However, as a last word of warning, one must add that all these redemption points come with an expiry date. All the points accumulated with the card swiping will go waste if your points expire. Hence, while filling up the redemption coupon, be sure to check the expiry date.

However, this practise of expiry date might soon be a thing of the past as most of the banks have already started doing away with the expiry period.

Which so many schemes and redemption points being offered by banks, the consumer really is king. However, by keeping vigil and by shopping intelligently, every consumer can utilise the redemption points to its best possible use. So, go on, swipe and get rewards!