Don't Let Your Credit Card Rewards Go to Waste
NEW YORK (TheStreet) -- Credit card rewards programs continue to proliferate, but so does the value of rewards left on the table by consumers. A recent survey showed that $16 billion in rewards points and miles go unused each year.
To avoid allowing your rewards to go to waste, the first concept to understand is minimizing the impact of rewards devaluation.
What is rewards devaluation?
Rewards devaluation is basically inflation for rewards points or miles. In other words, it's when your already earned points or miles become relatively less valuable because a greater number is needed for the redemption of certain goods or services. Unlike inflation, however, rewards devaluation isn't usually caused by macroeconomic forces, but rather by decision makers at the companies affiliated with the respective rewards programs.
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