10 Tips to Earn More Points and Cashback on Everyday Spending

People think credit cards only give them extra month's credit period and help with some unseen expenses. But the rewards that you can get from your credit cards and on your day-to-day spendings are unmatched. Here are 10 tips on how you can earn more reward points.

Choosing the Right Card

There are many credit cards out there, go with the one that aligns with your spending habits. For example, for groceries, the HDFC Swiggy card can be a great option.

Know Your Reward Programs

Familiarize yourself with your card's rewards structure. Some cards provide tiered perks, such as increased rewards on dining and travel. Knowing these details allows you to strategize your expenditure.

Utilizing Sign-Up Bonuses

Many credit cards offer sign-up bonuses. Spend the required amount within the given time frame, which can sometimes cover the cost of your card.

Utilizing Shopping Portals

Using the bank’s shopping portals for your purchases can get you accelerated rewards on your credit cards. The price might sometimes be slightly higher, but if you calculate the rewards, you might come out ahead.

Switch Expenses to Credit Cards

If there are any expenses that you can switch to your credit cards, do it. Even if it doesn’t get you any direct rewards, it can still be counted in your milestone spending.

Taking Advantage of Limited-Time Offers

Sometimes banks come up with limited-time offers or provide more rewards on transfers to partners. Take advantage of these deals and plan accordingly.

Using Multiple Cards and Dividing Your Expenses

By using multiple cards and using each one for particular expense categories, you can earn more rewards. However, this should be calculated to ensure the benefits outweigh the cost of the cards.

Autopay Your Bills

Set up autopay for your bills so the rewards you are earning are not overshadowed by interest rate and late fee payments.

Milestone Benefits

Plan your year around expenses accordingly to utilize the milestone benefits and get the additional points. If you have multiple cards, the calculation needs to be done prior, and billing dates must be considered.

Redemption

There are many ways to redeem the points you’ve accumulated. Redemption should be made knowing which option gives the most benefits and what expenses you have upcoming. Accordingly, choose between the two and maximize your rewards.

By applying these strategies, you can earn more reward points and cashback on your everyday spending. Plan wisely, and your credit card will become a powerful tool for savings!