Skip to main content
No. of Recommendations: 2
Actually, I take that back. The most common - certainly the most heavily promoted - option is to use the rewards at a retailer to spend more money. Personally, I find that too complicated, although it can work for others. I like to Keep It Simple wherever possible.

Which means it all depends on the person. I try to maximize the value of the rewards but that requires that it isn't difficult and the reward form is useful. I do use the rewards on one card to purchase restaurant gift cards. It gives a 25% bonus and is for a restaurant where we frequently meet friends for lunch. All other rewards are claimed as account credit or checking account deposit.

(My husband wasn't watching the rewards for his mothers credit card. The rewards were over $500. The rewards have been deposited to her checking account.)

The checking account may not need to be with them.

It does.

I have rewards go to the checking account from which the credit card it paid. It is an outside bank account.

Your cards work differently.

Which is why I said it may not. It depends on the credit card issuer.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.