When managed well, a credit card offers immense financial flexibility. Whether purchasing goods and services on credit or paying for everyday expenses like utility bills and tickets or funding larger expenses like home loan EMIs or a home theatre system, you can make every transaction easy with a credit card.
Moreover, credit cards also have reward programmes, where you earn points on every transaction. Once you accumulate these points, you can redeem them to save on future spending. Here’s how you can consume your credit card reward points.
How to use 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 per the number of points you have to redeem.
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Cash
Some financial institutions also allow you to convert the reward points into cash, which is then 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 flight tickets, upgrade your seat or avail of discounts. Typically, travel credit cards offer air miles instead of reward points
Donations
If your issuer permits, you can use your reward points for a greater cause by donating them to charity. In this method, your 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 a welcome gift with easy redemption, apply for a Bajaj Finserv RBL Bank SuperCard. You can also get access to bonus reward points when you cross your spending milestones. 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 emergency loan at a nominal interest rate of 1.16% and 50 days interest-free ATM withdrawals too. Additionally, you can also convert purchases of Rs. 2,500 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 offer from Bajaj Finserv now.
Additional read: National Common Mobility Card
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