How to earn and redeem Credit Card Points

Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.
Know More
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
18 MAY, 2023
Cashless transactions have become extremely popular in today’s time. There are several ways to undertake this form of payment and credit cards are one of the most popular options. It has aided in considerably bringing ease of payment in all walks of life. Additionally, you enjoy a slew of benefits that can help you save money and promote good financial growth.
It is essential to know how to use a credit card smartly to reap the maximum benefits that come along with it. Credit Card issuers usually offer reward programs and you can use these to earn rewards and redeem your credit card points for a variety of perks and benefits.
Pick a suitable credit card – The first step is to pick a credit card that compliments your lifestyle. If you are a frequent traveler, then you should get a credit card that lets you redeem your points on hotel stays, flight tickets and more. On the other hand, a card that offers rewards on certain shopping categories such as apparel and groceries is a good pick for a frequent shopper.
How Can You Earn Reward Points?
When using a credit card, use it responsibly by making monthly spends within the limit. Albeit, do not spend beyond your means just to earn reward points.
How to Redeem Credit Card Reward Points?
Cash backs – You can avail cash backs by trading your available reward points. This may be transferred into your statement credit.
Your lifestyle habits will help determine if earning credit card points bring value to you. Be well aware of all the limitations attached with it. Keep a close note on all the terms and conditions to prevent any discrepancies when using one.
Credit Card Reward Point Benefits
Cash Conversion: Certain banks or credit card companies provide the option to convert credit card reward points into cash. This allows cardholders to receive cash credit for their accumulated points.
Travel Bookings: Some credit card issuers enable cardholders to use their reward points to make hotel or travel bookings. These bookings may include flights, hotels, car rentals, or other travel-related expenses.
Cashback Redemption: Another option for reward point redemption is cashback. Cardholders can use their reward points to receive cashback on their credit card spending.
How does Credit Card Reward Points Work?
Every time you purchase with your credit card, banks may offer you reward points as a benefit. As you continue to spend on your card, you can accumulate these points over time. Once you have earned enough points and know how can I redeem my credit card points, you can use them to redeem various rewards, such as gift vouchers, merchandise, airline miles, and more.
How to Maximise the Reward Points on Credit Card?
To maximize the value of your credit card reward points, you should first know how to redeem credit card reward points. There are several strategies you can adopt to maximize the reward points on credit cards:
Also Read: Cashback vs Reward Points in Credit Cards
Frequently Asked Questions: How to Redeem Credit Card Reward Points
Q1. How Can I Redeem My Credit Card Points Online?
A.Redeeming your reward points online is an easy and hassle-free way to redeem your rewards without calling the bank's customer care department. Many banks offer home delivery for products purchased online using reward points, making it even more convenient. In addition, you can also convert these points into air miles that can be used to purchase air tickets, making it an excellent option for frequent flyers.
Q2. Can the Reward Points be Convert to Cashback Points?
A.Credit card issuers typically offer multiple options for redeeming reward points, including cashback, gift vouchers, merchandise, and even charitable donations. In addition to online redemption, many credit card companies also have a catalog or rewards portal that allows cardholders to browse and select specific products or services they want to redeem their points for. It is essential to understand how to redeem credit card reward points before taking any step.
Q3. What are the various options to Utilize your Reward Points?
Q4. How to use reward points to pay credit card bills?
A. It is crucial to determine the worth of your redeem credit card points before using them for any payment. Knowing the cash value of your points can assist you in effectively reducing your outstanding balance. Therefore, before redeeming your reward points, it is wise to check the credit card company's reward point system to determine the value of each point.
You have already rated this article
OK