Macy's Credit Card rewards will expire if you close your account or don't make a qualifying purchase for 12 consecutive months. You will also forfeit any unredeemed rewards if you or Department Stores National Bank closes your Macy's Credit Card account for any reason.
Because Macy's Credit Card rewards will eventually expire, it’s a good idea to redeem them as often as possible so you don’t lose them.
Macy’s points are worth 1 cent each, on average. For example, 10,000 Macy’s points have a dollar value of roughly $100. As a result, Macy’s points are less valuable than the average department store’s rewards points, which are valued at 1.72 cents each.
The easiest way to calculate the value of a retailer’s rewards points for any redemption method is to determine the dollar value of what you’re redeeming for, minus any taxes and fees...
You can redeem your credit card rewards online, through the issuer’s mobile app, or over the phone, depending on the card. The most common credit card rewards redemption options include cash back, travel purchases, and gift cards.
Once you redeem your credit card rewards, they’ll be subtracted from your rewards balance immediately. If you wish to redeem your rewards for a statement credit, it will generally be credited to your account within 2-3...
You can calculate reward point values by dividing the dollar value of what you redeem points for by the number of points required to get that product or service. This will leave you with the value of a single reward point. For example, if a $500 plane ticket costs 40,000 points, that means each point is worth 1.25 cents when redeemed for airfare.
Cost of Item in Dollars / Cost in Points = Value...
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