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Credit cards are no longer just plastic money that you whip out whenever you make a transaction. Apart from spending, credit cards can now help you save as well. How? Through reward points!

Yes, the introduction of reward points, discounts, coupons, and cashbacks have made using credit cards all the more, well, rewarding. Plus, today, you can seamlessly apply for a credit card online. You can get it delivered to your doorstep and start enjoying these benefits immediately. So whether you’re applying for a credit card for your business or your personal use, you’ll encounter no paperwork, no hassles.

While points are a viable reason to use your credit card, you should know how to make the most of them. To help you out, here’s a crash course in efficiently using your credit card reward points.


Know Where You Can Earn Reward Points

No two credit cards are created equal. Each card comes with its unique reward point system. So, before you apply for an instant credit card online, learn about their offerings and features. 

For example, some banks offer welcome rewards. This can mean they credit your reward points balance as soon as you get your card. Others offer accelerated points when you shop at their partner stores. Further still, some credit cards give you bonus points on certain high-value purchases like jewelry and other luxury items. 

Knowing the features and benefits of your credit card’s reward system will help you decide where to shop to earn more points.

Choose a Suitable Credit Card Variant

The more you use your card, the more points you earn. So choose a credit card variant that suits your lifestyle and one that you will use frequently.

For instance, if you are a traveler, you can choose a travel card. Every time you book an airline ticket or a hotel room using your card, you will earn reward points and frequent flyer miles.

If you are a brand-loyal shopaholic, choose a shopping card affiliated with your favorite store. But what if you are one of those shoppers who prefer to shop online instead? Go for a credit card that gives you exciting rewards for online payments on e-commerce websites and apps.

Use Reward Points Before They Expire

Accumulating points in hopes of redeeming all of them at once can be tricky. While some reward points such as frequent flyer miles are good to go for many years, others come with an expiration date. 

To avoid this, try to redeem your reward points as soon as you can. Always keep an eye on the expiry dates so that you do not miss out on amazing deals.

Read the Terms of Redemption

All of us look forward to redeeming our hard-earned points. But before you set out on cashing in your points, go through the terms and conditions of redemption.

Credit card companies have criteria of minimum points they require for redemption. Even if you are just a few points short, you will not be eligible to redeem them. So, use your card frequently and amass a substantial number of reward points.

Additionally, some credit card providers have a redemption fee. So when you make a payment involving reward points in the form of cashback or discounts, they will charge you a small fee for that transaction.  It’s best to consider these charges while planning your purchase or applying for a new credit card.


Wrapping Up

Now that you know how to make the most of the reward points system, you can start earning them. The next time you are out grocery shopping, paying your utility bills, or placing an order online, see if using your credit card can fetch you rewards.

Finally, remember not to get carried away with reward points. Always use your credit card wisely, avoid buying more than you can afford, and pay your bills in a timely fashion.

Looking for a bespoke credit card that’ll shower you with reward points? Well, IndusInd Bank’s credit cards perfectly fit the bill. Apply for an instant credit card online with them via their online, paperless process today, and get your rewards-heavy card issued to you instantly.