THIS PAGE MAY CONTAIN AFFILIATE LINKS. MEANING WE RECEIVE COMMISSIONS FOR PURCHASES MADE THROUGH THOSE LINKS, AT NO COST TO YOU. PLEASE READ OUR DISCLOSURE FOR MORE INFO.
Credit Shout may collect a share of sales or other compensation from the links on this page.
Q: I finally have a credit score above 700, and am planning on getting my first rewards credit card. I am wondering how can I use the rewards points I earn?
A: Your credit card company will most likely have sent you all the information you need about earning and using your reward points when you opened your credit card account. However, if you have misplaced the information, or just simply want another copy, you can usually request one from the Customer Service Department.
Thanks to the internet, tracking and redeeming your rewards points are easier than ever.
Depending on the type of credit card you have, and the credit card company’s terms and conditions for using reward points, you can redeem them for anything from merchandise in stores to discounts or gift cards that can be used in restaurants.
You can even build enough rewards points to earn travel or airline miles. These points can be used to purchase airline tickets or receive discounts on hotel rates or even vacation packages.
Personally, I love cash back rewards cards. Usually, these are the easiest rewards to redeem. Just log on to your account, and have the points credited towards your next statement.
With the press of a button, you just lowered your bill and redeemed your points.
Generalizations aside, in order to redeem your reward points, you simply have to follow the instructions provided by the credit card company.
In most instances, you will be able to handle everything on your browser or the app on your phone.
In some instances, you may call a Reward Redemption Center, where a customer service representative will help you redeem your points, apply them toward travel or airline miles, or do whatever you wish with your reward points. They will also help you keep track of how many reward points you have earned and spent.