Citi custom cash card - Revision history

Editor at 22:08, 5 July 2021

2021-07-05T22:08:41Z

Editor at 17:18, 15 June 2021

2021-06-15T17:18:13Z

Editor: /* Getting Rid of the Card */

2021-06-10T23:18:09Z

‎Getting Rid of the Card

Editor: /* Notable Benefits */

2021-06-10T23:17:47Z

‎Notable Benefits

Editor: /* Collecting the signup bonus */

2021-06-10T23:16:38Z

‎Collecting the signup bonus

Editor: /* Bonus category rewards */

2021-06-10T23:16:26Z

‎Bonus category rewards

Editor: /* Bonus category rewards */

2021-06-10T23:10:44Z

‎Bonus category rewards

Editor: /* Using your ThankYou points */

2021-06-10T23:10:23Z

‎Using your ThankYou points

Editor: /* Using the Card for your Everyday Spending */

2021-06-10T23:10:07Z

‎Using the Card for your Everyday Spending

Editor: /* Using your ThankYou points */

2021-06-10T22:51:39Z

‎Using your ThankYou points

@@ Line 54: / Line 54: @@
 <li>'''Normally, ThankYou points from the Custom Cash Card can only be redeemed for 1 cent each'''.</li>
-<li>'''However, if you also have a Citi Prestige or Premier Card, you will then be able to transfer these points to one of more than a dozen different frequent flyer programs to use for award tickets'''. In many cases, using your points for frequent flyer tickets will provide more value than the normal rate of 1 cent per point. With particularly good redemptions, you can get values of 2, 3, or even 4 cents per point.</li>
+<li>'''However, if you also have a Citi Premier Card (or discontinued Prestige Card), you will then be able to transfer these points to one of more than a dozen different frequent flyer programs to use for award tickets'''. In many cases, using your points for frequent flyer tickets will provide more value than the normal rate of 1 cent per point. With particularly good redemptions, you can get values of 2, 3, or even 4 cents per point.</li>
 For example, you can convert $250 of rewards into 25,000 Air France miles to purchase Delta tickets, into 25,000 Cathay Pacific miles to purchase American Airlines tickets, or into 25,000 Singapore Airlines miles to purchase United tickets. As an extreme example, $250 worth of Double Cash points can be converted into 25,000 Turkish Airlines miles, which can then be used for a round-trip United ticket to Hawaii in first class.
-The Citi Prestige and Premier Cards let you earn bonus ThankYou reward cards on restaurants, travel, and other categories, and frequently offer large signup bonuses to quickly boost the number of points in your account.
+The Citi Premier (and Prestige) Card lets you earn bonus ThankYou reward cards on restaurants, travel, and other categories, and frequently offer large signup bonuses to quickly boost the number of points in your account.
 <li>'''If you have a Citi Rewards+ card, you will receive a 10% rebate on the first 100,000 ThankYou points you redeem each year''', giving you a boost to the value of your points regardless of whether you convert your ThankYou points to frequent flyer miles or just cash them out.</li>
-<li>'''If you don't have a Citi Prestige or Premier, you can still use your ThankYou points to purchase JetBlue tickets''', often giving you a little extra value for most JetBlue flights. Otherwise, there isn't much reason to convert your points to ThankYou points. You might as well redeem them directly.</li>
+<li>'''If you don't have Citi Premier or Prestige Card, you can still use your ThankYou points to purchase JetBlue tickets''', often giving you a little extra value for most JetBlue flights. Otherwise, there isn't much reason to convert your points to ThankYou points. You might as well redeem them directly.</li>
 </ul>
@@ Line 70: / Line 70: @@
 <li>'''The reason to get this card is for the bonus category rewards—the signup bonus is just a nice side benefit'''. The bonus is described as $200, but is really 20,000 ThankYou points. If you have the Premier or Prestige Card, you can turn them into 20,000 frequent flyer miles.</li>
-<li>'''While the card earns ThankYou points it doesn't interfere with your ability to earn the signup bonus on the Premier or Prestige card'''. So you might as well get the card directly, rather than through a product change.</li>
+<li>'''While the card earns ThankYou points it doesn't interfere with your ability to earn the signup bonus on the Premier Card'''. So you might as well get the card directly, rather than through a product change.</li>
 <li>'''You should be able to earn the signup bonus multiple times'''. However, we suspect you can only earn the signup bonus once every 24 months.</li>

@@ Line 16: / Line 16: @@
 |FTF=3
 |Credit=
-|CurrentOffer=
+|CurrentOffer=A $300 offer is available in-branch.
 |CurrentOfferCustom=
 |CurrentSpend=

@@ Line 97: / Line 97: @@
 === Getting Rid of the Card ===
-{{Cancel Cashout}} If you have a card that earns ThankYou points, you could convert your DoubleCash points into ThankYou points instead.
+{{Cancel Cashout}}
 {{/Main|card}}
 {{/Page|card}}

@@ Line 93: / Line 93: @@
 === Notable Benefits ===
-If your Double Cash card isn't the World Elite version, you can call Citibank and they will probably upgrade it.
+None.
 === Getting Rid of the Card ===

@@ Line 74: / Line 74: @@
 <li>'''You should be able to earn the signup bonus multiple times'''. However, we suspect you can only earn the signup bonus once every 24 months.</li>
 </ul>
 === Bonus category rewards ===

@@ Line 70: / Line 70: @@
 <ul class="bulletlist">
-<li>'''It earns 5x points on a single category each billing cycle. You don't need to choose a category'''. The category is automatically set to whichever category you spent the most money in during that statement period. Eligible categories are: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.</li>
+<li>'''The Custom Cash Card earns 5x points on a single category each billing cycle. You don't need to choose a category'''. The category is automatically set to whichever category you spent the most money in during that statement period. Eligible categories are: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.</li>
 <li>'''Bonus rewards are capped to the first $500 of spending in that category'''. You can earn up to 2,500 ThankYou points per month on bonus category spending (or 1,500 more points than you'd earn from putting the spending on the Double Cash Card). That works out to 30,000 maximum bonus points per year (or 18,000 more than you would earn with the Double Cash Card).</li>

← Older revision		Revision as of 23:10, 10 June 2021
Line 65:		Line 65:
	</ul>		</ul>

−	~~<li>List Item</li>~~
	=== Bonus category rewards ===		=== Bonus category rewards ===

@@ Line 65: / Line 65: @@
 </ul>
-=== Using the Card for your Everyday Spending ===
+<li>List Item</li>
 <ul class="bulletlist">
-<li>'''2% back is the best you can get from a no-annual-fee cashback card that doesn't have any restrictions or caveats'''. All the credit cards that earn higher reward rates either have annual fees or only work for specific subsets of travelers.</li>
+<li>'''It earns 5x points on a single category each billing cycle. You don't need to choose a category'''. The category is automatically set to whichever category you spent the most money in during that statement period. Eligible categories are: Restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.</li>
-<li>'''If you are primarily interested in cashback, the Double Cash isn't our favorite no-annual-fee option.'''. We usually recommend the State Department or PayPal Card because they don't charge foreign transaction fees and offer at least some purchase protections. {{Link|purchase protections}}.</li>
+<li>'''Bonus rewards are capped to the first $500 of spending in that category'''. You can earn up to 2,500 ThankYou points per month on bonus category spending (or 1,500 more points than you'd earn from putting the spending on the Double Cash Card). That works out to 30,000 maximum bonus points per year (or 18,000 more than you would earn with the Double Cash Card).</li>
-<li>'''However, you have the option of converting your Double Cash points into ThankYou points and increasing their value by using them for frequent flyer tickets'''. If you have a Citi Prestige or Citi Premier Card, you can transfer your ThankYou points to more than two dozen frequent flyer programs and book award tickets on almost 100 airlines. When you do, you will often have the ability to get more than 1 cent in value per point. If you are comfortable with using your points for frequent flyer tickets, the Amex Blue Business Plus Card is only other credit card that earns 2x points that can be converted to frequent flyer miles—but it's a business card.
+<li>'''Ideally, you would only ever use the card for a single category during any given month'''. Any spending in other categories (or any spending over $500 in the top category) only earns 1x points, which is less than you'd earn with your general-purpose reward card. For example, if you decide to use the card for groceries during a given statement period, don't put any travel or gas spending on it during that time.</li>
-<li>'''If you wind up having difficulty using your points for frequent flyer tickets, you can always keep them as Double Cash points and cash them out'''. This provides more flexibility than earning Membership Rewards points.</li>
+<li>'''One way to use the card is to earn points on a less common category'''. For example, very few cards provide bonus rewards for your gym membership. You could simply use the card to pay your gym membership each month, earn bonus points on the payments, and live with the limitation that you probably aren't spending $500 per month. Even better, you could choose a few months to use the card to prepay your gym membership for the year, and spend in different categories, like drugstores or home improvement, in other months.</li>
-<li>'''The Double Cash Combination is comparable to the Chase Ultimate Rewards Combination'''. Both options provide the upside of using your points for high-value award redemptions while also giving you good ways to simply cash out your points. The Chase combo provides better options for easily using your points. The Double Cash combo provides more frequent flyer miles per dollar. {{Link|General Purpose}}.</li>
+<li>'''Another way to use the card is boost your point earning in common categories'''. For example, if you normally earn 3x ThankYou points on restaurants or groceries with the Citi Premier card, you could use the Custom Cash card for the first $500 in spending to earn an extra 2x points. Remember that you can choose a different strategy each billing period.</li>
 </ul>