Towards the end of the year, cardholders have begun to clear out their credit card points. However, cardholders need to be reminded that they need to pay attention to methods when redeeming credit card points to clear out their credit card points. Pay attention to the bank's regulations on credit card points to understand Let’s find out which bank’s credit card has the highest points content.
"I have 12,000 points on my credit card, and I can only exchange them for 4 small clips, which cost less than 10 yuan in the small commodity market. These points are too worthless." Netizen "Autumn Wind Rises" complained, saying The value of credit card points from a certain bank is low; in the post, another netizen praised the value of his credit card points: "25,000 points, just redeemed for a 50 yuan mobile recharge card, is still a good deal."
Credit card points are the "added value" brought by credit card consumption. Many consumers even apply for cards just for the points. However, for the same credit card points, the gold content of each bank is very different. You may spend the same amount of points in exchange for real shopping coupons and recharge cards at some banks, but only get "real shopping coupons and recharge cards" at another bank. "Weak" products.
Calculate the value of credit card points
The so-called credit card points are converted into a certain proportion of the card consumption amount set by each bank. Each cardholder has a dedicated point. For some bank credit cards, you can redeem 1 point for every 1 yuan you spend, while others need to spend 20 yuan to redeem 1 point.
The calculation of points gift value is generally based on 0.25~0.3 of the card amount. In other words, if you spend 10,000 yuan with your card, the final gift value redeemed through consumption points will be between 25 yuan and 30 yuan.
Most banks’ credit cards require 1 yuan to be exchanged for 1 point, while China Merchants Bank’s credit card requires 20 yuan to be exchanged for one point. The points rules of the two are very different, but the actual value of the points is basically the same, that is, Feedback rate of 0.25~0.3.
Although the average level in the industry is this, the actual gold content is still quite different in terms of each bank and the corresponding gift redemption settings. In other words, if a cardholder spends the same amount, the final value of the gift that can be redeemed at different banks is not the same.
There is a post on Weibo that is quite popular among people - @freakonomics: Statistics show that in terms of the value of the exchanged goods, to exchange for products worth 1 yuan, ICBC needs to spend 365 yuan and Minsheng 402 yuan. , Bank of China 472 yuan, Guangfa 478 yuan, Ping An 504 yuan, Bank of Communications 534 yuan, China Merchants Bank 550 yuan, China Construction Bank 630 yuan, Postal Savings Bank 638 yuan, Agricultural Bank of China 712 yuan, Huaxia 799 yuan, Industrial Bank 825 yuan, CITIC 964 yuan, Pudong Development Bank 1213 yuan, Everbright 2199 yuan.
To exchange points for high-end products, choose the five major state-owned banks
Since credit card points are generally used to redeem gifts, which bank can provide a wide variety of gifts to choose from? It seems very important. According to the reporter’s understanding, if the value of high-end commodities is set above 4,000 yuan, except for the five major state-owned banks, ICBC, Bank of China, Agricultural Bank of China, China Construction Bank and Bank of Communications, joint-stock banks basically have no exchange for high-end commodities.
Take high-end products as an example. If you spend 5 million yuan, or 5 million points, from ICBC, you can exchange for 50 grams of gold bars. The market price is 13,600 yuan. The value of the redeemable gift for every 100 yuan spent is 0.27 yuan; if you spend 5 million yuan with Agricultural Bank of China, 2.85 million yuan, or 2.85 million points, can be redeemed for a Canon digital SLR 500D camera, with a market price of 4,400 yuan. The value of the redeemable gift for every 100 yuan spent is 0.15 yuan; Bank of China: The Longines Jialan series women's watch requires 4.2 million points to be redeemed. Spend 4.2 million yuan, the watch is worth about 8,000 yuan, and the gift value for every 100 yuan spent is 0.19 yuan; China Construction Bank: spending 5 million yuan, or 5 million points, can be exchanged for an Aosheng massage chair worth 10,000 yuan, and every 100 yuan spent can be The value of the redeemable gift is 0.20 yuan; Bank of Communications: Spending 8.8 million yuan, or 8.8 million points, can be redeemed for an OMEGA watch worth 20,000 yuan. The value of the redeemable gift for every 100 yuan spent is 0.22 yuan.
In addition to the above-mentioned banks, the value of gifts exchanged by other banks is more concentrated under 1,000 yuan, and there is not much difference between banks in terms of types. They are mainly concentrated in household appliances, digital products, and home appliances. supplies, men's and women's supplies, car accessories and outdoor supplies, books and magazines, etc.