We have some credit cards with rewards, and we have some that we could redeem. I haven’t done it yet – I was thinking of doing it as a celebratory measure once our credit card debt was paid off. But this article at Yahoo Finance made me wonder if we should cash out while the gettin’ is somewhat still good.
Citibank’s move is just the latest in a flurry of reward program cutbacks. Nearly every major issuer has altered their reward offerings over the past year in some way: attaching more strings to membership, limiting cardholders’ earning ability, scaling back reward offerings or inflating redemption levels.
We don’t have too much that we can redeem for. We have used our cards quite a bit, but some of them were used before a reward system was in place. But anything back from our credit cards is better than nothing so I’ll be doing some rewards shopping this weekend.