what's the use of credit card points?

Credit card points will be generated when spending by credit card, and the accumulated points of credit card will also play a very important role, such as annual fee reduction, gift redemption, activity lottery, coupon redemption and so on.

1. Annual fee waiver

After the credit card is activated, an annual fee will be generated. How many transactions are needed each year to waive the annual fee? The annual fee for platinum cards and above is higher, and the requirements for exemption from the annual fee are also higher. The points accumulated by using the credit card can be used to reduce the annual fee and enter the bank APP to complete the redemption procedure.

2. Redeem gifts

Almost all credit cards in major banks have introduced credit card integral mall. Cardholders can log in to integral mall and use their credit card points to redeem desired gifts, product coupons, etc., which can be physical goods or video members.

3. Redeem air miles

Some credit card points dedicated for business trips can be redeemed for air miles, and then deducted by reducing the purchase amount.

4. Points are exchanged for oil

For example, the points generated by the owner's credit card of CCB can be exchanged for oil. In addition, credit cards such as owner's cards and car cards launched by other banks basically have the activity of exchanging points for gasoline, so cardholders should always pay attention to the news of official website.

5. Points lucky draw

Points generated by credit cards can be drawn in the credit card mall. For example, credit card points of China Merchants Bank can draw electronic products in the mall, and credit card points of Industrial Bank can collect goods such as mobile phones and air purifiers.

6. Deducting consumer vouchers

These credit card points generally need to be used in designated businesses. For example, CITIC Bank has launched the activity of redeeming 9 points for Pizza Hut 3 yuan vouchers, and Huaxia Bank has launched the activity of redeeming JD.COM full and reduced vouchers.

7. redemption of points

here, credit card points are not redeemed directly. You can exchange goods in the credit card mall and then buy and sell them to cash, but there will be some discounts for third-party transactions.

Extended materials:

In order to encourage customers to spend, banks have made a big fuss about credit cards. Apart from various value-added and preferential services, the biggest similarity is "points". When a customer swipes a card, the bank will score points according to the customer's spending amount, and the standard given by most banks is 1 point for spending 1 yuan money.

with the accumulated "points", customers can exchange gifts and offset consumption at the bank. But many customers forget to use these points after spending, for one reason or another. The points that can be permanently saved are fine, but it is a pity that some banks will automatically "clear" the points after one or two years.