Redeem your reward points carefully
Redeeming your reward points can be quite overwhelming and you will need to review carefully the fine print (retailer as well as card holder). You can acquire The Home Depot gift card at a discounted rate from The Home Depot. However, Wells Fargo does not pay the entire $50 to The Home Depot on the gift cards that are given to its customers. Since this gift card is a single-destination gift card, The Home Depot is aware that it will gain from anyone who uses the gift card to redeem points. It has been found through their research there are more chances of spending over $50 if customers take their gift cards to The Home Depot.
A significant amount of money is wasted each year as shoppers either lose the card or forget to use it. Sometimes they end up using part of the value of the card and then forget about it for many years. The Home Depot has already received the money for the gift card and that is lying safely in their bank accounts and earning interest. Gift cards are a favorite among retailers, as they know that most shoppers will not use the full value of the card and hence it makes sense to offer these as part of rewards programs at a discounted rate.
However, Visa and MasterCard can be redeemed for its full value and there is no loss. According to the research it is the most used and clients do gets its full value.
Latest Credit Card Rewards News
Capital One keeps adding new rewards redemption options to its travel credit cards. To be more precise, holders of Venture and Spark credit cards can now transfer accumulated miles to even more loyalty programs. Surprisingly, new transfer partners are not airlines, as it could be expected, but large hotel chains AccorHotels and Wyndham Hotels & […]
When the new year is on the way, everyone wants to not only resume the previous one but also draw up new plans and resolutions. This applies to your credit card rewards as well. If you are a happy owner of a cashback credit card with rotating quarterly categories, you probably were looking forward to December to find out what the issuer would prepare for you this time and where you could get more benefits.
This month, Capital One added an important extra redemption option for some of its credit cards. Such an introduction will surely appeal to lovers of shopping at online stores, and, more precisely, at Amazon.com. Yes, now owners of most Capital One credit cards get the opportunity to spend the rewards they earn on millions of Amazon items (except the restricted ones) due to a new partnership!
It has just been announced that Capital One and Walmart are preparing to release their new product – the Capital One Walmart Rewards Credit Card Program. The program will be available on two new co-branded credit cards that are specially designed for customers shopping at Walmart.
On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.