Have a million or more
credit card points sitting around?
Not exact matches
I am about 20,000 Dalars in debt I have a student loan for 1500 on one and about 7500 hundred on the other one, I am savirley behind on my day to day bills I am now at the
point of company's are passing me as a client around so I'm now getting charged by every company in town, I have a new baby due at the end of the month And I do not want to be in debt for the rest of my life, I also have moltaple payday loans owing, and I have a
credit card that shouldn't have gone wrong its
sitting about 580.00 it's starting to get really frusterating when I can't pay it all off plus not to mention I have a few collections in mobile companies, Rogers and Telus very frusterating -.
«
Sitting on your
points is not typically the best move because
credit card points are likely to decrease in value over time,» says Kayla Shaw of Ratehub.ca.
Credit card reward
points could disappear without notice — Don't
sit on
points too long.
I rarely stay at Hilton properties so I've had a balance of around 80,000 Honors
points sitting in my account for some time (most of the
points came from a sign - up bonus for the free Hilton Amex
credit card) and this seemed like a good time to use them.
I met the requirement the first month, so at the beginning of the second month of owning the
credit card I had 50,000 + rewards
points sitting in my account.
So now I'm
sitting not only on 160,000 IHG Rewards Club
points from two
credit card signups, but 61k bonus
points in addition to the already healthy balance I had from previous promotions.
If your
points are
sitting in a major
credit card rewards program, you can probably turn them into cash.
Sachs estimates she has 20 or 30
cards «
sitting in a sock drawer, unused» — generally retail
cards she signed up for to lower the cost of a purchase at that store or
credit cards she acquired for the
points boost.
If you're
sitting on a pile of rewards and you have
credit card debt, it's probably a good idea to at least seriously consider cashing in the
points.