How Do You Redeem MasterCard Points?


Quick Answer

Using MasterCard rewards points ultimately depends on which bank or financial institution issued the card, but in most cases the easiest way is to log in to your MasterCard online account, as evidenced by the Paypal Extras Mastercard reward redemption instructions. Alternatively, call the customer service telephone number.

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Full Answer

Credit card rewards programs usually offer a variety of ways for cardholders to redeem points, according to each company's website. Typically, you can apply your points to an outstanding credit card balance from the account associated with the rewards, which is issued as an account credit. It is also possible to deposit the monetary value of the points directly into your bank account, or apply the points toward the purchase of gift cards or product purchases from a predetermined set of retailers. Depending on the bank, it may be possible to have the monetary value of the points sent to you in the form of a check. If your MasterCard is linked to your eBay or Amazon.com account, it is possible to apply rewards points directly toward your purchase at checkout.

Because banks have different rules and rewards programs, it is important to speak to a representative or request a copy of the program rules to ensure you get the most value from your accumulated rewards points.

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