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Selling credit card points

Credit card points recovery, what is the use of their recovery?

Most credit card points can be redeemed for airline miles. Many people take advantage of this and convert the acquired points into air tickets for sale. Moreover, this information was all found online. You can only discuss points recovery through phone calls or other contact methods. Sellers and buyers do not meet in person.

However, the cardholder needs to provide the name and account number of the card-issuing bank first, contact the card-issuing bank, redeem the credit card points and accumulate air miles, and then transfer the air miles to the account number provided by the buyer. Banks do not support this situation. Credit card points are not allowed to be bought or sold and can only be used by the card owner himself.

Extended information:

Notes on credit card points:

1. Pay attention to the validity period of points. Although for most bank credit cards, consumption points are valid as long as the credit card is within the validity period. However, there are still a few banks whose credit card points are only valid for 2 or 4 years and cannot be used after expiration.

2. If the whole family scores points together, it will be easier to score points. It should be noted that the credit card points from the supplementary card can be transferred to the main card. In this way, even if the points are not valid for a long time, you can collect higher points in a short period of time, and there are no restrictions on the use of the card by family members.

3. Pay attention to points activities. During store celebrations or discounts, many shopping malls will jointly launch promotions with banks to earn double points by swiping your card. Then during this period, you can get 2 times the points by swiping your card for consumption, which is of course more cost-effective. You can also enjoy double points by paying in installments with a bank credit card to purchase designated products.

4. There are free and paid points for exchanging points for gifts. This really needs to be included in the considerations for credit card points, not only for credit cards, but also for points on many other software. There are many ways to redeem credit card points, and most banks offer free redemptions. However, some banks will charge certain fees for specific exchange products, so cardholders should pay special attention.