The way to Flip Unused Credit score Card Rewards Into Vacation Items – NerdWallet


If you happen to’re celebrating the vacation season at dwelling this yr due to the COVID-19 pandemic, then you definately in all probability aren’t utilizing up your journey rewards factors. As a substitute of watching these factors languish, think about turning them into vacation items — you’ll be able to stretch your finances whereas profiting from new affords from bank card issuers.

Amid the pandemic, many card issuers are providing extra flexibility relating to factors redemptions, in addition to further assertion credit. With 1 in 3 vacation buyers who accrued bank card debt final vacation season still paying it off, utilizing bank card rewards to finance items may be a good way to have fun the season whereas avoiding further debt.

Listed here are some examples of limited-time affords you’ll be able to make the most of this yr.

Ship a meal

Via the top of the yr, holders of the Capital One® Enterprise® Rewards Credit score Card and the Capital One® VentureOne® Rewards Credit score Card can use their miles to cowl restaurant delivery and takeout purchases at a 1:1 rate. Which means as a substitute of utilizing your miles to fly dwelling to see household, you should utilize them to ship them a pleasant vacation takeout meal. You can even be a part of them for it over Zoom.

Capital One isn’t the one issuer providing points-for-food conversions: Financial institution of America® is just too. Via the top of the yr, holders of the Financial institution of America® Journey Rewards bank card and the Financial institution of America® Enterprise Benefit Journey Rewards World Mastercard® bank card can redeem points for grocery store, dining and takeout purchases for 1 penny per level. And when you have the Financial institution of America® Premium Rewards® bank card, you’ll be able to earn a $50 assertion credit score to make use of towards those self same classes, additionally by means of the top of the yr.

Make a donation in somebody’s title

On an ongoing foundation, holders of the Chase Freedom playing cards — the Chase Freedom®, the Chase Freedom Limitless® and the Chase Freedom Flex℠ — can redeem factors (for 1.25 cents every) for assertion credit to cover donations to qualifying charitable organizations. The Chase Sapphire Most popular® Card is providing the identical perk, however solely by means of April 30, 2021.

It is also an choice for holders of the Chase Sapphire Reserve® by means of April 30, 2021, however at a price of 1.5 cents per level.

Deal with a buddy to espresso

Holders of the Starbucks® Rewards Visa® Card acquired 150 bonus Stars earlier this yr as a part of Chase’s efforts to assist shoppers in the course of the pandemic.

That equates to a handcrafted drink, sizzling breakfast or parfait — so for those who haven’t redeemed them but, think about placing them towards a (socially distanced) vacation date with a buddy.

Reward a streaming service

Eight months into the pandemic, we’re nonetheless in search of new methods to maintain ourselves entertained indoors. For a restricted time, with The Platinum Card® from American Specific, you earn as much as $320 in statement credits towards sure streaming companies, together with Netflix, Spotify, Disney+ and extra. Phrases apply.

Which means you could possibly earn the credit score by buying a kind of streaming companies for a cherished one.

Purchase a member of the family a pc

As well as, for a restricted time, holders of The Platinum Card® from American Specific can get $100 again in the event that they make a buy of $100 or extra. This supply runs by means of Jan. 31, 2021. Phrases apply.

Cowl somebody’s train program

For a restricted time, holders of The Platinum Card® from American Specific should buy a membership to at-home health program Variis by Equinox and earn $25 back every month. Holders of the Blue Money Most popular® Card from American Specific will obtain $10 again every month. (For each playing cards, the supply ends June 30, 2021.) And different eligible AmEx cardholders will obtain $10 again every month for the primary three months of Variis membership, by means of April 1, 2021. Phrases apply.

If Peloton is extra your velocity, each the Chase Sapphire Most popular® Card and the Chase Sapphire Reserve® are offering limited-time statement credits towards eligible memberships. The Most popular card will grant cardholders as much as $60 in assertion credit on Peloton Digital and All-Entry memberships by means of Dec. 31, 2021. The Reserve will supply as much as $120 in assertion credit on Peloton Digital and All-Entry memberships, additionally by means of Dec. 31, 2021.

Give your self a present

Via April 30, 2021, Chase is providing a “Pay Yourself Back” function that permits some cardholders to redeem factors for assertion credit towards purchases made at grocery shops, eating places (together with takeout and supply) and residential enchancment. Holders of the Chase Sapphire Most popular® Card could make these redemptions for 1.25 cents per level. For holders of the Chase Sapphire Reserve®, it’s 1.5 cents per level. Often, cardholders get pleasure from these greater charges solely on journey purchases made by means of the Chase Ultimate Rewards® portal.

If you happen to’re spending extra to prepare for the vacations, this profit can offset a few of your prices.

Get money

Some playing cards additionally allow you to redeem journey factors for money again on the identical price.

It’s not at all times the most effective redemption choice. However at a time when journey could also be restricted, it could possibly assist lower a few of the prices of the vacations and even scale back your possibilities of accruing bank card debt from all that further spending, which is an actual present to your self.

Data associated to the Chase Freedom® has been collected by NerdWallet and has not been reviewed or offered by the issuer of this card.