Wondering what's the secret to credit card rewards success? If you're using a credit card that provides cashback rewards, you're taking a big step in the right direction. These cashback reward cards offer a guaranteed way to save money on your everyday purchases without needing to spend even a cent extra. This post is to help you get the most out of your credit card and work towards maximizing your rewards.
Assess your spending habits and choose a card
Start by evaluating your spending habits and finding a card that matches up with your financial goals. There are an array of credit cards to choose from - some that offer cashback for every dollar you spend, others that provide special financing perks or airline miles each time you swipe your card. So, assess your most frequent spending habits and pick a card accordingly.
Find a card for everyday spending
Two percent back on select purchases may sound great, but a card with a flat-rate cashback rewards program may be a better fit for your everyday spending. These cards have a set rewards rate that isn't affected by what you buy, making it the best way to earn max rewards on the things you purchase most often.
Look out for sign up offers
Some stores have their own store cards that don't offer much in the way of cashback but may provide perks like store-specific coupons and a credit line that can help build a credit score.
Strategize your spending
Cashback credit cards can help you save money on everyday purchases. While most people sign up for a cashback credit card with the intention of getting a high percentage of cashback on their supermarket purchases, they leave big bucks on the table by forgetting about the rest of their spending. Don't forget to keep a second card in your wallet that offers great flat-rate cashback for situations where you'll need to use it.
Before you apply for a credit card, make sure to read reviews of available cards to find out which ones give you the most cash back at the places you frequent most often. Once you've narrowed it down, compare features such as annual fees and credit requirements to help you choose the ideal card for your lifestyle.
