Credit cards have become a very common thing these days. Nevertheless, credit card companies are shrinking the reward programs. This situation has brought tough time for people who are depending on credit card based rewards for extra income. In this scenario, it is very important to keep an eye on your earned rewards and learn new ways to earn more free points.
Credit card issuers want to reduce the rewards that their users get. For them, giving out free rewards is a loss. They would promote free reward points only when there is a scope for marketing. In order to prevent loss through free reward programs, they would remove the reward points from your account if you don’t use them for a while. In addition to that, they would depreciate the value of reward points from time to time.
How To Prevent Losing Free Reward Points?
The best way to avoid losing reward points is to keep note of your reward points. Login to your account from time to time and keep checking the validity of your miles and points. Make sure that you utilize the reward points before they get expired. You can sell them to interested buyers if you don’t plan to use them.
Ensure To Make Payments In Time
No card issuers would tolerate delinquencies. If you make frequent arrears in paying off the debts in time, you are giving your credit card issuer the chance to withdraw all your earned reward points and other benefits. Similarly, late payment would fetch higher interest.
Read The Notifications From Credit Card Issuers Carefully
Credit card issuers would not withdraw any benefits from you without notifying you in advance. They would send you notifications/warnings to your registered email address or mobile number. When you receive any notifications from them, read them carefully. If you have any questions regarding any clauses in the notifications, feel free to get in touch with the customer support desk of the credit card provider. This way, you can clarify everything and avoid any chances of losing benefits or reward points.
Don’t Let Your Card Get Deactivated
If you don’t use your credit card for a while, it will get deactivated. It is a loss for the credit card issuers to keep an inactive card active. The best solution is to reduce the number of cards you have and keep using one or two actively. This way, you can earn maximum rewards and avoid any fines.