You’ll often hear of stories of how someone else got huge rewards from their credit cards. It makes you wonder how serious these guys are about points. It’s human nature to want to win, in fact, we crave it.
At times you may dream about getting the rewards; you may obsess about it. Yet, you wonder how you can achieve the huge rewards you see others get since you’ve never gotten anything substantial.
Thankfully, you won’t have to simply wonder anymore. IN this guide, we will help you learn how you can earn big rewards on your credit cards. Here are some of the hacks you can use to build up big rewards.
Get A New Card
You may not know this, but when it comes to credit cards, loyalty doesn’t necessarily pay. If you switch to a new card, that’s where you’re likely to get the best value. This is because many cards offer advantageous sign-up bonuses. With these offers, you can accumulate points for a fraction of what it would cost you on your current card.
Pay Attention To Your Emails And Offers
Most people just fill in their email address as part of the registration process and forget about it. However, don’t let that be you. You’re likely to receive a lot of information when it comes to offers through your email.
By paying close attention to your emails, especially ones from your card issuer, you won’t miss a thing. You may catch wind of an offer that will significantly grow your rewards.
Bonus Rewards At Certain Merchants
Do you know that one of your cards may have bonus rewards when you shop or pay through a certain service?
These should be taken into account when shopping, as certain merchants have bonus rewards. Ensure you know exactly who these merchants are and shop with them for the best rewards.
Use Multiple Cards
You should be able to earn points on all your spending when it comes to credit cards. Using a credit card that offers you nothing in return is a waste of an opportunity.
For example, you may have one card offering cash back for grocery shopping and another that offers rewards at restaurants. Use the cards accordingly and you will begin to build your rewards every time you spend. Don’t use a card that offers better perks for groceries than restaurants when paying in a restaurant.
Wait For Big Promotions
Most issuers will have welcome promotions from time to time. The thing is, they don’t advertise them to the general public. Don’t open a new credit card account without receiving a great welcome bonus.
Promotions are usually time-sensitive and limited. All you have to do is take a look at some travel reward blogs or credit card comparison sites to find out if there are any. It may be a long-term strategy to wait, but, in time, the wait is usually worth it.
Know Your Categories
Most of the cards in use today have bonus rewards at certain gas pumps and grocery stores. So, you must be thinking there’s no way to get the best out of them through other merchants.
However, there’s a way you can hack this idea. Just use your credit card at the particular store to buy a gift card for your favorite merchant. You’ll obviously get the bonus for making the purchase at the store. Then, use the gift card you had purchased to do your shopping at your favorite store.
Pay Attention To Spending Caps
Most cards have spending caps imposed on them that users know nothing about. The details are usually in the fine print that you obviously didn’t bother to read. If you read through, you’ll find out what your spending cap is.
When using your card, you can stop when you have hit the sending cap. Then, use a different card to finish up what you were purchasing. It ensures that you get rewards with every use. That’s because after you exceed your spending cap, you won’t get any rewards. But if you use another card, it will accumulate its own rewards.
Building up your credit card rewards takes a bit of dedication and know-how. Here are some hacks that you can start implementing today to ensure you build up big rewards.
Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.