Reward credit cards offer you benefits on individual purchases, among other perks. But it can be a challenge to find the right card for you and the purchases you make.
You have to find the ones with the most valuable points on offer – credit cards that offer the best value on cashback, points, and even miles. And after choosing the card, it’s important to learn how to get the most out of your rewards-earning potential.
Read on to find out how to maximize your credit card earnings.
Have One or Two Store Cards
In the credit card reward game, it isn’t about quantity but quality. Before you sign up for a rewards credit card, ensure that it offers valuable reward points.
Store cards generally don’t offer ‘eye-catching’ rewards, but if you can find a card that offers 5% rewards on purchases, that should be a good fit. Also, remember to only take the cards from shops that you usually frequent, as that will give you more time to earn rewards.
Digitalize Your Tracking, Redeeming, and Discovering Process
It is crucial to keep track of when you redeem your rewards. You can easily download apps that will guide you on which card to use and on what purchase. This is one of the most natural methods you can use if you don’t want to stick tapes on top of each of your cards manually.
Keep an Eye Out for Quarterly and Annual Limits
For example, some card issuers will only give you cashback when you purchase from a specific merchant. This may not be something you would notice without keeping a close eye on the quarterly and annual limits.
They also give you cashback on the amount spent using the card. How will you know the amount you’ve spent if you can’t track it? In most cases, you’ll either not see the rewards because you used them without knowing, or, in rare cases, the rewards just don’t come.
Focus on Food
One of the best ways to maximize your reward earnings is by having a card that offers rewards on grocery shopping. Because we all have to eat throughout life, with the food rewards, you can never go wrong.
Conclusion
If you have the patience and determination to make the most of your credit card rewards, then maximizing is worth it.
Disclaimer: All credit products carry risk. Be aware of these risks by reading the associated terms and conditions.