Why You Should Redeem Cash-Back Rewards Often

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Why You Should Redeem
Cash-Back Rewards Often
A cash-back credit card can be a good way to put
money in your pocket while spending on things you
normally would buy, such as groceries or gas.
They allow cardholders to earn a certain
percentage on purchases and redeem those
earnings, usually as cash, gift cards or
statement credits.
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With cash-back rewards specifically, rather than
cash out earnings,
Although some credit card companies offer
customers incentives for waiting to redeem
earnings until they accumulate a certain amount, 
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You risk losing your rewards or having them
decline in value.
As a result, the value of your rewards can drop.
If youre delinquent on your account and it is
closed as a result, youll lose your rewards. 
And companies often have expiration dates on
redeeming rewards. Or you could lose all of your
rewards if a company ceases operations.
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You could be using your rewards to pay off your
card balance.
You could be banking rewards to pay for a big
purchase. But youre really not saving any money
if your card balance (and the interest youre
paying on it) is growing each month.
 Some card companies allow you to redeem your
rewards for statement credits, which you can use
to reduce your balance. If your program doesnt
offer statement credits, simply have the cash
deposited in your checking account, then use it
to help pay your credit card bill,
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You could be using rewards to make purchases. 
Again, maybe youre saving up your rewards to get
something big. But what difference does it make
to your bottom line if you save 500 on, say, a
computer or 500 over several months on regular
trips to the supermarket. You could be redeeming
cash-back earnings regularly to purchase things
you need.
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