Don’t Sit On Your Credit Card Rewards

Don’t Sit On Your Credit Card Rewards

If you want to score rewards travel, you have to allow your credit card points to accumulate and that can take a while. Just don’t hoard them, because they could lose value over time.

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A lot of credit card users sit on their rewards without ever using them, which doesn’t do them much good. Worse, if the credit card issuer changes their loyalty program, which happens, those points could decrease in value. Over at Forbes, Robert Harrow explains:

…reward points are likely to decrease in value over time. Loyalty programs are constantly being devalued by companies. Therefore, the points you’re accumulating won’t grow in value over time. The only way to actually get something out of them is by using them. Avoid hoarding, and use your rewards whenever you can.

Of course, sometimes you have to wait to use your points, particularly if you’re saving them for something specific, like travel. Hoarding them, on the other hand, is typically not a good move. For more tips, head to the full post at Forbes.

Chances Are, You’re Not Using Your Rewards Credit Card Correctly [Forbes]

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