There are a variety of ways that you can maximize your credit card rewards and reach bonus spending requirements to earn the most from the rewards program on your credit card.
Take advantage of these credit card rewards earning methods if you want to earn a new applicant bonus or maximize the rewards that you can earn from your credit card purchases.
You can use your Rewards Credit Cards to your benefit and increase your points, miles, or cash back earning levels.
1. Use Credit Cards for Everyday Spending
Maximize your rewards earnings by using your credit card for all of your everyday purchases.
If you’re in the habit of using cash for small purchases, start using your credit card instead.
Small purchases can add up over time, plus it will help you keep track of your spending.
2. Make Major Purchases on Your Credit Card
If you plan to make a major purchase, use your credit card wherever possible.
You may be able to use your credit card to pay for big items like home improvement projects and vehicle purchases.
Of course, you’ll need a large enough line of credit to cover your purchases.
Additionally, it’s a good idea to only make purchases that you can afford to pay off in full, as you don’t want to incur any interest charges on your purchases, because that will only negate the overall value of your rewards.
3. Pay Monthly Bills with Your Credit Card
Make sure that you use your rewards card for all of your monthly bill payments including the telephone bill, Internet, cable TV, etc.
Some services also allow you to pay down credit toward future bills, which could help you achieve a bonus reward faster.
4. Make Bill Payments with ChargeSmart
Not all companies allow you to pay your bills with a credit card.
You can use a service like ChargeSmart to pay many bills with your credit card including auto, mortgage, utilities, and student loans.
5. Purchase Gift Cards with Your Credit Card
Use your credit card to purchase gift cards from stores that you plan to spend money at in the future either way.
For instance, if you needed to reach $500 in purchases, you could purchase an equivalent gift card from your favorite store.
6. Make Donations Using Credit Cards
A lot of charities accept credit card payments for making donations.
If you plan on giving to charities, you could consider using your credit card.
7. Pay Taxes with Your Credit Card
Services like PayUSATax.com allow you to pay your federal taxes online with credit cards for a convenience fee.
Depending on the rewards earning level of your card, you may be able to make paying your taxes with a credit card an advantageous exchange.
8. Enroll in Special Credit Card Promotions
Some credit cards require you to enroll in any special earning opportunities that may become available.
Make sure that you understand your credit card rewards program and enroll in any special offers to earn the most rewards on your card.
9. Rotate Credit Card Usage to Maximize Special Promotions
One way to ensure that you’re earning the most rewards for your credit card spending is to rotate your card usage based on the purchases that you are making and any special promotional offers that are currently available on your credit cards.
For instance, if one of your Rotating Cash Rebate Cards is offering a special cash back rate on grocery store purchases this month, then make sure that you use that card when you shop for groceries.
10. Use Specialized Store Rewards Credit Cards
If you regularly shop at certain merchants or use services that offer their own rewards program credit cards, then consider applying for that card to use on your purchases.
Merchant credit cards often offer special discounts and extra rewards for your store purchases, so you can usually get the biggest bang for your buck by using their customer credit cards.
11. Take Advantage of Rewards Redemption Specials
You can also maximize your credit card rewards by taking advantage of any redemption specials that your rewards program may be offering.
For example, an airline rewards card may offer a reduction in the miles needed for an airline ticket redemption, or a cash rebate card may allow you to redeem your rewards for a retail gift card at a discounted rate.
Utilize these rewards redemption specials to increase your rewards earning ratio on the back-end.
How Do You Maximize Your Credit Card Rewards?
Please feel free to share any secrets that you may have or different methods to increase your credit card rewards.