Maximise your credit card usage with never-expiring reward points

financialexpress.com:

Credit cards offer multiple benefits to users. One of the key advantages of shopping through credit cards is getting discounts and multiple offers on the products we buy. We also earn reward points on the purchase. The bigger the purchase, the higher would be the reward points. Some people use their reward points more effectively to save costs. However, reward points often come with an expiry date, causing many cardholders to lose out on their rewards.

Thankfully, some credit card issuers have now introduced never-expiring reward points, revolutionising the way customers perceive and utilise their credit card benefits. As these points don’t expire, you can get away with the fear to use the points within a specific time period. You can collect more rewards and use them collectively for bigger savings. Here are the key benefits of never-expiring reward points.

Traditional credit card reward points often come with expiry dates, typically ranging from one to three years. This means that if you don’t redeem your points within the stipulated time-frame, they simply vanish, leaving you with lost opportunities for rewards. However, with never-expiring reward points, the points you accumulate on your credit cards do not have an expiry date attached to them, providing you with the freedom and flexibility to redeem them at your convenience.

Also Read: Why paying all your bills using a credit card makes sense?

Never-expiring reward points allow cardholders to accumulate points over time without the pressure of a looming expiry date. This is particularly beneficial for those who prefer to save up their points for larger redemptions such as travel bookings, high-value merchandise, or gift vouchers.

Adhil Shetty, CEO, Bankbazaar.com,