Sitting on Credit Card Points for as Long as Possible? You Might Want to Think Twice
Wednesday, 6 March 2024, 12:30
Why Hoarding Credit Card Rewards Can Be Counterproductive
Many people use credit cards for daily expenses, but it's crucial to plan how to redeem rewards for maximum value. Waiting too long can lead to missed opportunities.
Three Reasons to Redeem Your Credit Card Rewards Sooner:
- Credit Card Rewards Programs Change: Redemption options may evolve, potentially reducing the value of your rewards over time.
- Loss of Value: Rewards may lose value due to program changes or unused points while still paying annual fees.
- Risk of Losing Rewards: Accounts can be closed unexpectedly, resulting in the loss of accumulated rewards.
Making timely redemptions can help you maximize the benefits of your hard-earned points and miles.
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.