Credit card: Credit card bill payment will be easy, this is how you can use reward points

How to redeem your Reward points: Credit cards have made online and offline shopping very easy. Through this, shopping is done with just one swipe. On shopping with the help of credit card, users get benefits like cashback, discounts on selected outlets. Apart from this, reward points are also received on every transaction. These points also give users many benefits like bill payment. Let us know how to use reward points for credit card bill payment.

How to redeem reward points received on using credit card

At present, many companies and major banks provide the facility of credit cards. Users get cash points or reward points on transactions made by banks or financial institutions using credit cards. The value of these points on different cards is different. Money can be saved by using them on other expenses like bill payments. However, To use reward points, the user has to redeem them. Let us know about how to redeem reward points.

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here are the steps

For example, if you have an HDFC Bank credit card, you will have to use internet banking to redeem the reward points earned on the card. The bank gives 4 options to its customers to redeem reward points. You can check the steps here.

Go to HDFC Bank net banking link and log in with your user ID and password.

Now click on the card section visible on the screen.

Go to the Enquiry section visible on the left side of the screen and select “Redeem Reward Points” here.

After this, users will have to select the card. Select the card for which you want to redeem the reward points and click on the continue button. Remember whichever browser you are using for internet. Before logging in, go to the settings and allow pop-ups.

Then as soon as you click on the Continue button, a new window will open on your screen.

Now you will see four options on the screen to redeem reward points. These options include Product Catalog, INSTA Vouchers, Cash and Airmiles.

Now you can use reward points by choosing any one of these four options. Card holders can choose the cash option and get reward points credited directly to their account. It may take one to two days to get reward points credited through this option. Similarly, credit card users of Axis Bank, Citi Bank and Yes Bank can also redeem reward points by taking the help of steps provided by the bank.

Banks or financial institutions charge a fee for redeeming reward points. Also, applicable taxes have to be paid on it. If you have redeemed reward points through the cash option, then you can now use that money to pay bills for upcoming expenses.