Credit card points: 5 smart ways to use 

july 7, 2025

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While it is common to use credit card points for freebies like accommodation and merchandise, credit card points can be put to use in many smarter ways. 

Many credit card companies allow you to convert your points into cashback or statement credit. You can use your points to pay credit card bills and lower your debt. 

Credit card bills

Many cards allow you to redeem points at petrol pumps like HPCL and BPCL. This is a great way to use your points as it helps you lower your monthly expenses. 

Fuel

Platforms like PayZapp (HDFC Bank) and SBI Rewardz allow you to redeem points for bill payments, DTH and mobile recharge. Use your points practically. 

Utility bills

Some credit card companies let you redeem points for paying insurance premiums. Make sure you check all the benefits offered on your card to use your points most efficiently. 

Insurance

Some banks allow you to use rewards points on IRCTC train tickets, or even flight bookings, through their travel portals. It can save you real money, so check if your card has this option. 

Travel

Most banks charge an annual fee on their premium credit cards. Some offer annual fee waivers by redeeming a fixed number of points, making your premium cards cheaper. 

Annual fee

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