Guest Sign UpLoginNew PostSections ₦0What's Up?DownloadsShopChatToolsAdvertise
Join the Publishers' Program. Get paid for writing.
Recharge DSTV, GOTV, StarTimes, & PREPAID METERS on https://billy.africa


JalingoSam
Head Mod.


Credit cards have become a ubiquitous part of modern-day spending habits today. According to the Federal Reserve Bank of Boston, 63% of America’s population owns at least one credit card, and the average American has 4 credit cards. The rise of credit cards can be attributed to the convenience and increased purchasing power that they offer, especially for big-ticket purchases. But besides the convenience, credit cards also come with several reward programs, including cashback and reward points. In this article, we will look at some of the credit card hacks that can maximize cashback and rewards.



Choosing the right credit card is the first and the most important step towards maximizing your cashback and rewards. Credit card companies offer a wide range of cards, each with its own reward program. Some cards offer flat cashback rates, while others offer tiered rates for specific categories such as gas, dining, groceries, or travel. You should think about the categories where you spend the most and choose a card that offers the highest cashback rates in those categories.

Some popular cashback credit cards are:
  • Chase Freedom Unlimited
  • Citi Double Cash Card
  • Capital One Quicksilver Cash Rewards
  • American Express Blue Cash Preferred



Timing your purchases is also important in maximizing cashback and rewards. Most credit card issuers may offer bonus rewards for specific categories or purchases during certain months. For instance, some credit cards may offer higher cashback rates during the holiday season or for purchases made at specific retailers. You should also consider timing your big-ticket purchases to coincide with these bonus reward periods.



Another credit card hack is to sign up for a new credit card when there is a lucrative sign-up bonus being offered. Most credit card companies offer a generous bonus cashback or reward points when you sign up for the card and spend a certain amount within a specific timeframe. This can be a great opportunity to earn quick bonus rewards, which can even offset the annual fees that come with some credit cards.



Optimizing your spending habits is also critical in maximizing cashback and reward points. For example, using your credit card for recurring expenses such as utility bills or subscription services can help earn steady cashback rewards. Also, use specific credit cards for specific purchases. For example, use a gas rewards card for gas purchases or a grocery rewards card for grocery purchases. This can help maximize your cashback and reward points as most cards offer higher reward rates for specific categories.



Redeeming your cashback and reward points at the right time and through the right platforms can make a big difference in maximizing your rewards. Some credit card companies may offer higher redemption values for certain redemption options, such as travel or gift cards. It is important to know the redemption value of your rewards before redeeming and choose an option that maximizes your rewards.



Credit cards can be an excellent tool to earn cashback and reward points on everyday expenses. By choosing the right card, timing purchases, signing up for bonuses, optimizing spending habits, and smartly redeeming rewards, you can maximize the benefits of your credit card rewards program. However, it is important to use credit cards responsibly and avoid excessive spending that leads to debt. Use credit cards wisely and enjoy the rewards!



Related Topics








Top SectionsSee More

Trending
This forum does not have any topics.

Top Posters This Month (500 Credits)
(See More)