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How to convert Citi Double Cash® into Thank You points

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Turn Citi Double Cash® cashback into Thank You points

Citi Double Cash® rewards its users with 1% cashback at the time of purchase, and then another 1% when the balance is paid. That’s 2% cashback on every single dollar you purchase, but the greatest perk is the ability to convert that cashback into Citi Thank You points when you concurrently hold a Citi Strata PremierSM or Citi Thank You Prestige.  Let’s walk through how you can convert your Citi Double Cash® into Citi Thank You points and take advantage of Citi’s list of transfer partners.

Why would you want to convert cashback into Thank You points?

While I, personally, don’t value Citi Thank You points as much as Amex or Chase, they have a great list of transfer partners and facilitate aspirational travel experiences through those transfer partners.  Many of their partners are also Chase/Bilt/Amex/Cap1/Marriott partners, which is beneficial from the perspective that you can spread your drawdown across various flexible currencies.

Giving the Citi Double Cash® the ability to convert cashback into Thank You points is Citi’s way of emulating what Chase permits with its Freedom and Freedom Unlimited cards. Both of those Chase cards are technically cashback cards, but when paired with a Chase premium card, the door opens to conversion into Ultimate Rewards. We often talk about blending a portfolio of Chase cards to optimize earn via a Quadfecta or Trifecta ( read more ).

This is using same underlying strategy, but with Citi: any purchase that doesn’t have a category bonus, put on the card that earns the highest cashback rate, then transfer into the flexible currency, Thank You points.

Citi Thank You transfer partners

Here’s a look at Citi Thank You transfer partners

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Step by Step Guide to converting Citi Double Cash® into Thank You points

When you’re logged in, on the home screen, you’ll see the following on the right. Click on View/Redeem Cash Rewards

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That will load the following screen. Click “Convert to Points”

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Then Cash Rewards to Points

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Then you’ll choose how many you want to convert.

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The conversion should be instantaneous; however, when I did it this afternoon for this post there was a lag in the conversion. The points are kept in each account, so you’ll see the total amount for each card.

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Hope this helps!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

*you may find an elevated offer walking into a branch – see below

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
    • Some people have seen Chase branches offering the following:
      • 75k Ultimate Rewards After $4k spend in 3 months + 10k Ultimate Rewards after $6k in 6 months 
  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  • Daboud April 27, 2020

    How do you combine the points in your TY double cash account with the Premier or Prestige account to unlock greater benefits?

    Thank you in advance.

    • Miles April 28, 2020

      If the accounts are showing up together, then you’re operating under a merged Thank You account already, and when you go to transfer the total you should reflected. For instance, try to transfer to one of the partners, you’ll see your total points available to transfer. If you’re not seeing both accounts, then you’ll need to combine so they are reflected in the same TY account. However, when you close an account you can merge the points and the points from the cancelled account have 90 days to expiry

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