How to use credit card points

 How to use credit card points

The rise of credit cards as the preferred mode of payment has changed the way we make purchases and make payments. The features and benefits provided by a credit card have been the mainstay of its growing popularity. With the help of these payment cards, one can spend now and pay later as per their convenience. This facility has enabled individuals to easily manage their financial requirements without worrying about cash in hand.

Credit card benefits extend up to further reward points. With each transaction, users earn points which they can accumulate on multiple purchases and redeem on their future transactions. This feature is further enhanced by ICICI Bank’s association with Payback – an exciting loyalty reward program to enhance the customer experience.

Ways to use earned reward points
You should not waste your earned reward points as they can save you a lot of extra expenses. There are several ways through which you can utilize all your reward points and save some extra bucks.

online shopping

Almost every bank has a shopping portal that offers a wide variety of products which include electronic gadgets, home goods and more. So, if you have enough reward points in your account then you can use those reward points to buy various products from your respective bank’s online store. Some of the known stores of the banks are RBL Rewards, SBI Rewards, HDFC MyRewardz, ICICI Payback, Axis EdgeRewards and many more.

pay credit card bills
You can also have the option of redeeming Reward Points by paying credit card bills. Usually on an average, 1 reward point is equal to 25 paise but it can vary from bank to bank. Before paying credit card bill through Reward Points, you should check the Reward Points value of the respective Credit Card. Once you know the cash value of the reward point, you can easily clear some portion of your credit card processing bill through it.

Buy vouchers from different brands
E-vouchers of various brands are also available on the official website of banks which can be purchased through Reward Points. You can purchase any of the e-vouchers available on the Bank’s website and use them while making purchases of any product of the respective brand. E-vouchers can help you save some extra bucks while shopping.

Flights and Hotel Booking
There are some banks that offer flight and hotel booking from their official website. HDFC Bank has a SmartBuy application and SBI has a page named Rewardz SBI from where you can book pdf flights and hotels using the reward points earned. These online portals may not allow full booking of flights and hotels through Reward Points, but you can use Reward Points for partial discounts on flights and hotels.

Buy some gift cards with reward points
Various brands of gift cards are available at the online store of each bank’s website. So you can buy gift cards of any brand using reward points and use them while shopping. You can buy any product using gift card and get exclusive discount on it. essay on


Now, you know the best way to use Credit Card Reward Points. You are also familiar with the portals of various banks where you can easily redeem the reward points. So from now on, you should not waste your reward points and try to use them and save some extra bucks. All the above mentioned techniques will surely help you to redeem the reward points earned by spending with credit card.


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