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Credit card rewards points are given to you by the credit card company. It’s their way of saying “thank you” for using their credit card.
Each time you make a purchase or otherwise put a charge on the card, you earn so many points depending on the dollar amount that was spent or charged. The amount of rewards points earned can vary; for example, you may earn $1 or 1 reward point for every $2 put on the card, or, if it’s a larger amount, you may earn points equivalent to 1% of the dollar amount.
Some card companies do a 1-for-1 redemption on small amounts. In other words, you earn $1 or 1 reward point for every $1 you spend. Some card companies take this even further, giving you $5 or 5 reward points for every $1 spent, as long as the purchase was made at a specific location, such as a grocery store, drug store, or service station.
Restrictions do apply on earning rewards points, so make sure you read your information carefully. It is usually fairly easy to earn rewards points, however, because, again this is the company’s way of thanking you for choosing them for your credit card needs.