Loading...
You are here:  Home  > 
Warning: Use of undefined constant single - assumed 'single' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: Use of undefined constant ai1ec_event - assumed 'ai1ec_event' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: A non-numeric value encountered in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: Use of undefined constant single - assumed 'single' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54

Warning: Use of undefined constant ai1ec_event - assumed 'ai1ec_event' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54

Warning: A non-numeric value encountered in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54
Calendar >  Few Tips to Maximize Your Credit Card Earning Potential

Few Tips to Maximize Your Credit Card Earning Potential

By   /  May 9, 2022  /  No Comments

    Print    

Whether you’re a frequent flyer or not, you’ve probably wanted to earn credit card bonus points. Luckily, there are several different ways to maximize your earning potential. In this article, we’ll look at how to plan your spending to align with the rotating bonus categories. We’ll also discuss how to avoid carrying a balance and calculate your earning potential. Here are a few tips to maximize your earning potential:

Consider a travel rewards credit card

When selecting a travel rewards credit card, you should first think about how you plan to use it. You can earn points for every dollar you spend on your card, but the amount of points you can earn depends on the type of card you choose and the categories you spend most of your money in. Most travel rewards cards offer bonus categories, which you can use to earn more points per dollar spent, for example, American express gold benefits. However, the sign-up bonus that you receive can be hard to justify if you cannot pay off your balance each month.

For people who don’t travel often, a cash-back credit card may be more beneficial. Cash-back cards don’t come with outsized travel rewards, but they can still be useful. For example, Chase Freedom Unlimited can give you a variety of rewards, including 5% back on airfare booked through Chase’s travel portal. You can also earn 3% cashback on dining and other purchases. But if you’re looking to travel abroad, a travel rewards credit card may be better for you.

Avoid carrying a balance

To avoid carrying a balance when earning credit card bonus rewards, you should pay off your entire balance every month. Carrying a balance is risky because it can cause you to incur interest charges that can make the rewards less valuable. Moreover, you should keep in mind that some issuers have rules for bonus spending categories, which may restrict you from earning these points. For example, if you use the card at Walmart and Target, you will not be eligible for the bonus category.

Plan your spending to align with rotating bonus categories

To maximize your rewards and maximize your bonus points, consider comparing different credit cards. For example, you might prefer a credit card with a 5 percent rotating bonus category. If this is the case, it is important to consider your spending patterns and compare the benefits of various cards before making a final decision. It may be worthwhile to choose a flat-rate credit card if you want to avoid tracking your spending, but you will lose the flexibility that rotating bonus categories can provide.

To maximize your rewards, plan your spending to align with rotating bonus categories. Credit cards with rotating bonus categories offer high cash-back rates on specific categories. You can use these cards for purchases in these categories while still earning the regular rewards rate. You can also opt for a card with a fixed bonus category. These cards offer 5% cash-back on certain categories but will change their bonus categories quarterly.

    Print    

Do you want more news like this? We're supported by our subscribers and readers!

  • Published: 2 weeks ago on May 9, 2022
  • By:
  • Last Modified: May 9, 2022 @ 9:45 pm
  • Filed Under: The Back Page

About the author

Founder

Leave a Reply

Your email address will not be published.

You might also like...

J.J. McTavish – Thomas Calabrese

Read More →