3 Things You Need to Know About Credit Card Reward Points

Do you think you know everything there is to know about credit card reward points?

Even if you have good knowledge of how these points work, here’s something to remember: every program is different.

Here are three things you should always keep in mind:

1. Credit Card Reward Points can Expire

Depending on your rewards program, there’s a possibility that the points you earn today could expire at some point in the future. You need to double check on this with your credit card provider, as the last thing you want is to lose points because you forgot to redeem them.

The best rewards programs don’t have an expiration schedule, but some do. Don’t get caught off guard.

2. You can Earn Multiple Points

Are you under the impression that you only earn one point for every dollar you spend? While this may be the most typical setup, don’t be surprised if you find that you’re able to earn more than one point per dollar for specific categories.

Is there anything better than the thought of earning three points for every dollar spent on groceries and gas? This is a great way to boost your point total.

3. Blackout Dates on Travel

Don’t let anyone tell you this is a thing of the past. Some travel rewards programs still have blackout dates on travel, which can be extremely frustrating.

This is something you absolutely need to check on before choosing a credit card, as you don’t want this to sneak up on you when you least expect it.

So, there you have it. These are three things you need to know about credit card reward points. If you have any questions about your program, reach out to the appropriate department to clear the air.

What are your thoughts on credit card rewards? Do you enjoy everything your program has to offer? Is there anything you would change? Share your thoughts in the comment section below.