Credit cards, Sept. 9 -- When you use a credit card frequently to make payments, it is common to accumulate plenty of reward points. These reward points can be redeemed for various purposes, including booking flight tickets, hotel stays, or purchasing gift cards.

Although different credit cards have different rules governing their point systems, here is a lowdown on the different ways to encash reward points.

I. Travel purposes: Reward points can be used to book flights or hotels through the program's travel portal or partners.

II. Convert to Cash: Some credit card programs allow you to convert reward points into cash as a direct deposit to your bank account or as a credit to offset your card balance.

For example, HDFC Bank MoneyBack+...