Ask Yourself: Do You Know How To Make The Most Of Your Credit Card Rewards Program?

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Ask Yourself: Do You Know How To Make The Most Of Your Credit Card Rewards Program?

Ask Yourself: Do You Know How To Make The Most Of Your Credit Card Rewards Program?


Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.
Give it a bit of thought, are you taking the most advantage of your credit card rewards program that you can be? Here are some things to ask yourself in order to find out: Do you really get the way your card’s rewards process works? Gaining a thorough understanding of how the rewards program of your particular card works will require a little bit of work on your part. Start by visiting the card’s website and reading all of the available information on their rewards program. You can also review your past statements and other literature sent to you by your credit card company through the mail to see if that provides any additional details. Look for whether or not your rewards points have an expiration date – some do and some don’t, depending on the issuer. If you have any additional questions that you can’t find answers to, call up your credit card company and speak with a customer service representative. If you are able to sit down and do this research prior to applying for a rewards credit card, which is ideal, make sure you take the time to compare the programs different cards have to offer. While some may be similar, no two are exactly alike. Do you know exactly what your rewards are redeemable for? You should get into the habit of checking out your rewards balance whenever you review your credit card account and go over your statement to monitor your spending and check for fraudulent activity. Begin to consider rewards as a way to meet your financial goals by identifying things that you would like to cash them in for – for example: a trip, a big ticket item or a gift card. After identifying what you want to “spend” them on, keep an eye on your rewards to monitor your progress as you near your goal. Are the rewards offered a good fit for your lifestyle? To ensure that you will utilize all of the rewards points you earn on your credit card, make sure that they are redeemable for goods and services that you already buy and use on a regular basis. Reward perks are not all that useful or helpful if they are for places that are out of your way or for items that you would not typically purchase. Likewise, you don’t want to alter the way you spend simply to rack up rewards. Do you like what your credit card rewards program is offering you? If you already have a rewards card and find that you simply don’t have much personal interest in the perks it avails to you, you could apply for a different card or you could use the rewards from the one you currently have to buy gifts for others or donate the items you get in exchange for your points to charity. Many programs offer gift cards as an option which can come in handy around the holidays or for last-minute gifts at other times throughout the year. If you have a sizeable amount of debt, you should probably not focus on your rewards program until you pay it down and instead concentrate your energy on getting your outstanding balances to zero.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!