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Reasons for Losing Credit Card Rewards!

credit cards

The collection of points and rewards companies Travel credit cards are very common nowadays. There are people who have been collecting points and haven't paid for their trip for years.

Most people regard rewards as their property, but the terms and conditions of many programs, clearly state that they belong to the issuing company. It thus reserves any right to seize them, if specifically infringed rules.

credit cards

We will then look at the reasons why credit card companies often withdraw their rewards.

  • You are not consistent in repaying your credit cards.

Card companies can offer you points, miles and cash for your own expenses. Some of these packages however, they include clauses that can lead to points being lost. One such company is also American Express. If the monthly payment is not paid by the due date, then the customer's rewards are often canceled.

  • You missed your credit card payment deadline and haven't paid for it right away.

Very often even if you did not pay it back card it's time to do it as soon as possible. Some companies withdraw customer points if the payout exceeds 60 days.

  • You do not use your card.

Many credit card issuers are closing accounts due to inactivity instead of having to bear the cost of maintaining them. Usually, this happens on credit cards that have no annual fee. When your card account is closed, you are likely to lose the points or miles you have earned in a credit card loyalty program.

credit cards

  • Sell ​​to your other points.

Although there is nothing illegal in this process, they are nevertheless against the terms and conditions of credit card rewards programs.

  • Provide the privileges given to others.

In addition to point sales, companies prohibit sales of upgrading certificates. These are what give the customer the opportunity to upgrade their position in flight.

  • You are taking advantage of the system.

Such is almost any behavior that benefits them consumers but it doesn't offer the card companies enough profit. Remember that there are companies on terms that prohibit gambling and card abuse.

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