It’s possible to increase your credit card rewards so that you can redeem your points sooner for things you want. There are several ways to increase the accumulation rate easily.
Ways to Increase Your Credit Card Rewards Points Easily
There are plenty of ways to increase your credit card rewards points. If you’re saving your points for a special reward for yourself, like a holiday, an iPod, or any other reward, it can sometimes seem like accumulating points can take forever.
Here are some tips to increase your credit card rewards points a little more quickly.
Use Your Card More
If you’re serious about earning more points, you’ll need to use your credit card more for the purchases you make. Pay for your groceries or fuel using your credit card and then transfer the money out of your regular bank account right away so you’re not paying any interest on the purchase.
You’ll be receiving more rewards points, but you won’t be increasing your debt this way.
Shop At Bonus Partners
Many credit card rewards programs offer the chance to earn bonus points if you shop with their Bonus Partners. These are often selected retail outlets that offer you additional points when you purchase through them.
Switch Reward Cards
If you’re intent on finding ways to increase your credit card rewards points, then you’ll need to know you can redeem them for rewards that are worthwhile to suit your needs. For example, if your current card only offers frequent flyer points and you’d prefer to spend your points on shopping vouchers for other things, it may be worth switching.
Use the Right Card
There are some credit card lenders that offer customers two cards linked to the same account. For example, Westpac offers an American Express card, as well as either a Visa card or MasterCard. Both cards are linked to the same credit limit and all the transactions are shown on the same statement.
Yet you can increase your credit card rewards points more quickly by using the right card. In many cases, lenders will offer you more points for using your American Express card to pay for purchases. Generally you’ll earn around 2 points for every $1 you spend, whereas if you use your Visa or MasterCard, you may only earn 1 point for every dollar.
Consider Upgrading to Gold or Platinum
Some lenders will offer even higher rewards points per dollar spent using a gold or platinum card. While you might incur slightly higher annual fees with these cards, you could easily recoup that extra cost by earning more points and redeeming them for better rewards.
