From flight upgrades to everyday discounts, Australians are reward-points “obsessed”, according to new research by Finder.
A Finder survey of 1005 respondents – 744 of whom collect rewards points – reveals more than two in three (70%) have cashed them in over the past year.
The research shows almost half of those who collect rewards points (48%) used them to save money off their everyday expenses.
More than one in 10 (13%) cashed them in on flight rewards seats, while 10% opted for money off of consumer goods such as household appliances and clothing.
Stays in hotels (8%), points plus pay for flights (9%) and flight seat upgrades (5%) rounded out the top ways Australians redeemed their hard earned points in the last 12 months.
Sarah Megginson, personal finance expert at Finder, says Australians love getting rewarded for their spending.
“Australians are increasingly savvy with their points, using them to offset day-to-day costs like groceries and fuel, which can be a smart way to stretch the household budget,” she says.
Finder’s research also shows 30% of points collectors haven’t redeemed any of their rewards in the past year.
“Consumers are looking for ways to make their money stretch further, especially with rising living costs,” says Ms Megginson.
“Many don’t realise you can use your rewards points for a range of redemptions, not just flights.
“Even small rewards can add up – whether it’s a few dollars off a grocery store bill, $10 off a burrito or a free movie ticket.”
