Credit card recorded a 27% YoY growth as of May 2019. This financial tool has already flooded the Indian market especially owing to the numerous additional features it offers.
Reward points are one such benefit that is offered by these cards and helps to generate a considerable amount of savings for an individual. There are various credit cards that offer hefty reward points on specific transactions.
Additionally, partner stores and brands also offer numerous discounts which also make credit cards a very lucrative financial tool.
One such multifaceted card is the Bajaj Finserv RBL Bank SuperCard, which has umpteen number of benefits on every sort of purchase and expenditure. These cards are filled with numerous facilities which enhance the experience of shopping for every user.
Consequently, it is also imperative that users know the details of reward points. With the high use of credit facilities, it has become important for every customer to know how to redeem RBL credit card points and use them effectively to reduce their overall expenses.
Process of redeeming RBL credit card points
Steps of redeeming reward points are made quite straightforward by the respective financial institution. It can be done easily by visiting the rewards page on issuer’s website and activating user account link.
How can credit card points aid in reducing shopping expenses?
Credit card reward points can be effectively redeemed to shop more without any extra expenditure of the customer. This is one of the prime features offered on credit lines since this lets customers avail immense overall rebate on their total spending.
Here are a few ways in which reward points can be used to reduce the expenses related to shopping -
Gift cards and vouchers: Users can exchange reward points on their credit card for gift vouchers or cards, which can be later used or gifted for future purchases. Generally, there is a fixed timeline within which these cards and vouchers must be used by the customer.
This effectively leads to immense cost-cutting since many essentials are covered under these cards and vouchers. Additionally, there are often curated personal gifts on offer too.
Converting points into travel miles: There are numerous must-know credit card benefits for every traveller that not only promises reduction in travelling costs but also ensures comfort during a journey. This includes discounts along with access to airport lounges and other places. While the reward points can be used to purchase flight tickets, customers can also use them to cover their hotel booking expenses.
Mobile recharge: This feature allows users to easily recharge their mobile phones with the reward points they have earned on their credit card. Being an extremely essential gadget in today’s world, this feature comes as a vital respite.
While strategizing, the above can immensely impact the overall expenses incurred. In addition to using these features to redeem credit card reward points, customers should also be careful to choose the right card issuer while selecting their creditcard, users must be careful to select a provider which offers an easy reward points redemption procedure.
The Bajaj Finserv RBL Bank SuperCard is one such credit card that offers a straight-forward reward points redemption procedure along with a plethora of various other benefits.
They also provide pre-approved offers that make availing credit cards convenient and less time-consuming. Pre-approved offers are available on numerous financial products like home loans, business loans and personal loans, etc. You can check out your pre-approved offer by providing your name and phone number.
With detailed know-how on how to redeem RBL credit card points along with basic strategies, customers can expect to reduce their monthly expenses even further. It is crucial that along with availing these conveniences, customers are also diligent in clearing their respective card repayments so that no fine or penalty is levied on them additionally.