Credit card reward points are a great way to earn value back on your everyday spending. From shopping and travel to fuel and dining, using your credit card can help you accumulate points that can be redeemed for exciting rewards. But here’s a question many cardholders often overlook:
Do credit card reward points expire?
The answer is yes, in most cases, credit card reward points do expire, and failing to use them on time can mean losing out on hard-earned benefits.
In this article, we explain how credit card reward points work, why they expire, how to check their validity, and how to make the most of them.
What Are Credit Card Reward Points?
Credit card reward points are part of a loyalty program offered by banks and financial institutions. Every time you use your credit card to make eligible purchases, you earn a certain number of points based on the amount spent.
For example:
- ₹100 spent = 1 to 5 reward points (depending on the card type)
- Some categories like online shopping or travel may offer bonus points
These reward points can be redeemed for:
- Merchandise (gadgets, home appliances, etc.)
- Gift vouchers
- Travel bookings
- Cashback
- Statement credits
However, while earning is easy, redeeming them before they expire is crucial.
Do Credit Card Reward Points Expire?
Yes, in most cases, credit card reward points come with an expiry date. This period typically ranges from 2 to 3 years from the date the points are earned.
For instance:
- HDFC Bank: Most points expire after 2 years
- SBI Card: Reward points are valid for 24 months
- ICICI Bank: Points may be valid for 3 years, depending on the card
- Axis Bank: Reward points expire after 3 years
Some premium credit cards, however, may offer non-expiring points as a benefit. Always check the terms and conditions specific to your card.
Why Do Reward Points Expire?
There are a few reasons banks impose an expiry period on reward points:
- Encourages Regular Usage: Banks want cardholders to engage with the card consistently.
- Limits Liability: Long-term unused points represent a financial liability for the bank.
- Incentivizes Redemption: Expiry motivates users to redeem their points instead of hoarding them.
How to Check If Your Points Are About to Expire
Most banks provide easy access to reward point information through:
- Monthly statements
- Online banking portal
- Mobile banking apps
- Customer care services
Some banks also send reminders when your points are close to expiry, so you don’t miss out.
Pro Tip:
Log in to your net banking or app at least once a month to check your points balance and expiry status.
What Happens If Reward Points Expire?
If you don’t use your points within the validity period:
- They expire automatically
- You cannot recover them
- You miss out on potential benefits (sometimes worth thousands of rupees)
There is no refund or reissuance of expired reward points.
How to Maximize the Use of Your Reward Points
1. Set Calendar Reminders
Set a reminder every quarter to check and redeem your points.
2. Opt for Auto-Redemption (If Available)
Some cards allow you to convert points automatically into cashback or vouchers.
3. Redeem Smartly
Choose high-value items like flight tickets, hotel bookings, or fuel vouchers for better conversion rates.
4. Use Bank’s Rewards Portal
Many banks offer exclusive deals on their reward platforms. Always explore those before redeeming.
Are There Cards With No Expiry Points?
Yes, certain lifetime free or premium credit cards offer non-expiring reward points as a unique feature. These are usually high-end cards with:
- Annual fees
- High credit limits
- Benefits like lounge access, concierge services, etc.
Always verify this benefit when applying for a new card.
Final Thoughts
Yes, credit card reward points do expire, unless stated otherwise by your card issuer. To ensure you don’t lose the value of your spending, track your reward balance regularly and redeem your points before they lapse.
A small habit of checking your rewards can help you enjoy better value, free gifts, travel savings, and more. Don’t let your points go to waste-make your credit card work harder for you.