![]() (I put "discount" in quotes because, of course, it was really more of a thinly veiled credit card surcharge than a true "discount": Verizon's and T-Mobile's advertised prices already reflected the autopay "discount", such that, if you didn't go for the autopay "discount", you would be paying more than their bold-face advertised prices on their websites.) Once Verizon and then T-Mobile eliminated their autopay "discount" (of $10/month/line for Verizon, and $5/month/line for T-Mobile) if paying by credit, it felt kind of inevitable that AT&T would join the crowd sooner rather than later. ![]() No promotion of illegal, fraudulent, or nefarious activities No self-promotional content with prior mod approval. No referrals in posts, comments, or private messages. PIN, Signature).Ĭapital One Upgrade Link - Check PC eligibility for your existing card List of credit card company phone numbersĬredit Card Tuneup or CreditIntro to help you find the right cardĮMV CVM Database - Find a card's Cardholder Verification Method list (e.g. Template for Card Recommendation Requests ![]() Suggestions, Ideas, and Feedback - Post your suggestions hereĬreditKarma - Uses TransUnion and EquifaxĬreditSesame - May use Transunion or Experian depending on service However, with a card that offers a 20% travel loyalty bonus, your reward-to-dollar ratio may now be 1:1.2, whereby each point is now worth 1.2 cents for a total value of $540.Official User Flairs Thread - Learn how to customize your user flair For example, if you've accumulated 45,000 cash back points then you can expect to have a real world dollar value of $450 using the above 1:1 ratio as a baseline. There are some credit card companies that offer even greater point redemption values through cash and travel reward bonus structures. While you can certainly use your reward points as cash back or statement credit for your credit card balance, you may get more value out of your points by redeeming them toward travel arrangements. Can reward points be used to pay for travel? But it really depends on the amount of reward points you've accumulated, the overall size of your debt and your lifestyle. Taking this option to use points for cash can sometimes really help keep your balance down to strengthen your credit score. ![]() In this case, 35,000 reward points may result in $525.00 of travel value but only $350.00 worth of reward points that can be put toward a credit card payment. For instance, your credit card company may offer you 1.5 cents redemption value toward travel, but only 1 cent redemption value for cash. It's worth stepping back and evaluating the value of each redemption possibility. In some cases, redemption options include requesting your reward points as cash payment through a check or direct deposit, which you can then use to pay for your next credit card payment. Can reward points be used to pay my credit card bill?įor some cards, accumulated reward points can be used towards your next credit card payment. This means that at a minimum you can expect to accrue a 1:1 reward-to-cent ratio. Typically, one reward point is worth one cent. But this isn't always the case and can vary depending on the credit card issuer. Points usually carry more value when used for travel than when you use them for cash, whether that's getting cash back or redeeming them for statement credit. Here are some ways to leverage your reward points toward your credit card balance as well as a few tips on when and how to redeem them. It really depends on how much debt you have and what interest rate you're paying. If you have some travel costs coming up, you might get better value from using points for that as you may get more value out of your points by redeeming toward hotels and flights. Yet you can also redeem your reward points for statement credit or cash back to pay down a portion of your credit card balance. Travel, renting cars and staying at hotels spring to mind as the most obvious perks of credit card reward programs.
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