Now that you have the option to convert cashback to ThankYou Points (TYP), the DC has become the most valuable no-annual fee card on the market in my opinion. This card was already a no-brainer for most people when it offered only 2% cashback.
We recommend you apply for this card after you have a credit history of at least one year. Citi values the number of recent hard pulls a lot, we recommend you apply when there’s less than 6 hard pulls in the past 6 months. You can apply for at most 1 Citi cards every 8 days, and at most 2 Citi cards every 65 days, no matter approved or not. #Citi double cash foreign transaction fee how to#
For more information about TYP, see Maximize the Credit Card Points Values (overview), and Introduction to TYP: How to Earn & Introduction to TYP: How to Use (very detailed). In summary, we estimate that TYP are worth about 1.6 cents/point. This feature further boosts the value of TYP. If you have Citi Rewards+, you can get 10% back when redeeming TYP, up to 100k TYP per year. If you have Citi Prestige or Citi Premier or Citi Custom Cash or Citi Double Cash, you can redeem your TYP at a fixed rate 1 cents/point towards cash. Points+cash is available when redeeming for air tickets, so no need to worry if you do not have enough TYP. If you have Citi Prestige, you can redeem your TYP at a fixed rate 1.25 cents/point towards air tickets on. If you use TYP in this way, the value is about 1.6 cents/point. Other good options are: Singapore Airlines (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), etc. The best way to use TYP is to 1:1 transfer them to Asia Miles (Oneworld) or Avianca (AV) miles (Star Alliance). 
If you have Citi Prestige or Citi Premier, TYP can be transferred to some airline miles. But closing account, product change, or receiving points from other people may cause TYP on that account to expire. You can add all these cards into the same account, and points that are about to expire will be redeemed first in the order in which they expire automatically. You can earn TYP with Citi Premier, Citi Rewards+, Citi Custom Cash, Citi Double Cash, etc. It has foreign transaction fee, so it's not a good choice outside the US. Even if you don’t want to spend time to study the redemption of points and miles, you can choose to redeem TYP at a fixed ratio 1.0 cent/point towards cash. We estimate that ThankYou Points (TYP) are worth about 1.6 cents/point, see below for a brief introduction. Although this card is advertised as a cash back card, it actually earns ThankYou Points (TYP). Earn 2x TYP on everything: earn 1x TYP on every purchase you make, and an additional 1x TYP when you pay at least the minimum due. 20k offer: Earn 20,000 ThankYou Points (TYP) after spending $1,500 in the first 6 months.
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