How to make the most of your credit card rewards

Certain banking cards like the credit card aren’t only designed to make transactions convenient. With the right strategic decision, you can use it to reap valuable rewards and perks. Some of these rewards you will not get with physical cash.

Here are a few tips that will help you make the most of the rewards you generate from your credit card.

Opt for reward credit cards based on your lifestyles

Every individual has different financial requirements. Therefore, a standard reward program would not benefit every individual. In this case, you will need to see how much you spend on different categories. For example, if you shop at a particular retailer, you can use certain credit cards at these places. This is also applicable for online shopping and frequent travelers amongst many other categories. In these cases, you can apply for rewards that will get you extra reward points that can be redeemed for items in the same category. Alternatively, you can also get other forms of rewards such as free hotel stays of companion plane tickets.

Opt for cash back shopping portals

Anytime you shop online, you will earn certain features such as extra points, miles or cash back. What no many individuals don’t know is that your credit card bank has its own shopping portal. Through this, you can start your shopping spree, especially through certain cash back sites. Cash back sites such as Cashkaro, LafaLafa and Gopaisa will offer you great cashback rewards anytime you want to shop.

Know your reward categories

Not many are aware that there are different reward categories for a credit card. As mentioned previously, each individual often possesses a different financial requirement. Therefore, if you are collecting reward points during your expenditures, you must check the different reward point categories you are eligible for. In this way, you can ensure that you get the most of your expenditures in terms of your reward points.

Drop the annual free

Certain reward credit cards often charge annual fees. Credit cards such as the travel reward cards are one such example. Although the benefits of these cards are worth it, it would be double the worth if you manage to waive the annual fee. Do contact you credit card bank to know the ideal process to waive your annual fees.

 Apply for a credit card during the biggest bonus periods

It is not uncommon for credit card companies to offer to sign up bonuses to those who are applying for credit cards. These sign-up bonuses can be worth thousands. When you time your credit card application at this time, you can make the most of your bonus sign up, especially against the normal sign up bonus.


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