Credit Card Rewards You Could Be Missing Out On

Sunday, April 26th, 2015
Updated: April 26th, 2015
The content is accurate at the time of publication and is subject to change.

Are you getting all you can out of your credit cards? If you’re collecting rewards points and not using them, you are missing out on one of the best perks of having a credit card. Read on to find out what credit card rewards you might not even know you’re passing up.

Gift cards – one of the most popular reward redemption choices, getting gift cards to your favorite retailers, is a great way to maximize your reward points. Instead of opting for cash back, often in the form of a statement credit, you can choose to get a gift card to one of the places you regularly shop. Whether you download lots of music and apps, dine out frequently, or love to shop for clothes, there’s a gift card option that’s bound to save you money and make you happy. You can also get gift cards for your family and friends, and have your holiday shopping done quickly and easily.

Free flights – everyone knows you can get frequent flyer miles from using the right rewards credit card, but what you may not realize is how to maximize those miles by transferring points to your preferred loyalty program. Many credit cards allow you to transfer your miles or points to the airline or hotel program of your choice. Depending where you use them, points can be of more valuable. Usually redeeming points for air travel gives you the most value per point. But always check the full program terms and conditions to make sure you know all your options, and be sure to use your points the way they will be most useful.

Merchandise – although redeeming your credit card rewards points for things like jewelry, electronics, or other merchandise does not generally offer the best value per point, some people like using their rewards to treat themselves to something that they would not normally buy for themselves. This can be a good way to use your rewards if you would not use them for something else. Many people let their credit card rewards sit unused, and sometimes they even lose them because they wait too long and the points expire. In this case, using the rewards for something is better than nothing. Merchandise is a fun way to use points if you don’t like to travel and don’t want to get a gift card.

If you don’t have a rewards credit card, you are definitely missing out on all of the rewards above, plus possible sign up bonuses and extra points-earning promotions. So be sure you research all the possibilities available to you. Whether you have excellent credit or only fair credit, there are rewards cards that offer perks you won’t want to miss. Even student credit cards come with points, cash back, and other benefits. There’s no reason not to carry two, three, or even four credit cards that offer rewards for different occasions. Check your wallet and make sure there aren’t rewards points collecting dust on any of your credit cards.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card Guides

Maxing Out Your Credit Card: What to Expect When You Go Over Your Credit Limit? January 26th, 2024

When it comes to obtaining а new line of credit, whether it’s a credit card, personal loan, mortgage, or any other way to borrow money, one of the most crucial aspects is the credit limit. Credit limit is the maximum amount you can charge on a particular credit card or other type of credit account. […]

Continue »
How to keep your money safe? Common types of bank accounts November 16th, 2023

Bank accounts offer a convenient and secure place to store cash and build savings. Savings and checking accounts are the most well-known types of bank accounts, but there are actually other options that financial institutions commonly offer. There are different types of bank accounts that can fit specific needs. Apart from Checking and Savings Accounts, […]

Continue »
The best alternative to payday loans: a Paycheck Advance Apps overview September 26th, 2023

If you need to make ends meet before your next paycheck, fast cash options like payday loans or installment loans are not your only options. Paycheck advance apps have been booming in the financial services industry in recent years, and the idea of an app that allows you to borrow money with low or no […]

Continue »
How to cope with the over-budget holiday debts? December 28th, 2022

The holiday season is a time when many Americans spend big on dearest friends, relatives, and themselves. During the festive fuss and buzz, it’s easy to fall into the urge to spend and buy more than you can afford. However, if you don’t want overspending to set you back financially in the new year, here’s […]

Continue »
What Are Electronic Payment Methods and How Do They Work? October 10th, 2022

If you frequently make online payments but remain concerned about your sensitive bank account details, virtual credit card or digital wallet services can give you the added layer of protection you need. A virtual credit card (VCC) is an online only version of your debit or credit card. It’s not a physical card, but a […]

Continue »
Best Credit Offer
Destiny Mastercard®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 All Rights Reserved.

See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.