card is also offering a best-ever welcome bonus of 80,000 ThankYou points after spending $4,000 within the first three months, making it a great time to pick up the card

So, what would my strategy be?

  • If you already have the Citi Premier Card, I’d now apply for the Citi Double Cash Card, since the card finally has a bonus, the card is great for everyday spending, and having credit cards long term is good for your credit score
  • If you don’t have either card, I’d consider applying for the Citi Premier Card now for the amazing 80,000 ThankYou points you can earn, and then picking up the Citi Double Cash Card in eight or more days; you’ll have an amazing credit card duo for your spending, plus 100,000 ThankYou points between the two bonuses
Citi ThankYou points can unlock some great travel experiences

Bottom line

The Citi Double Cash Card has a welcome bonus of 20,000 ThankYou points after spending $1,500 within six months, which is pretty exciting, as I don’t recall the card ever having a publicly available bonus. This is a fantastic no annual fee card for everyday spending, and an ideal complement to the Citi Premier Card.

If you’re not yet in the Citi ThankYou ecosystem, there has never been a better time to get involved. Personally I’d start with the Citi Premier Card, and then apply for the Citi Double Cash Card eight or more days later.

Any OMAAT readers finally considering the Citi Double Cash now that it has a welcome bonus?

Conversations (16)
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  1. Frog Guest

    I wonder if all the people who get excited about new credit card offers realize that it isnt quite a free lunch. Fees charged to merchants in the US range between 2% to 3.5% and this is basically built into the price of everything you buy. In contrast, transaction fees in the EU are capped at 0.3% and in some countries in Asia can be as low as 0.1%.

    Yes, it is probably better to...

    I wonder if all the people who get excited about new credit card offers realize that it isnt quite a free lunch. Fees charged to merchants in the US range between 2% to 3.5% and this is basically built into the price of everything you buy. In contrast, transaction fees in the EU are capped at 0.3% and in some countries in Asia can be as low as 0.1%.

    Yes, it is probably better to buy with a credit card than cash because you pay the inflated prices in the US either way. But that is exactly what keeps this giant scheme running and makes Visa and MC amongst the most profitable companies in the world.

    1. CXTraveller New Member

      Of course we realize "there's no such thing as a free lunch." So what's your solution?

      I can tell you my solution, and it's NOT for consumers like us not using credit cards on our own. Retailers have to do it themselves. Many gas stations already have this going: cheaper gas if you pay cash. In the meantime, please excuse us trying to recoup as much of the "extra cost" and maximize the values as we can.

  2. guisun Gold

    Just applied. Thanks for the link.

  3. edward Guest

    any idea when the 80,000 bonus offer will disappera?

  4. Pam Guest

    Hi Ben, you prev wrote that TYP transferred from another person must be redeemed in 90 days. When redeeming, is there a specific way to know those points are being redeemed (to not go over their redemption period)? Or does Citi look at total points in an account & if the transferred number is redeemed within 90 days then all is well? Thank you

    1. Ben Schlappig OMAAT

      @ Pam -- Citi always first pulls the ThankYou points expiring soonest, so as long as you redeem the number of points you've received within that timeframe, you should be good. Nothing more required.

    2. Daniel B. Guest

      or as you had advised me before, as long as that many TY points are transferred out of the account to an airline partner within 90 days, I should be ok

  5. Jules Guest

    I don't really understand why this is exciting given that the AMEX BBP offers 2X on all spend, has a comparable sign-up bonus, and doesn't affect your 5/24 status.

    1. Ben Schlappig OMAAT

      @ Jules -- It's certainly not for everyone, though I'd say there are a few considerations, even though the Blue Business Plus is a great card (and is worth getting). Mastercard has better global acceptance than Amex, there's no cap on the purchases for which you can earn 2x points, points can be cashed out at one cent each if you prefer, and this card is also great if you're trying to get more involved...

      @ Jules -- It's certainly not for everyone, though I'd say there are a few considerations, even though the Blue Business Plus is a great card (and is worth getting). Mastercard has better global acceptance than Amex, there's no cap on the purchases for which you can earn 2x points, points can be cashed out at one cent each if you prefer, and this card is also great if you're trying to get more involved in the Citi ThankYou ecosystem.

      It's still not for everyone, though I do think the combination of the Citi Double Cash and Citi Premier is pretty unbeatable.

    2. ML Guest

      You don't understand that not everyone has a business?

  6. CXTraveller New Member

    Thanks for the heads-up on this offer! I have been looking for a good offer on this card forever because it works perfectly with my Premier Card. Instantly approved! This and the Venture X will be my go-to cards for all "other" spending.

    1. Ben Schlappig OMAAT

      @ CXTraveller -- Awesome, congrats on the instant approval!

  7. DenB Diamond

    A welcome prompt to pick the low-hanging fruit! Existing Citi customer with AA personal, AA Business, Premier. Instant approval $6,800.

    1. Ben Schlappig OMAAT

      @ DenB -- Awesome!!

  8. Daniel B. Guest

    Both me and my wife just applied for it - instant approvals.

    1. Ben Schlappig OMAAT

      @ Daniel B. -- Woot, congrats!!

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

CXTraveller New Member

Of course we realize "there's no such thing as a free lunch." So what's your solution? I can tell you my solution, and it's NOT for consumers like us not using credit cards on our own. Retailers have to do it themselves. Many gas stations already have this going: cheaper gas if you pay cash. In the meantime, please excuse us trying to recoup as much of the "extra cost" and maximize the values as we can.

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Frog Guest

I wonder if all the people who get excited about new credit card offers realize that it isnt quite a free lunch. Fees charged to merchants in the US range between 2% to 3.5% and this is basically built into the price of everything you buy. In contrast, transaction fees in the EU are capped at 0.3% and in some countries in Asia can be as low as 0.1%. Yes, it is probably better to buy with a credit card than cash because you pay the inflated prices in the US either way. But that is exactly what keeps this giant scheme running and makes Visa and MC amongst the most profitable companies in the world.

0
guisun Gold

Just applied. Thanks for the link.

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