Credit Card Rewards – Point Reward System

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Credit Card Rewards – Point Reward System

Credit Card Rewards – Point Reward System


Updated: December 26, 2012

Credit card reward system is a boon to people who use credit card for their daily expenditure. One reward system that can be of particular benefit is the point reward system. In this reward system, you get certain points for every dollar you spend using your card. Many credit card companies have used this as a way to lure more customers into using their credit card. But if used wisely, these cards can be a great benefit for us too. Understanding how this point system works is very important, to make the most of it. Every time you swipe your card and spend some money, you are going to be awarded with certain points on your card. The number of points for every dollar entirely depends on your credit card union. These points can be redeemed in attractive and useful ways. Online shopping Many of these credit card companies have certain shopping sites devoted completely to them. They have special offers and discounts only for the customers of that credit card company. Check if your card has an option like that. Almost all times, these sites have some very good and worthy deals and offer pretty good discounts too. If you have accumulated around 250 points for example, you can shop for products worth $250, and check out by giving your account ID. There are other online shopping deals too, with vendors affiliated to your bank. So just see when you can get a really profitable deal and make use of your reward points. Cash redemption You can also opt for cash back for the total worth of points you have accumulated. Usually, the credit card company will issue a check in your name and you can either use it to pay off your bills or deposit into your bank account. If there are no good deals online and you cannot see much profit in spending, you can opt for this option. Food coupons Many credit card companies have affiliation with eating outlets, where the customers can redeem their reward points for food coupons. Find out about such an offer from your credit card company before you sign up. This option works great for people who eat out every day, or even enjoy weekend outings to restaurants. Though these redemption options seem very attractive, exercising caution is equally important. Mostly, all credit card companies take advantage in the added conditions section because most of us will not read all the tiny details of the clauses in there. You reward points will have an expiration date. If you cannot redeem it in one of the above ways, it is going to go for a waste. Most credit cards have an upper limit set for the amount of points you can accumulate within one billing cycle. If you use your card regularly, and reach that upper limit soon, all your purchases after that may not be rewarded. Also, certain credit cards require minimum amount of spending for the reward points to mature. Until then it cannot be redeemed. This particular condition can affect you if you don't use your credit card that often. So consider all these factors and weigh your options before making a choice and reaping rewards.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Top 5 Cards for Travel from Our Partners Winter 2017/18 – Expert Choice

Posted: December 8, 2017

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: December 1, 2017

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Credit Card Tips For Holiday Shopping 2017

Credit Card Tips For Holiday Shopping 2017

Posted: November 27, 2017

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading