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Credit cards offer more than just a way to make payments—they come with a wide range of perks like rewards, cashback, and exclusive discounts. To truly benefit from these credit card benefits, it’s essential to use them wisely. With the right approach, you can earn rewards on everyday purchases, save money, and enjoy extra perks.
Whether you're new to credit cards or a seasoned user, understanding how to use a credit card for maximum benefit will help you unlock the full potential of your card and make smarter financial choices.
Here are some key tips for choosing a credit card that offers maximum reward points, ensuring you get the best value for your spending:
Prioritise credit cards with maximum reward points to get the best value for your money
Many cards offer higher rewards for specific categories like travel, dining, or groceries, so choose one that fits your habits
This ensures you earn more points for purchases you are already making
Consider different types of reward programs: cashback, points, or travel miles
Cashback cards offer a percentage of your spend back, while points cards let you accumulate points for various rewards
Travel-focused cards provide bonus points or miles for travel-related purchases, redeemable for flights or hotel stays
Look for cards that offer sign-up bonuses, category bonuses, and low or no annual fees
Choosing a credit card with maximum benefits ensures you’re earning rewards while saving money in the long run
Match your card’s reward structure with your spending patterns to maximise the benefits and earn the most points
Here’s how you can better understand your credit card benefits by tracking rewards, reading terms, and making the most of your card’s features:
To fully take advantage of credit card benefits, always read the terms and conditions carefully to avoid unexpected fees and missed opportunities
Use your credit card’s mobile app to track rewards, monitor spending, and check important dates, like reward expiry
The app also allows you to track how many points or cashback you’ve earned, making it easier to redeem rewards
Regularly review your credit card benefits to ensure you're using the most rewarding categories for your purchases
Align your spending with your card’s reward structure to earn more points or cashback on everyday purchases
Understanding your credit card benefits will help you maximise the value you get from your card
Here’s how to make the most of your credit card benefits by using your card for high-reward categories like groceries, fuel, and travel:
To maximise credit card benefits, focus on using your card for high-reward categories like fuel, groceries, dining, and travel
Many credit cards offer extra rewards for specific categories such as travel-related expenses, including flights, hotels, and car rentals
Some cards provide higher cashback or points for everyday purchases, such as groceries or fuel
Align your spending with your card’s rewards structure to earn more points or cashback in high-reward categories
For example, use your card for groceries if it offers 3% cashback in that category
Ensure you’re using your credit card with maximum reward points for all purchases in high-reward categories to get the most value
Here’s how to ensure you make the most of your credit card benefits by redeeming rewards and cashback before they expire:
To maximise credit card benefits, redeem your rewards and cashback before they expire to avoid losing valuable points
Many credit cards have expiry timelines for points, cashback, or rewards, so check the dates to ensure you don’t miss out
Most credit card providers offer online portals or mobile apps where you can track your rewards, cashback, and expiry dates
Regularly check your rewards balance in the portal to stay updated on upcoming expirations and available redemption options
Maximise credit card points by being strategic about when and how you redeem rewards for the highest value
Some credit cards offer better redemption rates for travel, flights, or hotel stays compared to merchandise or statement credits
Redeeming your rewards wisely, within the set timelines, ensures you get the most value from your credit card benefits
Here’s how to make the most of your credit card benefits by combining rewards with bank and merchant discounts for maximum savings:
To maximise credit card benefits, stack your card’s rewards with discounts offered by banks or merchants for extra value
Many banks partner with retailers for exclusive discounts or promotions that can be combined with your credit card with maximum reward points
Look out for seasonal bank partnerships, which often provide limited-time offers, such as extra discounts or bonus points on specific purchases
For example, use your credit card’s cashback offers and combine them with a bank’s 10% discount on groceries for more savings
Merchant-specific deals often allow you to earn double rewards or enjoy discounts when paying with your credit card
These bank and merchant discounts can be tracked easily through your credit card’s mobile app or online portal
By stacking offers and taking advantage of seasonal partnerships, you’ll get the most from your credit card benefits
Here’s how to avoid interest charges and maximise credit card benefits by making full payments every month:
Paying your balance in full each month prevents interest charges that can quickly diminish any rewards or cashback you’ve earned
How to use a credit card for maximum benefit means staying disciplined with your spending and avoiding carrying a balance from month to month
Paying on time and in full helps maintain a good credit score, which can lead to better offers and lower interest rates
Avoiding interest charges also prevents debt buildup, allowing you to enjoy credit card benefits without the financial burden
Full monthly payments ensure that you can continue to earn rewards, cashback, and points while keeping your finances under control
To maximise credit card benefits, choose a card with high reward points, use it for high-reward categories, and always pay your balance in full. Regularly redeem rewards before they expire to ensure you get the full value of your card.
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Posted on 16 May
Roshani Ballal
Academy by Bajaj Markets
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