The 5 Worst Ways to Redeem Travel Credit Card Rewards - Expert Insights
Tuesday, 7 May 2024, 23:00
Common Mistakes When Redeeming Travel Credit Card Rewards:
- Paying with points when shopping online: Points are typically worth less when used at checkout with online merchants, like Amazon or PayPal. Avoid this to retain the full value of your rewards.
- Getting cash back: Converting points to cash back usually results in a lower value. Consider using cash back credit cards instead of travel cards.
- Buying merchandise or gift cards: Redeeming points for merchandise or gift cards may offer little value compared to other options.
- Transfers to a travel partner before knowing what you want to book: While transfers can be valuable, make sure to have a clear plan before transferring your points.
- Hoarding points: Unused travel rewards have no value unless used for travel. Avoid the common mistake of hoarding points without utilizing them.
The most important rule:
Use your travel rewards for traveling: Maximize the value of your rewards by utilizing them for travel redemptions, such as booking through the card issuer's portal or transferring them to travel partners.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.