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How to redeem credit card reward points for shopping online

redeem credit card reward points

Credit card reward points are rewards or perks offered by banks to a credit card customer every time he or she spends on their credit card. These points add up automatically every time a transaction is made. Once you have collected a certain number of points, you can redeem them for several benefits which could be gift vouchers, merchandise, air miles or discounts on purchases. Credit card reward points are thus an incentive to credit card users to use their credit card more frequently for different transactions and get rewarded for it.

There are some ways to redeem credit card reward points:

1. Redeem your credit card reward point by Cash back 

The option when it comes to redemption of reward points is cash back. Instead of receiving points for a purchase, the customer will receive a certain part of their purchase amount back as cash back.

2. Redeem your credit card reward point by Donations 

Certain banks also allow card holders to donate their reward points. Customers can choose to donate to a charity of their choice. The reward points will be converted into cash and then donated to the charity chosen by the card holder.

3. Redeem your credit card reward point by Gift Cards

Buying gift cards is an ideal way to use your credit card rewards. Gift cards give recipients value and flexibility. And many credit card companies partner with retail stores to give you an extra perk when you redeem your points for a gift card.

4. Redeem your credit card reward point by Air Miles

Air Miles are an ideal option for individuals who are passionate about travelling. If you redeem your accumulated card rewards for travel, you can get hundreds of dollars in savings on airfare and hotel rooms.

5. Redeem your credit card reward point by Online Shopping

If you’re looking for a discount on your next online shopping spree or even looking for some cash back, your credit card rewards points can provide both.

6. Redeem your credit card reward point by Vouchers

Various credit cards offer vouchers as one way to redeem reward points. These vouchers can be redeemed at a number of stores which the bank may be associated with. Sometimes, banks also allow customers to avail these vouchers for online purchases with select online retailers.

7. Redeem your credit card reward point by narrow spending 

It is easy to forget the value of money when rewards come into play. The more credit cards you use, the fewer the rewards accumulating per card.

8. Redeem your credit card reward point by bonus offers

If you make a point for each dollar spent, you may be missing on some rewards. Card issuers roll out bonus offers all the time, so it is important to keep an eye out.