When managed well, a credit card offers immense financial flexibility. Whether you purchase goods and services on credit, pay for everyday expenses like utility bills and tickets, or fund larger expenses like home loan EMIs or a home theatre system, with a credit card you can make every transaction easy.
Moreover, credit cards also have reward programmes through which you can earn points on every transaction. Once you accumulate these points, you can redeem them to save on future spends. Here’s how.
How to use a credit card reward points?
Depending on your issuer, you will be able to redeem your reward points in one or more ways. The common options are as follows.
Catalogue
Some issuers offer a catalogue of merchandise that you can shop for using your reward points. These include goods and services like gadgets, accessories, footwear, spa and salon services, movie tickets, appliances, etc.
Vouchers
You can also exchange your reward points for vouchers that you can use to shop at various online and offline partner stores. These vouchers are available in different denominations, and you can pick a mix as per the number of points you have to redeem.
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Cash
Some financial institutions also allow you to convert the rewards points into cash, which is added to your credit card account. You can use this to make payments and purchases or even pay an outstanding credit card bill.
Miles
Issuers may also tie-up with travel or airline companies and allow you to convert your reward points into air miles. In turn, you can use these miles to pay for airplane tickets, upgrade your seat or avail discounts. Typically, travel credit cards offer air miles instead of reward points.
Donations
If your issuer permits it, you can use your reward points for a greater cause by donating them to charity. In this method, the reward points are converted into cash and donated to a charity of your choice.
To enjoy handsome reward points of up to 20,000 as welcome gift and easy redemption, apply for a Bajaj Finserv RBL Bank SuperCard. You can get access to bonus reward points when you cross spending milestones too. Thereafter, redeem the reward points earned through your Bajaj Finserv RBL Bank SuperCard by activating your rewards account. To do so, visit the RBL Bank rewards website. If you need additional help, you can call 022 71190900, the credit card customer care number.
The SuperCard is a multipurpose card that makes it one of the best in the country. It offers a 90-day, interest-free emergency loan and 50-day, interest-free ATM withdrawals too. In addition, you can convert purchases of Rs.3,000 or more into easy EMIs. With exclusive deals and discounts available to SuperCard members, you can save up to Rs.55,000 annually with regular use. Apply for a SuperCard right away to unlock substantial savings. To view your customised deal and accelerate the approval process, check your pre-approved offer from Bajaj Finserv first.
Additional Read: National Common Mobility Card
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