If you frequently do online as well as offline (by swiping and by using EMV CHIP technology) transactions using your VISA/MasterCard credit card, then your bank may credit certain reward points into your credit card account for most of those transactions.
Above video shows how to convert all your accumulated reward points into real cash.
I am currently using MONEY BACK Credit Card of HDFC Bank. This particular card allows me to convert my reward points into real cash online.
If you’d like to convert all your accumulated reward points into real cash then you should contact your bank and ask them to give you that particular credit card which can be used for points to cash redemption.
However keep in mind that your current credit card may have some other benefit like it may give you more Air miles if you travel in airlines frequently OR it may give you 2X/3X reward points for certain type of transactions – Every card’s feature is different and you should opt for a card which suits you.
Note: The converted cash amount will be credited into your credit card account only and will reflect in your next statement. Don’t expect this amount to be credited in your savings bank account. In case of any issues or queries you should contact your bank’s credit card customer care department.