CREDIT CARDS WITH REWARDS - WHAT'S THE CATCH?

GIFT VOUCHERS TO MAKE LOVED ONES SMILE

It is normal to feel a bit down when we are unable to buy gifts and presents for loved ones because cash is bit tight, but hey, why not get them gift vouchers? They could make amazing gifts for those, particularly picky family members.

SAVE UP ON ANNUAL FEES

In the case where none of the above really apply to you and you would just rather chill alone, curled up with a good book and a warm holiday drink, it is still possible for you to optimise the holiday cheer by redeeming those accumulated reward points and using them to renew your credit card. When you do this, you end up saving money you didn't expect to save.

A CHANCE TO GIVE BACK

Well, it is the season to be generous, isn't it? Giving back is one thing that usually brings a lot of joy to the giver. For those of us feeling quite generous, the majority of card issuers will allow you donate your reward points to non-profit organizations and also to charities as a way of giving back to society. It also just so happens that donations like that, are eligible for tax deductions, so come on, it's a total win.