Credit card rewards may be the furthest thing from your mind post-election during a global pandemic. They could, however, be one way to stretch your holiday budget, given that many of us won’t use our points or miles for travel as COVID-19 cases surge throughout the U.S.
Check your credit card rewards today. Some credit card companies have modified how points or miles can be used, extended expiration dates, or have partnered to allow their use with online retailers during the COVID-19 pandemic.
- Consider converting points to cash or universal gift cards, which you can use for bills or gifts.
- Some companies have partnered with online retailers, like Amazon, or dining and grocery delivery services to convert points to services you are likely to use while spending more time at home.
- Consider applying the cash conversion of points to your current credit card bill.
- Travel remains a viable option for some; check to see whether your provider has offered additional incentives.
Financial wellness is an important part of self-care; now is also a good time to review your credit cards’ annual fees and, if needed, request credit extensions or new payment dates based on your needs.
