Maximize Credit Card Rewards to Get More Free Stuff:
Every year over $16 billion is earned by consumers in the form of credit card rewards. But, reports indicate less than 30% of credit card consumers actually take advantage of these free rewards. For those who do cash in their rewards, finding new and clever ways to maximize credit card rewards is very important. With that in mind, here are a few suggestions as to how you can maximize your credit card rewards.
Have a Variety of Credit Cards:
If you are a consumer with good credit and have proven to be able to avoid the pitfalls often associated with credit cards, in having multiple cards, you will earn more rewards in more ways. Many key industry leaders suggest the savvy consumer should have at least six or more credit cards to maximize their reward earnings potential.
Find Online Services to Pay All Your Bills via Credit Card:
There are services online which allow consumers to pay pretty much any bill with a credit card. The key is to make sure you designate one particular card for this purpose and always pay your entire credit card bill off each month as soon as the statement arrives
Let’s say, for example, you pay your monthly house payment, car payment, auto insurance, utilities, and groceries all with the same credit card. Needless to say, it is important that you pay this credit card bill in full to ensure interest fees don’t apply to all these charges.
Maximize Credit Card Rewards:
The bottom line is, in order to increase your spending, increase your credit rating and earn even more rewards, you’re going to have to pay all of your monthly expenses using one particular credit card.
Instead of paying bills from your checking account.. simply use your credit card. Then, once you’ve paid using your card, use the money in your checking account to pay the credit card bill. The credit card companies are fine with this, and there should be no additional fee for multiple payments to your credit account.
The simple solution to maximize credit card rewards is to use your credit cards as often as possible, sign up for as many cards as you can comfortably manage and use the cards which give you the best return on your investment.