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Credit card points can be good things. They can be redeemed for free airline tickets, restaurant vouchers, gas cards, and even gift cards that you can use in department stores and other retail outlets. Others give you the opportunity to spend at least one free night in participating hotels.
However, some credit card points have restrictions. For instance, you may not be able to use the hotel or airline benefits on certain dates, such as peak travel periods, holidays, or other days.
The amount of time you have to use the points may be restricted, also. Some credit cards specify that the points must be used with a certain time period—say one to two years from the time they were awarded. This can get really complicated.
Let’s say you earn 2500 points, which can get you a gas card. However, 500 of those points were earned in January, 500 in June, 500 in August, and the rest in November. It is possible that the 500 points you used in January will expire the next January, the ones in June the next June, and so on. If that is the case, you really won’t have 2500 points.
Your credit card information will tell you about any restrictions that may affect your points.