Why I'm saving up my credit card rewards to use for holiday gifts - Business Insider

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Why I'm saving up my credit card rewards to use for holiday gifts - Business Insider
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I've loved using credit card rewards to save money during quarantine, but now I'm stockpiling miles and cash back to use for holiday expenses

DetailsSign-Up Bonus: Earn 50,000 Bonus Miles once you spend $3,000 on purchases within the first 3 months from account openingIncludes up to a $100 statement credit for Global Entry or TSA PreCheckHow I'll redeem my cash back and miles for presents

When December rolls around, and I step into full-on gift-buying mode, I anticipate having at least $50 in cash back to put toward presents. Depending on what's available, I might redeem my rewards for a gift card to a restaurant where my family likes to dine. That's not the only possibility. As it's been a hard year for pretty much everyone, I might donate my cash-back rewards to charity. Many, and if there's an organization that speaks to me, I might go this route.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service.

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