How to Redeem Cash Back with Citi

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The information related to Citi® Double Cash Card – 18 month BT offer has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

Citi is well known for offering quality credit cards with great balance transfer offers, but the Citi® Double Cash Card – 18 month BT offer, in particular, is a strong contender for cash back rewards.

The Citi® Double Cash Card – 18 month BT offer has a $0 annual fee and you can Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay..

This card also has an APR of 15.49% - 25.49% (Variable) and an introductory 0% for 18 months on Balance Transfers.

Even though Citi doesn’t have the highest cash back rate, the fact that you can earn unlimited cash back sets this card apart from others.

In this post, we’ll touch on:

  • How to earn and track cash back rewards with your Citi® Double Cash Card – 18 month BT offer
  • Navigating through Citi’s online portal to access cash back rewards
  • How to redeem cash back rewards

How to Access Cash Back with Citi

To access your cash back rewards with your Citi® Double Cash Card – 18 month BT offer, you’ll need to log in to your account by visiting Citi.com/credit-cards. You’ll see a screen similar to the one below. Then, you can log in with your credentials.

screen shot of Citi homepage

Next, you’ll see the main dashboard and all your card information. You’ll also see your cash back balance off to the right.

I have two Citi credit cards so I scrolled down to show my Citi® Double Cash Card – 18 month BT offer along with where you can expect to see your cash back amount.

screen shot of Citi account dashboard

How to Redeem Cash Back

If you have a cash back balance that you’d like to redeem, you’ll want to click on the button that says “View/Redeem Cash Rewards.”

Once you click that button, you’ll be taken to a page that shows you an entire summary of your cash back earnings per billing statement.

Your cash back earnings will be split up between cash back earned from purchases and cash back earned from payments.

I just signed up for the Citi® Double Cash Card – 18 month BT offer and have yet to make my first purchase so my cash back amount is currently $0, but when you have a balance, you’ll click the green button that says “Redeem” to move forward with redemption options.

Screen shot Citi redeem cash back

Next, you’ll be taken to a page with different redemption prompts to choose from. You need a balance of at least $25 in cash back before you can successful redeem your earnings.

Citi cash back buttons

As you can see, there are four different ways to redeem cash back with your Citi® Double Cash Card – 18 month BT offer, and here is an explanation of each of them.

Gift Card

If you choose to redeem your cash back for a gift card, you must click the gift card option, then you’ll be directed to Citi’s gift card marketplace where you can choose from retail, restaurant, entertainment, and electronic gift cards.

Screen shot of Citi gift card redemption

Gift cards are worth $25, $50, and $100, and once you select one, Citi will mail it to you.

Statement Credit

You can also opt to use your cash back earnings as a statement credit to lower the current balance you owe on your Citi® Double Cash Card – 18 month BT offer. Your statement credit will post to your account within 2-3 business days and will appear on your next statement after it is posted.

It’s also important to realize that Citi does not count a statement credit as a payment even though it will reduce your current balance. You must still make at least your minimum monthly payment by the due date if you want to avoid getting charged a late fee.

Direct Deposit

You can redeem cash back by transferring it directly to your bank account whether it’s a Citi account or not. In order to use this redemption option, you must have either linked your Citi checking or savings account OR have paid a Citi credit card bill at least two times from a non-Citi checking account.

Once you’ve done either of these things, all you need to do is enter in the amount you wish to deposit along with your account information when you redeem cash back via this option. The direct deposit will post to your account within 1-2 business days in most cases.

Check

The final option you have to redeem your cash back is to do so by paper check. Just make sure Citi has the correct address on file for you, then allow 7-10 business days for the check to arrive in the mail.

Final Word

The Citi® Double Cash Card – 18 month BT offer has one of the easiest online cash back redemption processes, along with plenty of options to accommodate your preferences.

Keep in mind that payments based on balance transfers, interest, fees, and cash advances won’t earn 1%, but you will earn cash back on all other purchases plus additional cash back when you make at least your minimum monthly payment on time.

The Citi® Double Cash Card – 18 month BT offer is unique in that it rewards you for paying your monthly credit card bill on time, which is a good habit to adopt.

While there is a minimum cash back balance required in order to redeem your rewards, you can track your progress regularly by logging into Citi’s online portal.

 

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Chonce Maddox
Chonce Maddox |

Chonce Maddox is a writer at MagnifyMoney. You can email Chonce at [email protected]

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