Credit Cards: Credit cards may not be liked by everyone, because people often believe that they increase your expenses. However, a wise person knows very well how to make the best use of this plastic money. Have you ever used a credit card in such a way that you realized that it is better for you to pay with the card than with cash? Well, most credit card users do not do this because how can they earn maximum profit from its use? Are unaware of its methods.
Saturn Consulting Group Of Director Nishant Khemani Who said you can’t enjoy maximum credit card benefits? To help you make the best use of your credit card, there are a few things to keep in mind so that you can easily pay even the heavy monthly bills. Credit cards give you reward points for your expenses.
Here you can know what reward points are and how they can prove to be a game-changer in your thinking of using credit cards.
What can you do with reward points?
Cashback – You can exchange your points for cashback. The amount earned against the cashback points you have received so far will be credited to your credit card. You can use it to settle any pending loan or make any of your pending payments.
Vouchers – You can exchange your points for different vouchers on online shopping. You can also redeem them by purchasing from the bank’s partners. You can mainly use these to get discounts on flights, hotel booking, shopping etc.
Catalog
You can choose from a variety of daily use products, electronic items, etc. and avail discounts. You can also redeem your points for many services and products.
How to Maximize and Customize Your Credit Card Reward Points?
Decide strategic time for shopping
Banks often offer various offers during the festive season and on other occasions. When bank partners announce sales, shopping at that time is even more beneficial. Sometimes, it also helps to postpone your small purchases until the bank makes an announcement.
heed warnings
Banks can announce huge rewards but with the condition that you have to reach a special spending limit. If you fail to reach that spending limit then no offers may be applicable to you. Keep an eye on how much more you should be eligible for rewards and discounts.
stay updated
The Card Provider may change the terms and conditions of rewards and cashback, validity of reward points, offers and schemes (loyalty benefits) at any time. Be aware of these changes and look for larger contracts that occur occasionally.
Sign-up Bonus
Whenever you sign up for a new card, it comes with a lot of welcome bonus. You can also plan your card purchases to get discounts on your bulk purchases.
Saturn Consulting Group Of Director Nishant Khemani It is advised not to spend money just to get reward points. Whenever you make expenses, use your credit card. Increasing expenses with credit cards can put you in a bad financial situation, so keep one thing in mind. Never spend more than 30 percent of your credit limit, which can help in keeping your expenses under control.
Pay with your rewards points most of the time
By swiping your card, you can instantly redeem your reward points at the counter at the specific partner merchant location. Apart from this, you can use your points to pay for transactions done with certain online merchant partners. After the transaction, your reward points will be adjusted against the value of your purchase.
conclusion
Credit card can become a great tool for you through which you can meet your expenses and also get additional benefits through their reward points. You just have to put into practice the things mentioned here and plan your shopping a little more carefully.
