Credit card points are a valuable perk offered by banks to reward loyal customers for their card usage. These points accumulate with every purchase made using your credit card, allowing you to earn while you spend. But what exactly are these points, and how can you make the most of them? Let’s dive in.
What are credit card points?
Credit card points are rewards offered by credit card companies to incentivise card usage. Each purchase made with the card earns a certain number of points, typically based on the amount spent or specific spending categories.
These points can be redeemed for various benefits, including cashback, travel expenses, merchandise, gift cards, or statement credits. Some credit cards offer bonus points for spending in particular categories like dining, groceries, or travel.
The value of points varies depending on the credit card and redemption method. Many cardholders strategically use their cards to maximise point accumulation and take advantage of promotional offers. Additionally, opting for a lifetime credit card can enhance these benefits. Lifetime free credit cards are cards that levy no annual fees for usage.
How to redeem credit card points with IndusInd Bank
IndusInd Bank has made the process of redeeming credit card points simple and rewarding through its innovative platform, www.indusmoments.com. This dedicated e-commerce website offers a unique redemption experience for IndusInd Bank credit card holders.
Here’s how you can redeem your points:
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- Visit www.indusmoments.com: This is IndusInd Bank’s first-of-its-kind e-commerce solution for its customers.
- Browse the catalogue: Explore over 6,000 products across eight different categories. From mobiles to watches, home appliances to gifts, travel accessories to home care items, and much more – there’s something for everyone.
- Choose your redemption method:
- Full points redemption: Use your accumulated points to “purchase” items without spending additional money.
- Points + pay: Combine your reward points with your IndusInd Bank credit card to acquire higher-value items.
- Shop and earn: Even if you don’t have enough credit card points, you can shop using your IndusInd Bank credit or debit card and continue earning points.
- Flexible redemption: IndusInd Bank allows you to use a combination of credit card reward points and your card to buy products of your choice, giving you maximum flexibility.
- Track your order: After redeeming your credit card points, you can easily track your order through the platform.
What to consider when applying for a credit card for points?
| Factor | Description |
| Spending habits | Analyse your typical monthly spending and categories where you spend the most. Choose a card that offers bonus points in those categories |
| Reward programs | Understand how points are earned (e.g., per rupee spent, bonus categories, etc). Consider programs with points that are easy to redeem for desirable rewards like travel or merchandise |
| Annual fees | Compare cards with high rewards to their annual fees. Ensure the value of points earned outweighs the annual fee |
| Interest rates | Consider cards with a lower interest rate and prioritise paying your balance in full each month to avoid interest charges |
| Welcome offers | Some cards offer bonus points for meeting minimum spending requirements in the initial months. Choose one if it aligns with your spending habits |
| Credit score | Different cards have varying credit score requirements. Choose a card with a required score you can realistically achieve |
Conclusion
Credit card points from IndusInd Bank offer a fantastic way to get more value from your everyday spending. With the easy-to-use redemption platform Indus Moments, you can turn your points into rewards that match your lifestyle and preferences. Whether you’re looking to save money on purchases or treat yourself to something special, IndusInd Bank’s credit card points program has you covered. Start maximising your rewards today and experience the full benefits of your IndusInd Bank credit card!
