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One of the best perks of the Citi® Double Cash Card is, well, double cash back. You get 2% cash-back earnings on all purchases — 1% when you buy and another 1% as you pay — which is pretty tough to beat for a no-annual-fee card.
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However, Citi has emailed some cardholders — myself included — that the Double Cash will be converted to a World Elite Mastercard. And there are several advantages that come with that designation. Note, some cardholders already have a Double Cash that is a World Elite.
With this change for many Double Cash cardholders, you should now get access to an array of new extras including a Lyft and Boxed offer as well as cell phone protection.
Additionally, one of the biggest perks is a cell phone protection benefit. You can get up to $1,000 in yearly cell phone protection coverage (up to $800 per claim, two claims per year). To activate this coverage, simply pay your cell phone bill with your World Elite Mastercard.
There is also a complimentary 24/7 concierge service, a Fandango benefit and more.
With the Double Cash, you can convert your cash back to ThankYou points as long as you have a Citi Premier® Card or Citi Prestige® Card. If you go this route, you’ll essentially earn 2 ThankYou points per dollar spent. Based on TPG’s valuation of ThankYou points at 1.7 cents each, this means you can earn a 3.4% return.
The information for the Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
These perks are certainly a welcome addition for those that have a Citi Double Cash card. The benefits should come at no extra cost for current and future cardholders — great news in a world where sometimes the expectation is fewer perks, not more.
Featured photo by John Gribben for The Points Guy.