Almost every type of credit card these days rewards you for using the card. Every transaction that you make with the card rewards you with either points or miles. Some cards offer tremendous amounts of points while others might not provide you with a lot.
There are certainly ways to take advantage of your credit card to earn more rewards without having to spend more. Rewards credit cards are the primary example of how you can get more out of the transactions that you do.
If you want to learn more about how you can earn more credit card rewards, check out the article below. You’ll also learn more about how you can spend those hard-earned rewards wisely.
Use the Card to Pay for Your Utility Bills
Utility bills are often charged every month, and you will need to pay them as well. Since they are recurring charges, why not pay your utility bills through your credit card?
This way, you won’t have to worry about paying your bills, and you’ll also build a positive credit history and score.
Credit cards often reward you with every transaction that you make based on how much you spend.
Many utility bills cost several hundred dollars, so go ahead and use your card to earn more reward points.
Take Advantage of the Welcome Bonus
Most credit cards today offer different kinds of welcome bonuses, but for the most part, they only require you to spend a minimum amount to get the bonus.
You can easily do this by making one big purchase upon activating your credit card.
This is why it is important to strategically sign up for a new credit card if you want to make a big purchase, such as a new computer or laptop.
Many credit cards offer a welcome bonus almost immediately, while others offer it in staggered transactions to encourage spending.
Make Good Use of Referrals
If you are already a fan of the credit card that you’re using and you know how good it is, try to spread the love and refer your friends.
Many credit card companies often reward credit cardholders when they refer them to applicants.
They give referral bonuses in the form of rewards points or statement credit, depending on your issuer.
The number of points you get will depend on the number of referrals who successfully sign up for the card.
Use the Card for Online Shopping
Most of us enjoy online shopping so much that we tend to spend more, but we don’t usually use our credit cards to make the transactions.
Many people still do not use their credit cards out of fear of getting hacked or used by hackers.
Today, most credit cards have many security features that help prevent online scammers and hackers from taking your credit card information.
Use the card for online shopping and watch as your reward points get higher and higher.
Sign Up for Partner Programs
Many reward credit cards often want to partner with different establishments and merchants. Most of these merchants also offer bonuses and other rewards to their loyal customers.
Sign up for these partner programs and you’ll get even more bonuses and rewards from using the card.
Most of these programs offer bonuses and rewards for dining, airline purchases, retail shopping, hotel bookings, and other activities.
Check your credit card’s official website to learn more about its partner program and unlock this amazing opportunity to earn more rewards.
Use Your Credit Card on Establishments That Do Not Charge a Fee
We use our credit cards on transactions just to get rewards points, but it can also cost a lot since there are extra charges, such as transaction fees.
Get a credit card that has a lot of partner establishments that do not charge a fee when used.
This can help you rack up a lot of reward points without having to worry about gaining extra charges on your bill.
Some instances where there are no charges for monthly subscriptions and, sometimes, for your WiFi.
Redeem Your Cash Back for Statement Credit
Once you have earned a lot of cash-back rewards or reward points, you can use them to redeem them for statement credit.
Most credit cards offer the option to redeem cashback points and rewards as statement credit. You can use this credit to pay off some extra charges on your monthly statement.
If it is even enough, you can pay for almost all of your entire monthly statement by just using your rewards as statement credit.
Even if it is just a small amount, it can help ease the burden of having to pay a huge monthly bill from your credit card.
Transfer Your Rewards
In many cases, the rewards you’ve earned from your credit card can be directly redeemed at their website or app.
There are also instances in which you can transfer the rewards that you’ve earned to different partners.
If you’re a frequent traveler, you can transfer them to airline partners, where you can use them to get discounts or boost your points or miles.
Be Mindful of Spending Limits
You can always enjoy reaping the rewards that you have sowed for the past few weeks or months but remember, there are spending limits.
Many credit card companies often have spending limits to prevent any form of abuse to their system.
Once you reach the spending limits, the rate of rewards you receive will immediately be the lowest.
Always be mindful of your credit card’s spending limits so you can avoid getting the lowest reward rate after working hard for it.
Conclusion
Anyone who owns a credit card knows that it can be quite challenging to balance using a credit card to pay for almost all of your transactions and using cash. If you wish to earn points most efficiently without having to pay a lot of charges, follow the tips mentioned above so you can have more rewards and fewer fees.
