Hold onto your wallets, reward hoarders! A whopping $34 billion worth of unused credit card points are sitting idle, and their value is getting squeezed.
The Points Are Losing Their Punch
It’s not just you feeling the pinch of inflation. The value of your credit card points is shrinking too. What used to buy you a fancy dinner might now only get you a pizza. Airlines and hotels are also making it harder to redeem points by changing their reward systems.
The Big Banks Aren’t Helping
While credit card companies are offering bigger sign-up bonuses, they’re not increasing the value of your points. This means your hard-earned points are worth less than they used to be.
What Can You Do?
The best advice? Don’t hoard your points! Use them before they lose even more value. Consider redeeming them for travel, merchandise, or even cash back. You might be surprised at how much you can still get.
