What should I do with my points?
In this situation, points are use-it-or-lose-it. That means if you cancel your card while you still have points, you’ll lose all of your rewards.
Here are a few options to consider for your points before closing your card:
- Use Pay with Points. This basically means you’ll use your points to pay down your credit card balance. It’s a perfectly fine option, giving you a 1-cent-per-point rate. The problem is, you won’t get the highest rate possible.
- Transfer your points. If your card lets you transfer your points to airline or hotel partners, consider this route. Think about what you’re likely to book with before transferring, or you could leave your points marooned in a program you’ll never end up using. Alternatively, you can transfer your points to an eligible Chase Ultimate Rewards card.
- Open an eligible card that lets you keep your points active. If you get a second credit card from the same bank, for example, your points might stay active. This could be a good route if you currently have an annual-fee card and want to pay no annual fee.
I haven’t received the credit card yet, upon waiting I read lots of bad reviewed and no longer want the card, how do I go about cancelling it
Hi Elizabeth,
Thanks for your comment. I’m sorry to hear you haven’t received your credit card yet. Have you checked with the bank if your address is correct? To know the process of cancelling your credit card, choose from the list of banks stated above and click the name, the link will bring you to another page showing the process of cancelling the card. If your bank is not on the list, please contact your bank directly.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki