How to redeem credit card reward points

Maximise your credit card benefits by redeeming your credit card reward points.
How to redeem credit card reward points
3 min read
20 July 2023

Credit card reward points are a hidden treasure that many cardholders overlook. These points can be accumulated through regular credit card usage and can be redeemed for a variety of valuable rewards. But the process of redeeming credit card reward points can be a little confusing.

Types of redemption options

Credit card reward points can usually be redeemed in various ways, depending on the credit card issuer. Here are some common redemption options:

1. Travel rewards: Many credit card reward programs allow you to redeem your points for travel-related benefits. These can include airline miles, hotel stays, car rentals, and vacation packages. Some credit cards issuers have a redemption portal that others offer the flexibility to use the points for flight booking, hotel booking, and more.

2. Merchandise and shopping: Many credit card reward programs have an extensive catalogue of merchandise available for redemption. From electronics and gadgets to home appliances and fashion accessories, you can use your reward points to shop for items you desire. Some credit cards may even offer exclusive deals and discounts on merchandise redemption. When you shop online using the Bajaj Finserv RBL Bank Binge SuperCard, you can get 12 reward points for every Rs. 100 spent using this card. These reward points can be redeemed on RBL redemption portal for shopping.

3. Entertainment benefits: Several credit card reward programs offer the opportunity to redeem points for unique experiences or entertainment. This can include concert tickets, sports events, theatre performances, spa packages, or more. Bajaj Finserv RBL Bank Binge SuperCard offers you 1+1 movie ticket every month when you book your tickets on BookMyShow using the card.

4. Cashback offers: If your credit card issuer has strong partnerships with retailer stores and online shopping sites, you can even earn upfront cash backs. This allows you to offset your credit card bill or receive a direct cash reward deposited into your bank account. All co-branded cards  from Bajaj Finserv offer a perk of cash backs. All you have to do is, shop at XYZ partner stores like Croma, Reliance Digital, Vijay Sales, Amazon, Flipkart etc. using your Bajaj Finserv co-branded cards to enjoy cash back offers.

5. Gift cards and vouchers: Credit card reward points can also be redeemed for gift cards or vouchers from a wide range of retailers, restaurants, online platforms, or even movie theatres. Gift cards offer flexibility, allowing you to choose rewards that side with your preferences and lifestyle.

Tips to effectively redeem your reward points:

1. Time your redemption: Some credit card reward programs offer limited-time promotions or exclusive deals on certain redemption options. Keep an eye on these offers and consider timing your redemptions to take advantage of higher value or discounts.

2. Combine points and pay: If you do not have enough reward points to cover the full cost of your desired redemption, some credit card programs allow you to combine points with a cash payment. This way, you can still enjoy the benefits of your reward points while reducing out-of-pocket expenses.

3. Avoid hoarding points: While it can be tempting to accumulate reward points over an extended period, it is important to strike a balance. Some credit card reward points have expiration dates or may lose value over time. It is wise to regularly review your reward point balance and consider redeeming them for valuable rewards rather than hoarding them indefinitely.

4. Utilise bonus categories: Various credit cards offer bonus rewards or accelerated earning rates in specific spending categories such as dining, groceries, or travel. Take advantage of these bonus categories to accumulate reward points faster and maximise your redemption potential.

Whether it is travel rewards, cashback, gift cards, merchandise, or experiences, redeeming your credit card reward points allows you to unlock savings in the long run.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

How do you redeem credit card reward points?

The Bajaj Finserv RBL Bank Credit Card holders can visit the rewards section on the RBL website to redeem their points. The rewards section lets you book flight tickets, hotels, shop for products amongst many other options.

Is it good to redeem credit card points?

Yes, you must redeem your points once you have accumulated enough points for a purchase or a booking. You can even combine your points if you have an option. But some credit card reward points have expiration dates so you should keep an eye on the expiration date.