Everyone now has at least one credit card in their hand, and some may have several or even dozens of them. Every bank’s credit card has points redemption options. Have you redeemed them?

If we are accustomed to using points to redeem, we can save some additional expenses on daily necessities to kitchen appliances. Here are some tips for using bank points that I have compiled for you:

1. The best way to redeem points is the ICBC credit card.

First of all, let’s take a look at the points rules for ICBC credit cards:

ICBC charges 1 point for every RMB 1 spent, 1 point for every HKD spent, and 8 points for every US$1 spent. . Any amount less than 1 yuan will not be scored.

The following transactions do not accumulate points: Wholesale transactions: such as tobacco, beer, building materials wholesale, computer malls, etc. Transfer transactions: professional transactions: such as hospital payments, provident fund payments, tax payments, school payments, insurance payments, real estate sales, car sales, online transactions, auctions and pawns, etc. Stored value transactions: such as gas card recharge, phone bill recharge, prepaid recharge, etc. Other transactions deemed not to accumulate points will not accumulate points.

There are many types of credit cards that can be redeemed in the ICBC Points Mall. Among all banks, the daily necessities category is the largest and covers most of the items we need. Those with few points can be exchanged for daily necessities, and those with more points can be exchanged for better items.

2. Industrial Bank Credit Card

The points rules are as follows:

If you sign up for an account, you will get 1 point for 1 yuan and 6.5 points for 1 yuan. A cash advance of RMB 1 accumulates 1 point, and a USD 1 accumulates 6.5 points. Points from the supplementary card are deposited into the main card account. The maximum point acquisition limit for a single transaction is 100,000. Holding a standard platinum card with an overseas account can earn double points; overseas cash advances cannot earn double points. Double points are awarded for transactions made on your birthday, this rule also applies to supplementary cards. Standard Platinum Credit Cards earn four times the points on birthday transactions, and this rule also applies to supplementary cards.

Industrial Bank’s credit card point redemption is also very practical. Home furnishing department stores meet our daily needs, including household appliances, beauty care, business travel, and outdoor sports. Different categories meet our various needs.

3. Hua Xia Bank Credit Card

Hua Xia Bank Credit Card charges 1 point for every RMB 1 spent and 7 points for every USD 1 spent.

Huaxia’s credit card points mall has relatively few internal categories, divided into three categories: Lohas Home Furnishings, Selected Home Appliances, and Charity Donations, and there are relatively few daily necessities.

4. China Merchants Bank Credit Card

Chinese Merchants Bank Credit Card will accumulate points after consumption. Points will be accumulated simultaneously after recording the consumption amount. Most of China Merchants Bank's credit cards implement the rule of 1 point for spending 20 yuan or 2 US dollars. The point rules for special card types will be different. For example, car cards and city theme series gold cards, in addition to following the above rules, will also give an additional 50% points.

The points rules for China Merchants Bank credit cards are as follows:

Ordinary card types: 1 point will be earned for every 2 purchases of RMB 20/USD. Car and City Theme Series Gold Card: Earn 1 point for every RMB 20/USD 2 spent, and an additional 50% of points. Points are rounded up.

Young Card, Sina Weibo Credit Card, GQ Card: Earn 1 point for every 20 yuan/2 US dollars spent, and an additional 1 point for purchases in the month of your birthday.

The basic consumption of CMB’s credit card is 120 yuan, so the items that CMB points can be exchanged for are quite good, and there are many categories, but daily necessities may be less, such as paper towels. CMB's other home textiles, home appliances, kitchenware, digital products, maternal and infant products, bags, and personal care are all available, and you can choose according to your needs. Secondly, CMB’s credit card points can be exchanged for membership in various video websites, which is quite attractive; they can also be exchanged for Starbucks coffee and other delicacies.

5. Guangfa Bank Credit Card

For every RMB 1 spent with Guangfa Credit Card, you will get 1 point for 1 Hong Kong dollar spent, 1 point for 1 US dollar spent, and 6 points for 1 US dollar spent. Spending points on the cardholder’s birthday are doubled.

The points of Guangfa Credit Card cannot be redeemed for free, and additional money must be spent to redeem them. However, Guangfa Credit Card can enjoy buy one get one free Starbucks coffee every Friday.

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