How to Earn Credit Card Cash Back
You are either taking money from credit card companies or you are letting them take all your money. If you are using their reward program to full advantage, chances are good that you are the former group.
If you don’t spend, you won’t get rewards. Just make sure you aren’t hitting the reward limit where cards will sometimes give out less rewards after you spend a certain amount.
Different cards are good for different categories. Use that to your advantage by having a few cards and using the right card that will maximize your rewards.
Some cards just give out a cool 2% cash back for every category. You may want to check those out if you are a no hassle type of person.
Miles reward cards are great if you travel frequently. Otherwise, it’s useless so tread carefully. Most of these cards also have an annual fee so if you don’t use it, drop it.
Credit cards that are tied to a specific store may be great at first but remember that your credit score is tied to these accounts. If the company were to go bankrupt, your card is automatically closed.
Using your points for products is like throwing money at the slot machine. You may have fun but you are guaranteed to lose out. Instead, look for travel rewards, cash back and gift cards.
Reward points tend to expire due to inactivity, so redeem them whenever you get a chance and don’t get into a habit of accumulating a boatload of points.
Too many applications and your credit score is lowered. So make sure you really like the rewards before you apply for a card because of it.
Don’t spend just because you wanted the reward. Remember that even if it’s a 5% cash back card, you are still paying 95% for the product. If it’s not needed, don’t buy it.
A couple percent may not sound big but it adds up to huge amounts of cash. Don’t ignore rewards just because those $10 cash back checks don’t seem to amount to much.
Expedia coupons is among the best for travel discounts. They are updated frequently and the prices are just awesome..
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