The Mastercard reward points redemption process depends on the card. But keep in mind that rewards points are offered by the credit card issuers, not by Mastercard or any other network. So, cardholders will need to follow the instructions for their specific card issuer’s rewards program. Most of the time, it’s possible to redeem points through the cardholder’s online account, mobile app, or through a dedicated rewards website run by the issuer. It’s also often possible to redeem points over the phone.
How to Redeem Mastercard Points Online
- Log in to your online account with your user ID and password.
- Find the accounts page and click the rewards tab.
- Select your redemption option.
- Redeem your rewards.
Typically, you can redeem Mastercard reward points for a variety of different things, like cash back/statement credits, travel, gift cards, merchandise, charitable donations, exclusive experiences and more. However, some issuers’ redemption options are more limited than others.
More info regarding Mastercard reward points
It’s important to keep in mind that the value of your points may depend on the redemption option. For example, you might get 1 cent per point toward travel but 0.5 cents per point toward cash back, or vice versa, depending on the card. So if you want to maximize your rewards, you should redeem Mastercard reward points for the options that give you the highest value per point.
It’s also a good idea to redeem often. Issuers have the power to devalue points (make them worth less) at any time, and some points expire after a certain amount of time.