Buying — Gift Cards With Credit Card Rewards

The value you get for your rewards varies significantly based on how you redeem them:

While usually equal, some cards (like Citi Rewards+ ) offer better value for gift cards (1 cent) than for direct cash back (0.5 cents). Best Cards for Gift Card Redemptions Bank of America Customized Cash Rewards Credit Card buying gift cards with credit card rewards

Issuers like Chase frequently offer 10% discounts on gift cards for brands like Macy's and Panera Bread, making points worth roughly 1.1 cents each. The value you get for your rewards varies

Travel redemptions often yield 1.25 to 2.0 cents per point , making gift cards a less efficient use of points for frequent travelers. buying gift cards with credit card rewards