How to redeem Bank of China credit card points?

Bank of China Credit Card Points Redemption:

You can redeem points through Bank of China personal mobile banking, "Bank of China Credit Card" WeChat official account, Colorful Life APP and other channels.

The above content is for your reference, please refer to actual business regulations.

How to redeem credit card points for cash

Different banks have different methods for redeeming credit card points for cash. Taking Guangfa Bank as an example, the steps for redeeming points for cash are:

Operating environment:

Brand model: iPhone13

System version: iOS15.4

App version: v7.0.6

1. Search and open the Guangfa Bank Credit Card Points Area website.

2. Click "Personal Center" at the top of the page to log in.

3. Find the amount you want to redeem in the spending amount.

4. Click "Buy Now" and enter your password.

1. According to different card issuers, they can be divided into bank cards and non-bank cards.

Bank card: This is a credit card issued by a bank. Cardholders can shop and spend at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs. .

Non-bank cards: This type of card can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.

2. According to the different objects of issuance, it can be divided into corporate cards and personal cards.

Company card: Company card is issued to various industrial and commercial enterprises, scientific research and education and other institutions, national party and government agencies, military units, groups and other legal organizations.

Personal Card: Personal cards are issued to individual urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.

3. According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards.

Ordinary cards: Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.

Gold card: Gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status. The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.

How to redeem credit card points for cash

The text message informs that the credit card points can be redeemed for 5-25 cash, and you can redeem it by clicking on the link. This type of redemption text message is a known method. It is a text message sent by criminals using fake base stations to disguise themselves as bank service number ranges. It is obvious whether the link is safe or not and what its purpose is.

1. How to exchange credit card points for cash?

It’s actually very simple. His principle is to redeem cardholders’ points into gifts. The gifts are then recovered in cash according to a certain proportion of their value, and then the gifts are sold centrally. The cardholder gets the corresponding cash in his or her hands. This is how credit card points are redeemed for cash. There are many such platforms. Some platforms have already generated and uploaded the APP. You can download the APP directly from the mobile application market, and then contact customer service to perform one-on-one redemption operations. It usually takes 5-10 minutes to complete the exchange and get the cash you exchanged. If cardholders don’t have their favorite gifts to redeem on the card issuer’s APP, they can consider using this method to redeem their points into cash. After all, most bank points have an expiry date. Once it expires, it can never be returned. Not using or exchanging it is also a waste.

2. How do credit cards generate points?

There are many commercial banks across the country that sell credit cards. In order to encourage customers who use their cards to make transactions, each bank has formed a credit card points system. Credit cards have many ways to generate points. 80 points come from credit card consumption, that is, you will get points when you use a credit card. For example, at China Merchants Cooperative Bank, every 20 yuan worth of purchases at merchants with points counts as one point. For infrastructure and industrial and commercial bureau bank points, one point is calculated for each dollar spent on transactions. It will be difficult to accumulate points, the greater the value of the points. Points that are not used will expire and be cleared. Many people don’t know how to spend points, or they don’t find the products they want in the corresponding credit card points mall system, so these unused points need to be used. Wasted.

Credit card points are very important to individuals. Generally, people who collect credit card points are scammers, and they will also cause you financial losses. If you encounter such a thing, you must Be alert.

How to exchange credit card points for cash?

Major banks do not support converting credit card points directly into cash.

Most of them are virtual items or physical objects from the points mall. Of course, if the points are converted into goods and then sold through the trading platform, they can naturally be converted into cash. In addition, some banks now support converting points into credit cards or instant discounts, such as in the WeChat wallet card binding interface.

You can directly exchange Shanghai Pudong Development Bank credit card points for instant discounts. The exchange ratio is 1,600 points = 1 yuan, which can be used as cash when paying. In addition, points can also be exchanged for takeout deductions in the Bank of Communications Pay Bar APP, which can be used as cash to a certain extent.

Extended information:

The credit card points are introduced as follows:

You can download each bank’s credit card APP to learn more about the rules for using points, but if you want to redeem the points for Withdrawing cash to bank cards is currently not supported through official channels. In situations like decoration, the amount of credit card swiping is relatively large, and the credit card points that can be earned are also very generous. Tens of thousands of points can generally be exchanged for goods worth 100 to 300.

In addition to credit card cash installments, you can also combine credit card bill installments with cash installments. You can use your credit card as much as possible to make various payments for decoration. You can also get credit card points by making good use of the interest-free period of your credit card.