Maximising Rewards: How to prevent expiry of credit card reward points
Reward points are crucial to help you make the maximum use of your credit card spending. Often, cardholders use these reward points for availing discounts on travel, hotel bookings, purchasing apparels, and jewellery, among others.
Credit cards offer a plethora of benefits, from cashback and discounts to travel perks and gift vouchers. However, reward points often come with an expiry date, causing many cardholders to lose out on their rewards. Each credit card issuer has their own policy regarding the expiry of reward points. It is crucial to familiarise yourself with the terms and conditions of your credit card to comprehend the specific rules governing your reward points.
Look for information on the expiry period, whether it is a fixed timeline or if it varies based on card activity. Let’s learn some valuable insights about how to avoid the expiration of credit card reward points, ensuring you make the most of your card benefits.
To prevent your reward points from expiring unnoticed, make it a habit to monitor your credit card statements regularly. Keep track of your accumulated points and their respective expiration dates. This simple practice allows you to stay informed about your rewards and take timely action to utilise or redeem them before they expire.
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Instead of allowing your reward points to accumulate aimlessly, develop a strategic approach to use them effectively. Prioritise rewards that align with your preferences and financial goals. Consider redeeming points for high-value options like travel bookings, cashback, or gift vouchers for essential purchases. By consciously using your reward points for meaningful benefits, you can
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