How much do you have built up in CC points/rewards?

Racking up CC points for the sake of the points is like sticking cash I’m under the mattress.

If you got ‘em, spend em. You cant do much else with them and prices generally only move in one direction.

I use them on occasion to offsite flight costs. Traveling with a family of five gets expensive quick. I think I have about 900k. Planning an all out cash burn trip to Disney in a couple of the years so probably will use most if not all points then.

If it's cash back you're just giving them a interest free loan.

Cash it out and put it savings or respend it.

If Cash back it's always better to deposit to your account if possible instead of a statement credit.

Let's say you spend 100 and get 5% back (5 dollars).

If you credit statement it's only worth 5 dollars, but if you direct deposit it and spend it again it's worth 5 dollars plus another 5% of 5 dollars. So $5.25.

$3.50

Down to about 400k, used points for our annual Christmas trip (Gatlinburg this year).

Will be wiping them out over the summer to bring the kids to Disney. Right now, on pace to get our flights, hotel, and park tickets for 6 days paid for through points.

I just used my airline credit card points (both American and Delta) to book 2 sets of airline tickets for traveling this summer for free.

I've never racked them up before.

We get a check from Costco for about $800/yr in cashback points for the Costco card.

My wife has a TJ Maxx card that she uses for points. I don't have a clue about it at all other than sure feels it is better than the Costco visa.

I hold my Discover cash back for when Amazon does 20-30% with points, other than that most get cashed out automatically as a bill credit.

It depends on which card.

Generally, redeeming points for travel through the Chase/Amex portal is high value. Redeeming points for retail items is nearly without question, the absolute worst redemption value available. Redeem for 3 nights in an $800 a night hotel, or get a $200 ladder, your choice

One Visa card is set for a statement credit every time cash back builds to $25.

Discover, I keep a few hundred in cashback balance to trade in for Lands End gift cards as needed. They give you a little extra, like spend $90 in cashback and get a $100 e-card.

One Visa, I have let cashback build to about $1,800. It’s dumb because I earn no interest on the cashback sitting there, but I’m saving it to apply to the balance after a vacation later this year, to take some sting out of that big bill. Financially dumb perhaps, but it’s a psychological benefit.