The basic credit card: earn more points and miles
Your favorite part of your new credit card is the awesome reward you will earn used. And he wants to do everything possible to maximize the rewards. The nerds are here to help with six tips to earn more miles, points or cash on your new credit card.
Press the required expense to obtain your registration bonus
A sign-up bonus is an additional influx of points, miles or cash you receive after spending a certain amount of money on your credit card within a specific period of time. Not all credit cards have a sign up bonus, but many of the competitive rewards cards do. Of course, it doesn’t matter how big the potential registration bonus is if used does not spend the amount needed to receive it. It is a good idea to apply for a credit card with a registration bonus with a necessary spend you can hit without going into debt. In other words, if you need to spend $ 3,000 in three months, but you only have the means to collect and pay $ 500 per month, the registration bonus will be at least partially canceled for financial charges.
Add an authorized user if the card offers an additional bonus
Some credit cards offer an additional sign-up bonus to add an authorized user within a certain period of time and for him or her to make a purchase. If your new card offers this, and have someone who feels comfortable adding as an authorized user partner or a college-age child, this is a great way to get some extra points. But before doing this, it is necessary to understand what an authorized user is. This person will be able to use the credit account, but he is not legally required to make payments and cannot make changes. An authorized user can be withdrawn at any time, but you will have to ask your issuer if this removal will affect your bonus.
Use bonus center when shopping online
A bonus center is a shopping portal that allows you to get discounts or rewards on your online purchases, as well as the Chase Ultimate or Digi Cono Cash Center rewards. To use it, go to the website of your issuing bonus center and click on the distributor of your choice before making a purchase. Then pay with your credit card to reap the additional rewards.
Opt in bonus rewards categories, if applicable
If your credit card has bonus rewards categories such as WeDiscover balance transfer and Chase Freedom 5% on bonds-sted you have to opt for three months to take advantage of them. Otherwise, only the standard reward will be received, which is typically 1%.
Use your credit card for everything you do not charge a fee
Many of your expenses can be put on a credit card and paid in full before the due date to win prizes. Put things like gas, groceries, travel expenses, entertainment expenses, subscriptions and utilities on your credit card. Just make sure you pay every month. Other expenses, such as renting or paying quarterly taxes, can trigger a fee if you charge your credit card. Pay these with a check or money order to avoid charges for incurring, which can be significantly more than any reward you will earn.
Couple up cards
The bottom line: If you want to win important prizes, You must meet the expense necessary to obtain a credit card registration bonus and add an authorized user if there is an additional bonus to do so. You should also use the issuer’s bonus center when shopping online, opt in bonus categories, and use your credit card whenever you can, without a fee. Finally, advanced credit card users may want to obtain by supplementing rewards cards to maximize profit and redemption. Ahmad Faishal is now a full-time writer and former Analyst of Sampaguita Bank. He’s Risk Management Certified. Specializing in writing about financial literacy, Faishal acknowledges the need for a world filled with education and understanding of various financial areas including topics related to managing personal finance, money and investing and considers. Moto as the best place for his knowledge and experience to come together.