How to redeem credit card points for online shopping
Quick insights
- Some rewards programs may allow you to redeem your points for a statement credit, which can provide a way to offset the cost of your online purchase at the time you pay your card balance.
- Many retailers allow you to apply your rewards directly to your cart, enabling you to pay part or all of your purchase with points.
- Eligible cardmembers can use Chase Pay Over Time® to help break up the cost of a large online order.
You can redeem your credit card points for a statement credit when making online purchases. Let’s dive in.
Three ways to fund your online purchases
There are three common ways to redeem credit card points for online shopping. A flexible option is a statement credit. This method allows you to shop normally and apply your points to a specific, eligible purchase; finally, a statement credit will be posted to your card account. Please note that not all rewards programs agreements allow to do this.
Another option involves a direct integration at the virtual register. Some cards partner with specific online storefronts, so you can apply your points to pay your items with cash and points.
A third option is trading your points for gift cards to a specific retailer before you browse their website. Many rewards programs feature a dedicated portal where you can select electronic cards for specific stores. This option sometimes yields a higher return on your points if your card offers a promotional discount on the gift card. A quick review of your cardmember benefits guide can help you choose the right approach for your budget.
Alternative methods for rewards redemption
Beyond statement credits and using points at checkout, many cards offer other ways to use your rewards.
- Direct shopping portals: Many credit cards operate their own storefronts where you can buy merchandise directly with points. They may offer exclusive deals on certain items.
- Cashback shopping websites: Some banks and third-party platforms give you extra points or cash back when you start your shopping through their portal. These bonus rewards can later be used for gift cards, purchases or statement credits. Please note that these platforms may not be directly affiliated with your credit card.
Using Chase Pay Over Time for purchases
Eligible cardmembers can use Chase Pay Over Time to help break up the cost of a large online order right at checkout on Amazon.com or after the purchase is made. Add your card to your Amazon.com wallet on chase.com or use your card online with a retailer. This feature may allow you to pay off a new appliance or wardrobe providing flexibility with a budget-friendly plan that works for you.
Tips for using rewards for online purchases
Consider these steps to protect your finances at the virtual checkout counter:
- Reviewing the conversion rate: Some programs alter the value of your points based on the payout method you select, so a review before checkout can be helpful.
- Watching for expiration dates: Understanding the program rules may help prevent a dormant account from erasing points after a period of inactivity.
- Comparing offers: Different platforms can feature varying payout rates for the same retailer.
You may want to make sure you make secure online purchases by purchasing at reliable portals. What's more, it is a good idea to monitor for suspicious activity by reviewing bank statements can help you spot unauthorized charges.
The bottom line
Knowing your rewards program redemption options can be helpful to maximize your card benefits.
