HOW TO USE CREDIT CARDS TO EARN REWARDS AND CASHBACK?
Choose The Right Credit Card:
It’s important to choose a credit card that offers rewards and cashback on the types of purchases you make the most. For example, if you frequently travel, a card that offers points or miles for travel purchases may be a good fit.
Meet The Requirements:
Some rewards programs have requirements that must be met to earn rewards or cashback. For example, some cards may offer a sign-up bonus for spending a certain amount within a certain timeframe.
Use The Card For Everyday Purchases:
Use the credit card for everyday purchases like groceries, gas, and bills. This will help you earn rewards and cashback faster. However, it’s important to only use the card for purchases you can afford to pay off in full each month to avoid interest charges.
Pay Off The Balance In Full:
Paying off the balance in full each month is crucial to avoid interest charges, which can quickly offset any rewards earned. Make sure to budget and plan your purchases accordingly to ensure you can pay off the balance each month.
Redeem Rewards Wisely:
Once you’ve earned rewards or cashback, make sure to redeem them wisely. Some cards may offer more value for certain types of redemptions, such as travel or statement credits.
