A rewards catalog is a listing of merchandise that you can buy using rewards points earned through a retailer’s loyalty program or a credit card issuer’s rewards program. The selection of goods available from a rewards catalog will vary by rewards program, but popular options include clothing, electronics and gift cards.
Stores, resorts, brands, restaurants, and credit card issuers often have their own rewards points, which consumers can earn by making purchases – at certain stores, in certain categories, or just spending overall. Many have online “shopping malls” that serve as rewards catalogs, where you can see what your rewards can get you and how many rewards units each item will cost.
Often, you won’t get a great return by using a rewards catalog. A lot of credit card issuers will make your points worth less when redeeming for merchandise than when redeeming for something like travel or cash back. And they may also mark up the prices of items in their rewards catalog compared to the prices you’d find in stores.
So make sure you’re aware of the value you’re getting before spending your points. You may be better off getting a cash reward and using that cash to buy the same item or a similar one.
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