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Credit card reward redemption works a little differently for every issuer. But generally, you can redeem your rewards online or by calling your issuers customer service. Depending on your card, you may be able to redeem for travel, statement credits, paper checks, gift cards, merchandise and more.
Many card issuers will allow you to redeem your cash back with a statement credit, a direct deposit to your bank account or a check payable to you. Some issuers also offer redemption options like gift cards, tickets to concerts and sporting events or even charitable donations.
You can: Receive a statement credit. The cash back gets applied to your credit cards balance. Request a check. The issuer sends you a check for your cash back rewards. Transfer rewards to a bank account. The rewards are electronically transferred into a linked bank account. Use your cash rewards as rewards points.
With most points rewards cards, you earn points by making specific purchases using your card. Issuers typically offer different points rates for different types of purchases. So, you might be able to earn more points per dollar on travel, dining, groceries or other purchase categories.
On the card issuers website, there will typically be a redemption portal where you can see what youve earned and choose how you want to redeem it. You should also find information about your rewards structure, which will be helpful to know before you redeem your cash back.

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EARN UNCAPPED ANZ REWARD POINTS ANZ Reward Points you will earn on eligible purchases: 1 Reward Point per $1 spent on eligible purchases up to and including $1,000 per statement period. 0.5 Reward Points per $1 spent on eligible purchases above $1,000 per statement period. OPTIONS TO REDEEM YOUR ANZ REWARD POINTS.
This means youll turn your cash back rewards into a credit that appears on your credit card statement. For example, say you have $20 in cash back. When you redeem it for statement credit, youll see a $20 credit added to your credit card transactions. If you have a balance, this will reduce your balance by $20.
You can check your Reward Points by visiting anzrewards.com and registering to view your Reward Points online, or alternatively call the ANZ Rewards Centre on 1300 367 763, Monday to Friday from 8am to 8pm AEST.

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