Saturday, March 19, 2011

Credit Card Points and How They Work

Credit card points, regardless of the specific program or card you are using, can be a confusing subject when not thoroughly researched. The basic process includes either online or over the phone redeeming of the points through your credit card company but most choose to phone in their point requests so that they can discuss all of their options with whomever is handling their request at the time. Learning how and what you can spend your credit card points on is a huge part of this research but luckily for you, here is a guideline to the basic rewards available for most reward points programs.
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Airline miles are probably the most well known reward for the points collected on your credit card account. In fact, airline miles are the most commonly thought of when someone thinks about rewards programs and related services.
Savings on gas, groceries and other small purchases are quite the bonus to many people turning in their credit card points, especially when considering the always rising cost of fuel and food in our current economy.
Travel accommodations including discounted lodging at even the highest rated hotels and clubs in the world. Many of those seeking rewards have come to love the discounts involved with travel as most credit charges are related to traveling costs.
Cash rebates are one of any credit card users favorite rewards for cashing in their credit card points and more cardholders everyday are setting their sights on cash rebates over most other rewards available to them.
Event admission and entertainment perks are more often involved in rewards programs than one might think. Sometimes, certain cardholders of specific cards or card types are allowed premiere, exclusive or backstage clearance that non-cardholders are not allowed to experience, which puts you in a position of exclusivity: extra bonus!
Various other rewards are always readily available but the only way to know is to review your credit agreement or view the card company’s website for further details about what specific rewards they offer for your credit card points.
Additionally, redemption of your credit card points should be done with care and knowledge. There are many foolish rewards that aren’t worth the trade but there are also plenty of ways to strategically turn in your points while yielding the highest value. As always, with a little research and some growing point-spending experience, strategies will come as long as you are trying to figure one out.

Tags: credit card point, credit card points

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