When should you choose credit card reward points over cash?
According to Adhil Shetty, CEO of BankBazaar, credit card reward points are best utilized when their conversion value exceeds that of cash payments. He explained that using 10,000 points to book a ₹5,000 flight yields a value of ₹0.50 per point, whereas opting for shopping vouchers or statement credits might only provide ₹0.20 per point. Consequently, reward points are most beneficial when they help lower your direct spending on planned costs, such as travel.
by shortkt.com✓