What are the ways to earn more credit card points?

  • Updated on: 8 Nov 2023
  • Published on: 14 Apr 2021
What are the ways to earn more credit card points?

Knowing how to earn credit card points and how to use them in the best way is crucial to boost your financial strength. Credit card points and rewards are the issuer’s way of “rewarding” your loyalty. Credit card issuers offer these rewards to build loyalty and cultivate good spending habits amongst cardholders. 

You can use these rewards to get exclusive discounts and benefits that help maximise savings. So, read on to learn how you can earn credit card points to optimise your benefits. 

What is the right way to earn more credit points?

If you are wondering how to earn credit card points, the right way is to make as many credit card transactions as possible and clear your monthly bills on time. If you fail this, even the best credit cards promising great rewards will charge 30% or more interest. 

So, no matter what purchase you make, you should be able to pay it back at the end of your card billing cycle. You should never have a partial payment on your credit card and end up paying interest on your spending.

Delayed or unpaid payments can have a negative impact on your credit score (check your credit score here), which can then affect your eligibility for future borrowing. Always remember not to go beyond your repayment capacity in order to get reward points.

Best ways to earn more credit card points

Check out the best ways through which you can earn more credit card points.

Go cashless, swipe for things that don’t charge a fee

Using your credit card instead of a debit card or cash for transactions and paying your credit card bill at the end of the billing cycle is one of the simplest ways to earn more credit card points. 

All the small purchases, when accumulated, can get you great rewards and bonuses. For example, pay your Wi-Fi bills and Netflix subscriptions through your credit card instead of a debit card.

Use online shopping portals

Using your credit cards for online shopping can be a great way to earn more points. Several brands, such as Apple, Nike, Gap, etc., are available online. You can consider getting the Fibe Axis Bank Credit Card if you prefer online shopping. 

It provides up to 3% cashback on every transaction you make. Along with that, you can link it with your UPI and pay conveniently.

Also Read: Fibe Axis Bank Credit Card on UPI apps

Pay for your colleagues, friends and family

Great offers are available on credit card payments at various merchandisers. See if your friends, neighbours, or other people around you are interested having you pay for them through your card and transferring the amount to your account. 

You will earn more credit card points by purchasing on their behalf and they, too, will be rewarded with discounts and offers. 

Take on office expenses with your rewards Card

If you have expenses at the office that you need to pay for yourself and get redeemed from the office later, then that’s another way to earn more credit points. You can use your credit card for the following reasons:

  • Booking business trip tickets
  • Paying for team and business lunches, dinners, etc.
  • Cab and travel expenses
  • Hotel stay during office travel
  • Business software and subscriptions

You can pay for these expenses conveniently via UPI through the Fibe Axis Bank Credit Card. If the expenses are on the higher side, you can convert them into budget-friendly EMIs and repay the amount conveniently.

Insurance, Home Loan Repayments, Investments, Rent

You can use your card in many places instead of paying with cash, UPI, or net banking. You can then pay the credit card bill and restore the limit. Some options are:

  • Insurance payments
  • Home loan EMIs in case the issuer allows for credit cards
  • Utility bills

Online Groceries 

Groceries and dairy products are something that everyone buys almost every day. Instead of making separate payments, making weekly or monthly payments for them through your credit card can get you more points. 

Make the Best Use of the Reward Structure Available

If you are wondering how to use credit card points, here are some common rewards programs offered on credit cards.

Balance Transfer Option

Occasionally, card issuers run balance transfer programs that may give you points for transferring the balance from one card to another.

Travel Rewards and Air Miles Conversion

Some cards also let you earn credit card points and convert them for air miles. They frequently give you a bonus when converting rewards points to air miles. 

Milestone Points

Some credit cards provide additional reward points for meeting certain spending criteria. You can generally check this through the terms and conditions document that the issuer provides. By tracking this milestone, you can earn more points on your credit card. 

There are several ways to earn more credit card points, but you should only spend what you can repay. You may want to use your credit card everywhere to earn more points, but you should also remember that if you do not pay the bills on time, your credit score can get negatively affected

Apart from points, credit cards offer a range of other benefits that help you save more. If you like cashback, the EMI conversion facility, discounts on dining, complimentary airport lounge access and fuel surcharge waivers, the Fibe Axis Bank Credit Card is ideal for you. Get it now on the Fibe App and enjoy instant approval! 

FAQs on How to Earn Credit Card Points

What is the smartest way to use credit card points?

You can use credit card reward points to pay off your card bill. Most commonly, the value of credit card points is 25 paise for 1 point. However, remember that this can vary depending on the issuer. Alternatively, you can redeem these points to get discounts on various purchases.

How to get credit points fast?

Choose the best credit card for points and see which categories of spending help you earn higher rewards, such as travel, dining or online shopping. Additionally, you can go cashless and use your credit card for daily expenses to get more reward points. That said, make sure to use your credit card wisely to avoid overburdening your monthly finances.

How much cash are 5,000 points?

The cash equivalent of reward points varies depending on the credit card and issuer you choose. For some cards, 1 point may be equivalent to ₹0.25 or more. You can check these details by contacting your issuer or checking your credit card statement.


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