Redeem your credit card reward points by applying them toward purchases, buying a gift card or using them to arrange travel, reports Discover. You can also use the reward points to donate to charity or redeem them for cash or a credit on your card balance.
As an added convenience, some credit card issuers offer shopping online at selected retailers where you can pay fully or in part with reward points, says Discover. Some cards have specific programs within the reward points system for this sort of feature. You can also redeem your points by using them to book tickets and hotels for travel. Because of blackout dates and other restrictions, make sure to use your points well in advance of travel dates. You can increase the cash amount value of your reward points by buying gift cards for specific retailers.
Whether you do it when your points are about to expire or to help out a cause you care about, the credit card reward points can be used to make a donation to a specific charity, relief groups after natural disaster or non-profit groups, states Discover. Some card providers also allow you to convert your points into a cash after a specific point, which can directly transfer to a bank account or apply to your credit card balance.