Most of us like to get reward points on our credit cards. That’s why the banks offer them but there are many credit card users who don’t get as many reward points as they could. If you think you want to get credit card reward points faster, then here are a few simple things you can do to get the points clocking up quickly whatever you plan on using them for.
Spend More Money!
Firstly understand that the best way to get credit card reward points faster is to spend more money quicker. That doesn’t mean that you should start buying things you don’t want or don’t need just to get reward points that road leads only to debt. What you should do is try to use your credit card for as many things as possible even if you already have another payment method that you use.
Utility Bills
Some of the biggest expenditures that we all have are utility bills. If you didn’t realise that you could pay for these by credit card, then check with your utility company or just look at the payment options on the bills. So long as you use the money you would have spent on these bills to pay off your credit card balance, you get the points and lose nothing. If you rent, see if you can pay that by card for a massive points boost every month.
Cash
Take a good look at anything that you pay cash for. Even small items such as newspapers or a bar tab at your local watering hole are worth trying just ask the retailer or bar owner if you can run a tab and pay it off by card. They might refuse but you won’t know if you don’t try. Reward points are not often awarded for cash withdrawals, and ATM transactions often carry an additional charge, so paying with cash means you lose out in more than one way.
If you have more than one active credit card, then check the reward literature and see which one gives you the best points per dollar rate, and try and use that card as much as you can. Of course you have to bear in mind interest rates and charges as well, but most cards count about the same if you pay them off in a timely fashion.
At the same time, if you think your reward points are not giving you enough return to make it worthwhile then it is always worth shopping around all the cards. There are frequently new deals coming on the market, and the competition for customers gets tougher all the time.
There are very few retail outlets that don’t accept credit cards these days, so why keep using cash when you can get credit card reward points faster for just buying the same as you always have. Just make sure you know what your credit card reward points are really worth.
