Using a credit card to consume will generate credit card points. The points accumulated by the credit card are also very useful, such as reducing annual fees, redeeming gifts, event draws, redeeming consumer coupons, etc.

1. Annual fee exemption

After the credit card is activated, an annual fee will be generated. How many purchases do you need to make each year to be exempted from the annual fee? Platinum cards and above have higher annual fees and are exempt from annual fees. The requirements are also higher. Points accumulated using credit cards can be used to reduce annual fees, and you can enter the bank APP to complete the redemption procedure.

2. Redeem gifts

Almost all major bank credit cards have launched a credit card points mall. Cardholders can log in to the points mall and use their credit card points to redeem the gifts they want. Product coupons, etc., can be physical goods or video memberships, etc.

3. Redeem air miles

There are some credit card points dedicated to business trips that can be exchanged for air miles, which can then be deducted by reducing the purchase amount.

4. Points for oil exchange

For example, points generated by China Construction Bank's car owner's credit card can be exchanged for oil. In addition, car owner's cards, car cards and other credit cards launched by other banks basically have points that can be exchanged for gasoline. Activities, cardholders need to always pay attention to the news on the official website.

5. Points Lottery

Points generated by credit cards can be drawn in a credit card mall. For example, China Merchants Bank’s credit card points can be used to draw electronic products in the mall, and Industrial Bank’s credit card points can be collected on mobile phones, Air purifiers and other products.

6. Deduction coupons

These credit card points generally need to be used at designated merchants. For example, China CITIC Bank has launched an event where 9 points can be exchanged for a 30 yuan coupon for Pizza Hut. Hua Xia Bank Credit Card has launched activities such as redeeming JD.com discount coupons.

7. Redeem points

The credit card points here are not directly redeemed. They can be redeemed for goods in the credit card mall and then bought and sold into cash. However, there will be certain discounts for third-party purchases and sales.

Extended information:

In order to encourage customers to spend, various banks are making a big fuss about credit cards. In addition to various value-added and preferential services, the biggest one*** The similarity is "points". When a customer swipes their card, the bank will calculate points based on the customer's consumption amount. The standard given by most banks is that 1 yuan spent will earn 1 point.

Customers can use the accumulated "points" to redeem gifts at the bank, use them for consumption, etc. However, many customers forget to use these points for one reason or another after consumption. Points that can be saved permanently are fine, but some banks automatically "clear" points after one or two years, which is really a pity.

Reference material: Buying and selling credit card points - Baidu Encyclopedia