When should I use Rewards Points?

You can redeem and use your rewards points whenever you like as long as there is no redemption minimum. Although there is no perfect time to use your rewards, we recommend using your rewards points when you have a big purchase coming up. For example, if you have a vacation coming up and you have been accumulating points, then you should use your rewards for that if you can. Your rewards should be used when you can maximize your savings on big purchases. 

Expiration

Many rewards point programs have an expiration, so you need to make sure that you use those points before they expire. You should plan your big purchases before most of your points expire so you can get the most savings from your points. You can also lose your rewards points if you make a late payment, close your account before you use the rewards points, or break the rules of the program. You need to make sure to stay on top of your payments so that you can use your rewards points to save. 

What should I use my Rewards Points on?

Certain cards have specific rewards systems that only allow their points to be used on certain purchases. For example, many hotel cards will allow you to earn points at select hotels and then use those points to get free stays. It is important to recognize that some rewards points can only be used on specific types of purchases. It is important to read the terms and conditions of your program to know where and when your points can be used. 

How can I redeem my points?

There are many ways you can potentially redeem your rewards points. They can be used on select travel purchases such as hotel stays and airline tickets. Some rewards programs also let you redeem gift cards, make charitable donations, get cash back, or get other merchandise with your points. Make sure to check how you can redeem your rewards points so you know where and when they can be used. 

Takeaways

You can use your rewards points whenever you like, but you should keep track of what they can be spent on and when they expire. We recommend that if you have a big purchase coming up and your rewards points are applicable, save them up and use them then. This is to ensure that you are saving the most money with your rewards points.