Aussies keen on credit card travel rewards
Australians are particularly keen to derive travel benefits from their credit card reward programs, new research shows.
A Galaxy survey, which was commissioned by American Express, found that about 1.4 million Aussies have used card reward points to help pay for their summer holiday, National Features reported.
In addition, it was shown that 42 per cent of people hold a credit card that offers travel rewards, with the average person accumulating 50,000 points a year.
"Travel is the thing that people are most interested in redeeming their points on," commented Donna Cooper, vice-president of consumer products for American Express.
According to the National Features report, which was presented in the Herald Sun, Ms Cooper also urged consumers to compare credit cards in order to get the most from their reward programs.
Indeed, it was suggested that cards should reward shoppers in areas where they spend most of their money and that consumers should look at additional factors like whether reward points are capped each month.
This article is brought to you by Mozo – Helping you compare credit cards