The Best and Worst Strategies to Maximize Your Credit Card Rewards
Tuesday, 16 April 2024, 11:00
Best Ways to Earn Credit Card Rewards
- Put (almost) everything on your credit card and pay the bill in full: Utilize your rewards card for all spending to maximize cash back or points. Avoid carrying a balance to avoid interest charges.
- Open new cards and earn welcome offers: Quickly accumulate rewards by taking advantage of new cardholder bonuses.
- Pick rewards cards that fit your spending habits: Choose cards with bonus categories that align with your regular expenses.
Worst Ways to Earn Credit Card Rewards
- Spending more than you can afford to earn a welcome offer: Avoid overspending to reach high welcome offer thresholds.
- Manufactured spending: Steer clear of risky methods that aim to exploit rewards programs.
Earn more rewards efficiently by leveraging your spending habits and avoiding risky tactics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.