Do you have a Truist credit card and find yourself wondering, "How much are my Truist Rewards points really worth?" You're not alone! Many cardholders accumulate points, but the true value often lies in understanding the redemption options and maximizing their potential. This comprehensive guide will walk you through everything you need to know about Truist Rewards points, from their baseline value to how to unlock their highest potential.
Understanding Your Truist Rewards Points: A Step-by-Step Guide
Let's dive into the exciting world of Truist Rewards! To truly appreciate the value of your points, it's essential to understand the different factors that influence their worth and how you can strategically redeem them.
Step 1: Discover Your Baseline Point Value – Where Do I Stand?
Before we talk about maximizing value, let's establish the fundamental worth of your Truist Rewards points. Generally, most Truist Rewards points are worth 1 cent per point when redeemed for most options. This is your standard, straightforward value. For example:
- 1,000 points = $10 in value
- 10,000 points = $100 in value
This applies to common redemption options like:
- Cash back: This is a popular and straightforward option. You can typically redeem your points for a statement credit to your credit card or an electronic deposit to an eligible Truist checking, savings, or money market account.
- Gift Cards: Truist offers a variety of gift cards to popular merchants. While convenient, the value is often fixed at 1 cent per point.
- Merchandise: You can often find a catalog of merchandise available for redemption. Again, the value here usually aligns with the 1 cent per point standard.
So, if you're just looking for a simple, no-fuss redemption, you can count on that 1 cent per point baseline. But we can do better!
Step 2: Unlocking Enhanced Value – The Power of Loyalty Bonuses!
This is where the true potential of your Truist Rewards points shines! Truist offers a significant Loyalty Bonus for cardholders who also have qualifying deposit or investment accounts with the bank. This bonus can substantially increase the value of your points, especially when redeemed for travel or cash back.
Sub-heading: How Loyalty Bonuses Work
The percentage of your loyalty bonus depends on your eligible Truist deposit and/or investment account balances. Here's a general breakdown of how these bonuses can elevate your point value:
- 10% Loyalty Bonus: For eligible balances under a certain threshold (e.g., less than $25,000). This would increase your point value to 1.1 cents per point.
- 25% Loyalty Bonus: For eligible balances within a mid-tier range (e.g., $25,000 to $99,999.99). This brings your point value up to 1.25 cents per point.
- 50% Loyalty Bonus (and potentially higher): For eligible balances of $100,000 or more, or for those with Premier Banking relationships. This is the sweet spot, boosting your point value to 1.5 cents per point! In some cases, for specific premier products like the Truist Wealth Credit Card, you might even see a 75% Loyalty Cash Bonus, making your points worth 1.75 cents each when redeemed to an eligible Truist deposit account.
Imagine! Your 10,000 points, initially worth $100, could be worth $150 or even $175 with a significant Loyalty Bonus! This is a game-changer for maximizing your rewards.
Sub-heading: Eligible Account Types for Loyalty Bonuses
QuickTip: Don’t just scroll — process what you see.
To qualify for these loyalty bonuses, you'll typically need to have certain Truist accounts, such as:
- Truist Dimension Checking account
- Signature Advantage Checking account
- Truist One Checking with Level Premier
- Truist Business Checking, Savings, or Money Market accounts (for business credit cards)
It's crucial to check the specific terms and conditions of your Truist credit card and your associated Truist accounts to confirm eligibility and the exact bonus tiers.
Step 3: Strategic Redemption Options – Beyond the Basics
While cash back and gift cards are simple, let's explore other redemption avenues and how the loyalty bonus impacts them.
Sub-heading: Travel Redemptions
For many Truist credit cards, especially travel-focused ones like the Truist Enjoy Travel Credit Card, redeeming for travel can be particularly rewarding. When you redeem for travel through the Truist rewards program portal, your Loyalty Travel Bonus applies, allowing you to get up to 1.5 cents per point.
- Airline Tickets: Use your points to book flights with various airlines.
- Hotel Stays: Cover the cost of your accommodation.
- Car Rentals: Redeem points for car rentals.
- Event Tickets: Some programs also allow redemption for event tickets.
Always compare the point value you're getting for travel bookings against the cash price to ensure you're getting a good deal.
Sub-heading: Statement Credits vs. Electronic Deposits
When opting for cash back, you usually have two choices: a statement credit to your credit card or an electronic deposit to a Truist deposit account. While both offer cash value, the Loyalty Cash Bonus is specifically applied when you redeem your cash rewards directly into an eligible Truist personal checking, personal savings, or personal money market account. So, if your goal is to maximize the cash value of your points, depositing them into a qualifying Truist account is the way to go.
Step 4: Keeping Track and Redeeming Your Points
Now that you understand the value, how do you manage and redeem your points?
Tip: Keep the flow, don’t jump randomly.
Sub-heading: Monitoring Your Rewards Balance
- Online Banking: The easiest way to check your Truist Rewards points balance is through Truist Online Banking at Truist.com.
- Mobile Banking App: The Truist Mobile Banking App also provides a convenient way to view your rewards.
- Rewards Service Center: You can call the Truist Rewards Service Center for balance inquiries and assistance. The number is typically 800-255-7125.
Most eligible purchases will post to your Rewards Account within 48 hours, though some may take up to 8 weeks.
Sub-heading: Initiating a Redemption
Redeeming your points is a straightforward process:
- Log in to Truist Online Banking or the Truist Mobile Banking App.
- Navigate to the Rewards section. This is usually found under your credit card details or a dedicated "Rewards" tab.
- Choose your desired redemption option. Select from cash back, gift cards, merchandise, travel, etc.
- Follow the prompts to complete the redemption. Be sure to select the option that maximizes your point value, especially if you qualify for loyalty bonuses.
Keep in mind that there might be a minimum redemption threshold (e.g., 2,500 points) for certain options like statement credits or electronic deposits. Also, calling the Rewards Service Center for redemption might incur a fee, so online redemption is generally preferred.
Step 5: Important Considerations and Tips
To make the most of your Truist Rewards, keep these points in mind:
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Sub-heading: Point Expiration
Truist Rewards points generally expire five (5) years from the date of issuance. Points are redeemed on a "first-in, first-out" basis, meaning the oldest points are used first. It's crucial to be aware of this to avoid losing valuable rewards. Regularly check your balance and redeem points before they expire.
Sub-heading: Account Good Standing
Tip: Watch for summary phrases — they give the gist.
Your credit card account must be open and in good standing (no past due balances, outstanding balance not exceeding credit limit) to earn and redeem points. If your account is closed, your rewards may be forfeited.
Sub-heading: Non-Eligible Purchases
Not all transactions earn rewards. Typically, cash advances, balance transfers, fees, interest charges, and fraudulent transactions are excluded. Always refer to your specific card's terms and conditions for a complete list of eligible purchases.
Sub-heading: Combining Points
You generally cannot combine points from your Truist credit card with other airline loyalty programs or points programs. However, under certain limited circumstances, you may be permitted to transfer your accrued Rewards balance to another eligible Truist rewards program (e.g.,
Sub-heading: Taxes
Earning and redemption of cash rewards may be subject to income tax or other taxes. Truist may report the value of points awarded on an IRS Form 1099 or W-2. Rewards are typically considered taxable when points are awarded, not when redeemed for merchandise.
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| How Much Are Truist Rewards Points Worth |
Final Thoughts on Truist Rewards Point Value
The value of Truist Rewards points is not a one-size-fits-all answer. While the baseline is 1 cent per point, the most significant factor in maximizing their worth is your relationship with Truist Bank through their deposit and investment accounts. By leveraging these loyalty bonuses, you can significantly increase the return on your everyday spending, turning your points into a much more valuable asset. Regularly review your account, understand your card's benefits, and strategically redeem your points to get the most out of your Truist Rewards!
QuickTip: Skip distractions — focus on the words.
Frequently Asked Questions about Truist Rewards Points
Here are 10 common questions about Truist Rewards points, with quick answers:
How to determine the exact value of my Truist Rewards points? The baseline value is 1 cent per point for most redemptions. However, your exact value can increase to 1.1, 1.25, 1.5, or even 1.75 cents per point if you qualify for a Truist Loyalty Bonus based on your deposit and investment account balances.
How to earn Truist Rewards points? You earn points on eligible purchases made with your Truist Rewards Credit Card. The earning rate varies by card (e.g., 1x, 2x, or 3x points on specific categories like travel, dining, or all purchases).
How to redeem Truist Rewards points for cash back? You can redeem points for a statement credit to your credit card or an electronic deposit into an eligible Truist checking, savings, or money market account. The Loyalty Cash Bonus applies specifically to electronic deposits into qualifying Truist accounts.
How to use Truist Rewards points for travel? You can redeem points for airline tickets, hotel stays, and car rentals through the Truist rewards program website or by calling the Rewards Service Center. Travel redemptions can benefit from the Loyalty Travel Bonus, increasing your point value.
How to check my Truist Rewards point balance? You can check your balance through Truist Online Banking, the Truist Mobile Banking App, or by calling the Truist Rewards Service Center.
How to avoid Truist Rewards points expiration? Truist Rewards points generally expire five (5) years from the date of issuance. To avoid losing them, make sure to redeem them before their expiration date. Points are redeemed on a first-in, first-out basis.
How to transfer Truist Rewards points? Generally, you cannot combine Truist points with other airline or points programs. However, under limited circumstances, you might be able to transfer points between eligible Truist rewards programs (e.g., between Truist Enjoy Cash, Enjoy Travel, and Enjoy Beyond cards). Contact Truist Rewards Service Center for specific details.
How to qualify for Truist Loyalty Bonuses? You qualify for Loyalty Bonuses by maintaining a certain balance in eligible Truist deposit or investment accounts, such as Truist Dimension Checking, Signature Advantage Checking, Truist One Checking with Level Premier, or Truist Business deposit accounts.
How to contact Truist Rewards customer service? You can contact the Truist Rewards Service Center by calling 800-255-7125. They are available Monday through Friday from 7:00 am to 9:00 pm ET, and on Saturday and Sunday from 9:00 am to 9:00 pm ET.
How to get the highest value from my Truist Rewards points? The highest value, up to 1.5 cents per point (or 1.75 cents for certain premium products), is achieved by having a significant eligible deposit or investment account balance with Truist, which then applies a Loyalty Bonus when you redeem your points for travel or deposit them into an eligible Truist account.
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