Friday, May 27

Credit card rewards: How to get the most of them?

Having a credit card is crucial during the 2020s.

Credit cards provide multiple benefits to their users such as low or no interest financing, free shipping, gas rewards, and grocery shopping money.

Having a positive balance on your credit card can push you into more benefits.

How to exploit your card benefits?

Choose the right card

Are you a traveler? You should try a card that grants you benefits from all your miles traveled.

Do you buy plenty of stuff on Amazon? Amazon has Prime Rewards Visa cards that can give you higher returns.

Are you a mother or a father? Multiple cards earn high cash-back rewards from grocery shops and gas stations.

Pay it on time

Maximize your rewards by charging your purchases to your credit card and paying it in time.

It’s true that the more you charge, the more rewards you would get. Nevertheless, don’t spend the money that you don’t have.

If you pay in time or immediately, you will avoid interest charges.

Use multiple cards

Having multiple credit cards is not a problem if you administer them wisely.

Diverse credit cards grant you different benefits. For example, if you travel a lot, you could have a traveler’s card, plus other cards that offer you some cashback from every purchase made.

Consider the diverse rewards according to your needs and use.

Remember the rewards

Don’t go shopping with a card that gives you a 1% cashback on department stores when you have another option with a 5% cashback.

Remember which card is more useful in different situations.

Know all the secrets about your card

“Cardholders of the Delta SkyMiles® Platinum American Express Card save 20% on in-flight meals and entertainment.”

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You wouldn’t think that a travelers card will have entertainment benefits. Or that a Chase card could grant you 25% more value when they redeem for travel booked through.

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