The credit card rewards program can be a way to boost your daily expenses. Learn how!
Understand your rewards program
To get the most out of the program, the first step is to fully understand how it works.
Each card has its own terms and conditions, so it’s crucial to read everything carefully. Keep an eye on the expiry date of the points and check if it’s possible to transfer them to other rewards programs.
Use the card for all purchases
A valuable tip to maximize your reward point earnings is to use the credit card for all possible purchases.
This includes everything from supermarket shopping to payment of essential service bills.
However, remember to pay off the full balance each month to avoid interest.
Take advantage of special offers
Many credit cards offer special promotions that allow you to earn extra points. Stay alert to offers and take advantage of them whenever possible.
One tip is to subscribe to newsletters from your credit card provider to stay updated on these benefits.
Combine rewards programs
If you have multiple credit cards, consider combining reward programs to boost your earnings.
This can involve transferring points from one card to another or using specific cards for certain purchases, thereby increasing the amount of accumulated points.
Redeem your points wisely
Last but not least, know how to redeem your points intelligently. Some redemption options may provide more value than others, so research before making decisions.
For example, on some cards, it is possible to transfer points to airline programs, which can offer a higher value than direct redemption for purchases.
