New Delhi, June 22 -- Credit card rewards often feel like a long-term benefit, but their value can change without much notice. From reduced reward rates to tighter redemption rules, cardholders may find that the points they have accumulated do not deliver the same value over time. Understanding credit card devaluation and taking timely action can help consumers maximise their benefits.

Raj P Narayanam, Executive Chairman, Zaggle, explains this, saying, "Credit card devaluation happens quietly, reduced earn rates, capped cashback, shrinking redemption catalogues. Cardholders should redeem points regularly rather than hoarding them, read every issuer communication carefully and audit their card annually. If the benefits no longer justify t...