Year-End Checklist: Utilizing Expiring Credit Card Benefits Before 2025
PHOTO BY IVAN SAMKOV ON PEXELS
As 2024 comes to a close, many cardholders might overlook valuable benefits about to expire. Maximizing these perks can lead to significant savings and enhance your experience.
Whether it’s travel rewards, cashback deals, or bonus points, using these benefits before they vanish can make a real difference in their financial planning.
Redeem Expiring Rewards
Many credit cards offer rewards that expire if not used in a certain timeframe. It’s essential for cardholders to check expiration dates to maximize their benefits.
Here are some steps to redeem those rewards:
- Prioritize Value
Focus on rewards that provide the most value, such as travel points or cash back. - Transfer Options
Some credit cards allow transferring points to partner programs. This can extend the value of rewards. - Use Bonus Offers
Look for limited-time offers that require a few more points.
By actively managing rewards, cardholders can ensure they don’t leave any benefits unclaimed.
Check the post below for some example of benefits and rewards:
Use Annual Credits
Many credit cards offer annual credits that can expire if not used. This can include travel credits, shopping allowances, or dining benefits. It’s important to check each card’s benefits and terms.
To maximize these credits before they expire, one can:
- Plan ahead: Review the calendar and determine when you’ll need to make qualifying purchases.
- Combine credits: Use multiple cards for different types of purchases to maximize benefits.
By using these credits wisely, a substantial amount can be saved while enjoying the perks associated with different credit cards.
See the video below on how you can use your credit card points:
Claim Eligible Insurance or Protections
Many credit cards offer valuable insurance benefits that may expire soon. It’s essential to check which protections are available.
Types of coverage:
- Travel Insurance: Covers trip cancellations or delays.
- Rental Car Insurance: Protects against damage to rental vehicles.
- Purchase Protection: Offers refund or repair for damaged goods.
Before the benefits expire, ensure claims are filed for eligible incidents. Review the terms for specific requirements.
Here’s how you can take advantage of insurances and protections that come with a credit card:
Jodie Price
Hi, my name is Jodie Price and I have been a flight attendant for the past four years. Before that, I was a teacher at a local school. During my summer vacations from teaching, I loved to jet off on an exciting adventure whenever I could.But the flights stressed me and my friends out so much that we almost stopped vacationing altogether. Would another form of transportation be easier?
