How to Redeem Credit Card Rewards Points

Credit card companies frequently offer rewards points programs to give consumers an extra incentive to use plastic instead of cash. You can redeem your rewards points toward travel, merchandise, gift certificates, accommodations at selected hotels and more.

Instructions

1. Ask the credit card company to send you a brochure detailing the rewards available as part of its program, or set up online access to your rewards account. Many financial institutions allow consumers the option to redeem points online and track their points accumulations using online account services.

2. Review the terms and conditions of your rewards program to see if there are any restrictions on when you are permitted to redeem your points. It is common for credit card companies to limit the dates during which you can redeem your points for travel, for example. This is because the credit card company and airline have to swallow the fare, and they don't want to lose premium ticket prices during peak travel periods.

3. Read the fine print to see if there are limits on the number of points you can redeem in a single year. You should also know how long points remain valid--some programs require consumers to spend their points within a preset time frame or the points expire. If you have questions about your particular program's policies, you can also contact a customer service representative.

4. Check online often, since credit card companies sometimes carry special monthly offers and limited-time opportunities. You can use these opportunities to get maximum value for your points, especially if you have a lot saved up.

5. Redeem your points over the phone or online by accessing your rewards account. You might also be able to fill out a redemption form and mail in your request, though you'll get faster results using the Internet or your telephone.

Tips & Warnings

• Credit card companies frequently offer special programs in cooperation with prominent retailers to offer extra or double points on certain purchases. You can use these opportunities to earn extra rewards points to redeem a special treat.

• Some rewards programs have restrictions that allow you to redeem points only on specified dates during the year. Others may have fine print that cause you to spend more than the publicized number of points to attain a certain reward. You should always know the details and read the fine print when you participate in a rewards program.