Once you have earned enough reward points from using your MasterCard, you can cash those points in to lower your credit card balance. Redeeming points for a statement credit or cash back that can be applied to your balance will lower your bill and help meet your monthly obligation while increasing your spending power.
You've used your MasterCard for everyday purchases, and you've earned reward points that you are ready to redeem. One of the options you have is to redeem your MasterCard reward points to pay your credit card bill. How do you use your points to pay your bill with MasterCard? You can get assistance from MasterCard customer service here, and you can read on to learn how to turn points into bill payments.
Your MasterCard was not issued directly by MasterCard; rather, it was issued by a bank, credit union or retailer that partners with MasterCard to provide lines of credit. MasterCard is a payment processing network and does not issue cards directly. Because of this, reward programs are often determined by the financial institution that issued your MasterCard.
There are a couple of ways to redeem your MasterCard points to pay your bill: as a statement credit or for cash back.
To use your MasterCard points as a statement credit, follow the steps discussed below:
Another way to use your MasterCard reward points to pay your bill is to redeem them for cash back. To use points this way, follow these steps:
Remember, when using your MasterCard reward points, you want to get the most out of your rewards. Redeeming points for a statement credit can reduce your overall debt and help you meet your monthly bill, but statement credits usually don't give full value for points redeemed. For more information, call MasterCard customer service here.
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