How to Redeem Credit Card Reward Points?

By OneCard   |   June 14, 2023

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Credit card reward points have gained tremendous fandom among customers who use credit cards. The points and rewards can be redeemed for various incentives such as travel discounts, merchandise, gift cards, cashbacks, and so much more.

However, many people don’t know how to redeem their credit card reward points effectively. Redeeming credit card reward points can be complex, so understanding how to maximise their worth is essential. In this post, we'll look at how to strategically redeem and use your points to get the most out of them. It will help you optimise your credit card reward points whether you are an expert point collector or just starting!

What Are Credit Card Reward Points?

Credit card reward points are a part of loyalty programs encouraging customers to use their cards more regularly. Credit card companies provide a specific number of points for every rupee spent on purchases as part of their credit card offer.

These reward points can be exchanged for cashbacks, products, travel vouchers, and gift cards. In addition, many credit card companies will also give you bonus points for signing up, exceeding a minimum spending limit, or referring a friend. Depending on the card provider, you may have many redemption options. To understand the redemption procedure and related costs, make sure you go through the terms and conditions.

Consider the redemption options that offer the best value for your points. For example, redeeming points for travel rewards can yield a better redemption rate than cashbacks or product incentives. Furthermore, some card issuers provide special discounts when you redeem your points for specific purchases or when you redeem via online shopping portals.

How to Claim Credit Card Reward Points

Credit card rewards points are a fantastic way to gain perks for using your card. If you've earned many credit card reward points, it's time to cash in on them. Here's how to use to redeem credit card points:

Redeem Credit Card Points Online:

Internet Banking: Follow the below steps to redeem credit card reward points through an internet banking facility.

  • Access your Internet banking account
  • Select the section for credit card "Rewards Points"
  • Choose how many points you want to redeem
  • Select the desired reward option. There are many types to choose from. It can be cash credit, merchandise, or vouchers
  • Confirm the reward you choose

Mobile App: Follow the below steps to claim credit card reward points through a mobile app.

  • Download and launch your mobile banking app.
  • Navigate to the section for credit card rewards points.
  • Select the points to be redeemed.
  • Choose your prize.
  • Follow the instructions to claim your reward.

Redeem Credit Card Points Offline:

Customer Service: You may redeem your credit card rewards points offline by calling your credit card company's customer service department. They will guide you through the process on the phone and help you redeem your points.

Post: Redeem your reward points by writing to your credit card issuer's customer care department. Include your credit card information, the number of points you want to redeem, and your preferred reward option in the post.

Partner-store: Some credit card companies have formed partnerships with various retailers and petrol pumps where you can redeem your credit card rewards points. Check your credit card’s website to find out which partner retailers are accessible and how to redeem your points at these places.

How to Use Credit Card Reward Points: A Guide to Maximising Your Rewards

Credit card rewards points can help you reach your goals, whether you want to save on vacation expenses, offset costs, or enjoy entertainment and goods purchases. Here are some useful insights for redeeming and using credit card reward points.

Keep Track of Your Points Balance

Maintain and check your reward point balance frequently to avoid missing out on any bonuses. In addition, check your points balance and expiration dates regularly to prevent losing any awards.

Use Your Points To Get Statement Credits Or Cashback

Redeeming credit card reward points for bill credits or cashback is one of the simplest ways to put them to use. This might assist you in minimising your cash outflow.

Book Travel Using Your Points

Use your credit card rewards points to book flights or hotels and save money on vacation. This can help increase your trip budget and improve your overall travel experience.

Exchange Your Points For Gift Cards Or Merchandise

Another option is to convert your credit card reward points to gift cards or products. This can be used to offset expenditures or to purchase presents for others.

Save Your Points For More Expensive Purchases or Experiences

Consider saving your credit card rewards points for a large purchase or a dream vacation. You can use your points to cover the cost of the purchase or event, reducing your out-of-pocket expenditures.

Additional Read:- How to Maximize Your Credit Card Rewards


Credit card rewards points can be an excellent means to gain perks for everyday purchases. You can maximise your benefits and save money on travel, products, or get cashbacks, if you know how to use credit card points. Remember that each rewards program is different, so read the fine print. You can transform your rewards credit cards into an effective tool for financial benefit with the appropriate technique and a little work. Happy redemption to you!

FAQs on Credit Card Reward Points

How do I convert my credit card points to cash?

Most credit card companies allow you to convert your reward points into cash credits. This is usually accomplished by using your mobile app or calling the customer support.

Can I transfer the reward points from one credit card to another?

Most credit card companies do not allow you to transfer reward points from one to another. Some credit card companies, however, may allow you to transfer points to another account within the same rewards program if a family member or authorised user holds the other account.

Are there any charges applicable for the redemption of reward points?

Some credit card companies charge a nominal fee for redeeming reward points. However, some may have a minimum number of points that must be redeemed at once. In addition, some have restrictions on how frequently you can redeem points.

What are the various options to utilise your reward points?

Travel bookings, item purchases, gift cards, and charitable donations are the various ways to put your reward points to use. Some credit card companies also provide unique experiences, such as concert tickets or VIP access to events, that can be redeemed using reward points.

Do reward points expire?

Yes, most reward points have an expiration date. However, validity may differ based on the credit card company and the type of rewards program. Therefore, keeping track of your points and their expiry date is crucial, as unused points will be forfeited beyond that period.

**Disclaimer: The information provided in this webpage does not, and is not intended to, constitute any kind of advice; instead, all the information available here is for general informational purposes only. FPL Technologies Private Limited and the author shall not be responsible for any direct/indirect/damages/loss incurred by the reader for making any decision based on the contents and information. Please consult your advisor before making any decision.