Credit Card Rewards – Tips to Reap Maximum Benefits


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Credit Card Rewards – Tips to Reap Maximum Benefits

Credit Card Rewards – Tips to Reap Maximum Benefits

Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.

Credit card rewards are like a little reinforcement we get to use the credit cards. It is a reward that the credit card companies shower on us for showing loyalty towards them. All major and minor credit card companies are now offering various rewards to their customers, but you should be smart enough to take advantage of them.

Tip 1: Know the Reward Programs

There are different kinds of rewards programs and you can choose a credit card that assures you best credit card rewards. You have scope to earn more rewards if your choice of card is right. There are cash back offers, rewards on fuel expenditure, rewards for mobile phone usage, rewards for frequent shopping etc. If you are the kind who is constantly traveling, a fuel points reward scheme will give chance to earn more rewards. Similarly, shopaholics can make best use of frequest shopper rewards etc.

Tip 2: Choose Cards With No Fees

If you want to ensure that the credit card rewards you are getting is not more than what you cough up to do so, ensure that there are no annual fees that you have to bear for the card. Sometimes, when the credit card companies charge an annual fee, they assure you a scheme in return. For instance, your credit card may want you to pay an annual fee so you can get 2% cash back offer. The point is that you must not feel forced to spend a huge amount to avail that 2% cash back offer.

Tip 3: Remember to Redeem the Points on Time

You may have planned your expenditure right so you can make the best of credit card rewards, but of what use could it be if you forget to redeem it before the stipulated time? Set reminders so you do not forget the last date before which the redemption of points is a must.

Tip 4: Plan it Right

The credit card rewards also have an upper limit. For instance, you may be eligible for a cash back offer on your fuel expenditure only till you reach a $300 limit. If you are not aware of it beforehand, you may end up spending your money thinking you will get credit cards rewards, but may burn your own pockets instead. Hence, do not spend simply to avail the credit card rewards and also, take time to understand your reward scheme and its limitations.

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.

Related Research:

Citi Premier® Card – A World Elite Mastercard Travel Credit Card

Citi Premier® Card – A World Elite Mastercard Travel Credit Card

Posted: February 10, 2021

Citi, a advertising partner, offers the Citi Premier® Card, which gives elevated ThankYou points for your travel expenses and, with the recent update of the rewards program, for purchases at restaurants, supermarkets, and… Continue reading

Discover it® Miles Review: Turn Miles Into Travel Experiences or Cash

Discover it® Miles Review: Turn Miles Into Travel Experiences or Cash

Posted: February 10, 2021

Many travel credit cards come with tempting perks, requiring some effort bonuses, a complicated rewards structure, and steep annual fees. The Discover it® Miles is probably the best Discover card for travel, especially if you do not travel… Continue reading

Top 5 Secured Credit Cards: October 2021 – Experts’ Choice

Top 5 Secured Credit Cards: October 2021 – Experts’ Choice

Posted: October 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… 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!