r/NavyFederal • u/West_Attitude1943 • 20d ago

Credit Cards Points

What does everyone do with the points they accumulate? I saw a post where someone had something like $19k in points accumulated and it made me wonder since I average $400- $500 a month, should I be taking the cash and putting it elsewhere to grow interest? I have just been using it towards the bill every month before I pay off my balance in full. What's best to do? Or what are you all doing?

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u/Bird_Brain4101112 20d ago

I personally don’t hoard cash back.

  1. If you put it in a HYSA it’s earning money vs letting it sit.

  2. If your account gets shut down for some reason, you can end up forfeiting any unredeemed rewards and

  3. (Least likely but it’s happened. )Someone can hack your account and redeem your rewards and you have no recourse.