Best Citi Product Change Options 2018

Citi Bank has unique product change options because unlike other credit issuers, the product change options are all Citi cards. The only rule you have to abide by is that you must stick with personal or business cards. 

For example, you can't go from a personal card to a business card, vice versa.

Citi: Best Downgrade Options

  1. Double Cash
  2. Dividend
  3. Costco

Citi Double Cash

The Citi Double Cash card is a long-term keeper card because it earns 2% on all purchases, and it doesn't have an annual fee. I recommend using this as a catch-all card if you're looking to optimize for cash back only.

The only con is that you'll need to accumulate at least $25 in statement credits before you can cash out.


  • 2% everywhere


  • $25 minimum cash out (i.e., need to spend $1,250 before $25 cash out is possible)

Citi Dividend

The Citi Dividend card is a 5% card that has rotating categories each quarter. Similar to other 5% cards, you'll need to activate the benefit each quarter. 


  • 5% quarterly card
  • $6,000 of spend at 5% = $300 back
  • Can "pick" the quarter you like and over-index
  • i.e., put all $6,000 into Q2 and get 5% back


  • Only possible via product change

Citi Costco

The Citi Costco card is available via product change. The optimal strategy would be to go from a Citi AA or ThankYou card to the Costco card when you stop getting positive expected value. 

Important: Be aware that once you product change to the Citi Costco card, you cannot switch it to anything else after. In addition, if you cancel your Costco membership, you will automatically lose the card and the credit history associated with it. 


  • Better signup bonus via AA/TY cards


  • You can't product change out of Costco
  • Cancel Costco membership? You lose the card /credit history associated with it 

Citi Cards Worth Considering

Here's a list of Citi cards that I think are worthwhile in at least the first year. 

  • Citi AA Platinum cards
  • Citi ThankYou Premier
  • Citi Prestige - only if they reintroduce a welcome offer

Citi ThankYou Premier Credit Card

  • Annual fee: $95, waived the first year
  • Welcome offer: 50,000 ThankYou points after $4,000 in spend within the first three months of account opening
  • Earn 3x on travel, including gas stations
  • 2x on dining/entertainment
  • 1x on everything else

Value of the intro offer:

  • Low = $750 in airfare
  • High = $1,200 via transfer partners
  • Min spend = $4,000

Even if you somehow got 4% back on EVERYTHING...

  • $750 in value = need to spend $18,750
  • $1,200 in value = need to spend $30,000

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses 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.