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Over half of credit card holders miss out on rewards
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Redeeming your points


The study by Airmiles also revealed that of the consumers who do collect rewards through their spending, 62% prefer to redeem them for one large reward, rather than smaller incremental ones – indicating that optimum benefits are best achieved by sticking to one reward credit card that allows you to accrue significant benefits quickly.

However if you really want to reap the rewards of a credit card loyalty scheme then paying off your entire balance each month will ensure you don't accrue interest which could make your rewards less worthwhile.
Adrian Bryant of Lloyds TSB says: “As consumers we often sign up to various reward schemes in the belief that there will be enriched benefits and substantial perks, when in reality we’re spreading our spending too thinly. Instead we should be opting for one reward credit card that gives back much more for what you spend, as well as multiple ways to bump up the return and reap significant rewards quickly through purchasing life's daily essentials.” 


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