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Here's your money briefing for Tuesday October 1st. I'm J.R. Whelan for the Wall Street Journal.

One of the perks of using credit cards is the points you accumulate that can be put

toward things like flights or a gift card. But those rewards you've been building up

over the past several years don't go as far as they used to.

Inflation is trending downwards but prices are still elevated.

So when you redeem points within the portal of a card issuer, Those points are worth about one cent, but since 2019

a cent has lost considerable amount of value, about 20% of its value.

We'll talk to Wall Street Journal Personal Finance reporter

Catherine Hamilton about what you can do

to preserve the value of your points.

After the break. All those credit card points you've accumulated are losing value to inflation.

Wall Street Journal, person of finance reporter Catherine Hamilton joins me.

Catherine, in your story you write that cardholders built up a stockpile of 34 billion dollars worth of

points last year. That's a 70% increase from 2019. How are people accumulating so many

points? There's a few factors at play here.

First of all, during the pandemic, a lot of people

...