How does Visa rewards points redemption work?

There are hundreds of Visa credit cards with rewards points, which individual credit card issuers give cardholders for making purchases and reaching certain milestones, but Visa does not have its own rewards points. Rewards are the responsibility of the banks and credit unions that issue credit cards, and Visa is not a credit card issuer.... read full answer

Visa still provides plenty of perks, just not points, miles or cash back for making credit card purchases. Cardholders can claim special Visa offers for savings on travel and shopping, for instance. Visa also is responsible for secondary credit card benefits such as rental car insurance, extended warranty protection, travel insurance and more.

When it comes to rewards points credit cards on the Visa network, the points that you can earn are worth about 1 cent each, on average. The exact value varies by rewards program and depends on what you redeem the points for. Typically, you can spend your Visa card’s rewards points for travel, merchandise through an issuer’s online shopping portal, cash, gift cards, charity donations and more. In some cases, Visa rewards points may be worth more with some redemption methods than others.

You can earn rewards points by making purchases with the right Visa credit card as well as by meeting the spending requirements for a bonus, referring a friend and more, depending on the card.

The best way to use credit card points is for travel purchases, according to a WalletHub research. That’s because issuers usually offer the best value on this particular category. But that’s not a rule across the board. The best way to use credit card points will vary depending on what ... read full answercredit card you have. Your points could be worth just as much (or even more) in cash back or gift cards. So, it’s a good idea to check the value of all the redemption methods before you redeem your points.

The best way to find out what your points are worth is to log into your credit card account online. Then, look for a rewards redemption section, and see how many points are needed for merchandise, cash back, gift cards, and travel. Then, find out how much you’d pay for those things outside of the redemption portal and do a points-to-dollars comparison. For example, if 100 points gets you 75 cents of a gift card, or $1 in plane tickets, you should go with the plane ticket.

There isn’t a single Visa rewards points catalog for all Visa credit cards. When you earn rewards points, miles, or cash back on a Visa credit card, Visa (the card network) isn’t responsible for how you use those rewards. Instead, Visa credit card rewards can be redeemed through each credit card’s issuer.... read full answer

Visa does, however, offer a range of perks to its cardholders that could be considered rewards. Some of the most basic are car rental insurance and a $0 liability guarantee. Visa also offers cardholders discounts for some hotel reservations and merchandise from various retailers via the Visa Offers & Perks page. Some of the Visa discount offerings include Green Chef, Lenovo, Hertz, Grand Hyatt Vail, and many others. You could call these rewards, but they’re better defined as “perks.”

To see what other perks and discounts your Visa card is eligible for, log into your credit card account on your card issuer’s website and find the perks or benefits section. Or, you can call your credit card’s customer service number.