How to make the most of credit cards' reward points

Credit cards are now a common instrument used by most urban Indians and there are several benefits of using them. One aspect is the reward points that come along with the expenses made on the card and these can be used effectively to get additional gains. However, there can also be a loss of opportunity if the benefit is not taken properly.

Reward points
There are reward points available on the use of a credit card. The conditions are different for each card.

For example, there might be two points available for every Rs 100 spent on a card given by one bank, while some other bank might give only one point for every Rs 100 spent. This would determine the extent and manner of the accumulation of points.