When you agree on spending, you’ve agreed on Dreams, Goals and Priorities & for doing this daring you also deserve some rewards so for these wonderful persons we have Rewards Credit card, which will give you something in return when you spend.
A card by which you can do a lot shopping, dining, travelling and do all other things which can entertain your self....and you will get reward points for the same. But at the same time you have to be sure whether you are going for the right Reward credit card.
You have to keep in mind these important factors for purchasing Reward Credit card? 1. How many reward points you are earning 2. Where you can spend those points 3. For how long you can use them 4. What is minimum value require to redeem those points 5. Annual fee on the card
How to earn points?
Utilize your credit card every month .Your everyday spending will add up and become future savings after redeeming .But do not spend beyond your means for more rewards. Many Loyalty programs are running in which you can earn reward points on domestic spends and international spends and Guess what?? You get more points on international spends, many credit cards even allow you to earn a large sum of points in starting months of the cards.
You can earn points by booking flights, making online payments for your hotels , shopping fuel,utility, dining and by other activities. Earning points value vary from card to card some provide 2 points for AED 1 spend ,some 1.75 points and some provide 1.25 pointsand there are many such figures .So ,go for the card which provide you more points on AED 1 spend .
Some credit cards even don’t give any minimum cap for earning these reward points,pay monthly bills by credit cards and use credit cards for big purchases.
Where to spend these earned reward points?
By logging into your net banking account you can check it out how many points you have earned. Many Loyalty programs are running for spending these points at various locations. Travel benefits: You can redeem these points on airlines for booking tickets , booking hotels and on the cab services such as careem.
Lifestyle benefits: You can redeem these points on online shopping malls, movie tickets , dining & restaurants Recharges and bills: You can redeem these points for daily use purposes such as utility, fuel, supermarket and other retail spends.
Third party website : These points can be used on third party website also such as Amazon , I love dining and other sites.
Golf is famous activity in UAE , you get many discounts on that as well.
Validity : As there is validity for each and every product so even these points have some validity period. The most important thing in Rewards credit card is to remember redeeming than earning, either you can use it or lose it. Knowing the expiry date and rules for your rewards use can save you from missing opportunities. Points you earn with a regular rewards credit card largely don’t expire. But even the few exceptions give up ample time to redeem those rewards. Points even don’t expire as long as you have flight- earning or partner – earning activity at least once every12- 24 months depending upon terms of hotel or airline loyalty program. The terms of these points depends on the card issuers or the loyalty program runners, these terms sometimes change with a respective time. Minimum value require to redeem points
Normally you would need a minimum number of rewards points before you can redeem it . The minimum number of points required is 500.It also depends where you are redeeming these points. You can earn one point after every AED 10 spend in the UAE or anywhere else worldwide, you need to at least spend AED10 to be eligible for points. Some card issuers provide minimum cap for the spend and cap may vary from location to location and product to product, while there are some card issuers which do not require any minimum cap for availing benefits Last an important factor Annual fee charged on Card Annual fee is charged by the issuer of the credit card for the services which is provided by them. It is charged on an annual (yearly) basis on the card and even it varies from credit card to credit card . Some credit card issuers charge AED 550, AED 250 and there are other figures, you can use reward points to pay this fee. So, make sure that you are earning enough points to offset annual fee But everyone knows that no one want to spend their hard earned money so don't worry for the same even there are some credits card that fulfil your this wish too, they don't charge any annual fee. It cares for you as your loved one care for you& gives you sweet gestures in form of points when you spend on it.
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