Credit cards are fast becoming one of the most preferred methods of availing instant financing in India. Almost every major financial institution including NBFCs offers this financial tool to eligible applicants. Lenders also entice prospective customers with various loyalty programs offered with their credit cards.
One of the most popular loyalty programs offered by different financial institutions is credit card points. Such programs help the cardholder earn a certain number of reward points against the transactions they make using the credit card.
You can accumulate these reward points and redeem them for discounts, gift vouchers, and even cashback from various retailers. It can reduce your expenses in the long run. There are various types of reward points that credit card companies offer their customers. These include –
- Travel points – These Reward Points can be redeemed for discounts on airfare, hotel bookings, complimentary airport lounge accesses, etc.
- Shopping points – These points can be redeemed for discounts, cashback, vouchers, and special coupons while shopping online or offline. It is ideal for frequent shoppers.
Earning credit card reward points
There are several ways how you can speed up your reward point accumulation using your feature-packed credit card. Here are the factors that you should take into consideration
- Choose the most suitable credit card _
- Divide the spending –
- Use it frequently –
- Select a product that offers milestone and welcome packages –
Bajaj Finserv also provides pre-approved offers on credit cards, personal loans, home loans, business loans, and a range of other financial products. These offers not only to simplify the process of availing finances but also helps you save time. You only have to share some essential details online to check your pre-approved offer.
Things to remember about credit card reward points
- Redeem the points before it expires –
- Do not own multiple cards at once –
The above mentioned tips will help you speed up your card’s reward point collection, as well as aid to properly utilize the redeemable points. Follow these guidelines, and you will be able to get the best out of your credit card and its reward points.
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