Want to give your loved ones gifts they’ll appreciate this year without paying cash? Why not put those credit card rewards to use!
Holiday shoppers this year will spend $804.42 on average in 2014, up from $767 last year, according to the National Retail Federation. If you are looking for a way to reduce your holiday bills while taking advantage of all of those rewards you have saved up, this guide will help you maximize your rewards and help you get gifts for everyone on your list.
So, what kind of gifts can you get with your card rewards? Here are some of our favorites.
Important Note: If you are looking to get the most value out of your points, we highly recommend redeeming them for gift cards. With gift cards, you are usually able to redeem your points and get an additional 5 – 20% bonus.
Also, while you’re doing your shopping this holiday season, don’t forget to check for special cash-back opportunities with your credit card and be sure to shop online through your card’s rewards portal, if available. If you shop through Discover’s shopping portal this month you can get up to 25% bonus cash back (5% cash back for shopping online as part of the rotating rewards categories and up to a 20% bonus with ShopDiscover!).