A naukri.com initiative
Bloomberg Quint
1M
226
Image Credit: Bloomberg Quint
Credit Cards: Eight Best Ways To Redeem Reward Points
- Credit card reward points can be valuable if utilized effectively, offering various benefits to customers.
- Ways to maximize credit card rewards include booking flights and hotel stays using accumulated points.
- Shopping at partner merchants, converting points to air miles for frequent flyers, and exchanging for gift vouchers are recommended strategies.
- Redeeming points at fuel stations, buying gadgets or appliances, and utilizing instant vouchers across categories are other viable options.
- Cashback redemption is suggested for those seeking monetary savings rather than specific purchases or travels.
- To prevent points from expiring, it is advised to monitor point balances regularly and choose redemptions aligning with individual spending habits.
- Credit card users should explore various redemption options to make the most of their reward points.
- Premium and co-branded cards usually offer higher reward points on specific categories like travel, dining, fuel, or shopping on partner platforms.
- Credit card reward points can be used as currency at checkout with partner merchants or converted into digital vouchers for online shopping.
- Converting points to air miles can lead to long-term benefits like business-class upgrades or free international tickets for frequent travelers.
- Gift vouchers offer flexibility and can be used for self-shopping or as presents for others, with most providers offering e-vouchers from popular brands.
- Some cards co-branded with fuel companies allow direct redemption at fuel stations, reducing monthly petrol or diesel expenses for commuters.
- Banks often provide catalogues for redeemable items like gadgets, appliances, and more, suitable for festive season purchases or special occasions.
- Instant redemption features through mobile apps or online portals allow quick point conversions for dining, movie tickets, grooming, and more.
- It is essential to redeem points before their expiry date by tracking balances regularly on the card issuer's portal to maintain their value.
Read Full Article
13 Likes
For uninterrupted reading, download the app