How To Get The Most Out Of Your Travel Reward Credit Card Points

We all know that credit card and loyalty programs are some of the most lucrative ways to score free things, including cash back and even vacations. Figuring out the right way to use the airline miles or travel reward credit card points so you don’t end up wasting them. Yes, you might be confused like most beginners, but our job is to help you out and make the whole process as easy as possible.

1. Get Cash Back

One of the best ways to use your travel reward credit card points or any credit points for that matter is to use them for cash back. This is one of the most transparent and straightforward routes. Most credit cards have a very simple formula which is 1 point = 1 cent conversion.

2. Use Travel Reward Credit Card Points For Travel

Obviously, this is the greatest advantage of travel reward credit card points. You can use the travel reward credit card points towards a reward seat, a discount on your ticket or convert them into your airline mile account. The possibilities are practically endless with this option. This is the sole purpose why travel credit cards are so popular because they help frequent flyer earn airline miles more quickly by doing daily mundane things like shopping and eating out. Using these points are the best way to travel.

Read: This Is How Travelers Can Break Down The Ideal Travel Reward Card

3. Gift Them To Family Or Friends

If you’re not a frequent flyer but have signed up for a travel reward credit card, you have the option of transferring your points to family and friends. This is an excellent alternative to just letting your points expire and waste away. Remember the points in your account actually have value to them. You can make your friends or family extremely happy by gifting them your points because they can use them towards their travels.

4. Sell Your Travel Reward Credit Card Points

If you want to make a little (or a lot) extra cash you can sell your travel reward credit card points to mileage brokers. Again, this is a good option only if you’re not planning on traveling in the near future. Mileage brokers pay good money to buy travel reward credit card points from cardholders. They later sell them off to someone who is in dire need of them. It’s a win, win situation. You make some easy money and help someone out as well. At the end of the day, cash is always king.

Read: Everything You Need To Know About Paying Taxes For Credit Card Reward Points

5. Redeem Them For Gift Cards

A lot of travel reward card points can be redeemed for various gift cards. Rather than gifting the gift cards you can use them yourself towards something you have been eying for a long time. Keep in mind gift cards can be used like money, and reward sales offer them a great discount. There is also an option of selling your gift cards to second-hand gift card sites and make extra cash for double return on your rewards.