More people are using their credit card rewards for gas, food
USAA has found that nearly 40 percent of Americans are redeeming credit card rewards for essentials like food and gas.
Mason Reed 
Across the United States, households are finding creative ways to combat rising costs. According to reports from The Daily Herald, a growing number of Americans are turning to an often-overlooked financial tool: credit card rewards.
Shifting Reward Strategies
While many consumers are accustomed to using credit card points for dream vacations or converting them to cash, a new survey from the United Services Automobile Association (USAA) reveals a significant shift. Data collected from over 1,140 participants shows that approximately 36 percent of consumers are choosing to bypass big-ticket rewards in favor of immediate relief on everyday essentials like gas and groceries.
The trend is picking up momentum rapidly, with USAA reporting a 47 percent increase in rewards usage over the past year and a 28 percent rise in the number of monthly redeemers.
Why Behaviors Are Changing
As USAA notes, consumers are adapting their financial habits in response to the economy. As the prices of gas, groceries, and other daily necessities climb, families are prioritizing immediate budget relief over long-term savings for luxury purchases.
The pressure at the pump is palpable, with gas prices recently hitting $4 nationally—peaking at $5.497 a gallon in California. While inflation showed signs of cooling in June, experts at Investing.com warn that volatile fuel costs remain a significant factor in driving up overall consumer expenses.
Expert Perspective
Michael Moran, President of USAA Federal Savings Bank, emphasizes that these rewards have transformed into a critical tool for household management. "In this context, the rewards the people earn on their everyday spending and can use to reduce their gas or grocery bill translate into deep, meaningful value," Moran said. "Behaviors are changing because they help members, consumers and their families keep more in their pockets."
Note: 205focus.com gathered this information following a report that included contributions from The Associated Press.
