Tips to Shop Smartly to earn maximum Reward Points on your Credit Card

With the rise in online purchases, cashless spending is becoming more ubiquitous. Going cashless not only saves your time but also helps you keep a record on your transactions. Credit cards are the most convenient way of cashless spending. Most of the credit cards offer the cardholders various fringe benefits on the purchases. Reward points are one of the extended forms of such benefits. These points can be redeemed for multiple options offered by the bank. Credit card reward points are one of the significant factors that urge the user to spend more using the card.  

If you spend smartly, you can earn more reward points without crossing the line of your transaction limit. The more reward points you earn, the more you can redeem. Here are some tips to shop smartly to earn maximum reward points on your credit card.  

Choose accordingly – While choosing a credit card, try to pick one which suits your spending habits. Banks provide a variety of credit cards to match your needs. If you are looking for a single card for shopping and travel needs, try to choose the card which exclusively meets these needs. Banks offer reward points depending on the type of card. Some cards may offer airport lounge access, while others provide fuel and railway surcharge waiver. Hence, it is essential to choose wisely to enjoy all the perks. 

Redeem the reward points – If you continuously shop using cards, you may be getting credit card reward points based on the amount you spend. Most of the people will save these points for later to spend on something more significant. However, the banks may revise the value of these points occasionally. It is always better to check reward points frequently and utilize them regularly to enjoy the full value of the points. 

Explore the deals and offers – The credit cards come loaded with special reward offers during the festive seasons. Most of us ignore such emails and texts from the banks. But, spending on special occasions can earn more reward points than on regular days. Hence, continually checking the festive offers and deals can get you extra offers and savings. 

Keep an eye on the expiry dates – If you forget to redeem the reward points you earned, it might lapse without any use. The reward points earned on card generally expire in a few months or a year. If you want to redeem it, check the expiry date as soon as you receive it and utilize it accordingly.  

The credit card reward points vary depending on the type of card you hold. But, a continuous delay in the credit card bill payment can forfeit your reward points and cashback. Hence, it is vital to plan and spend wisely to enjoy the benefits of rewards.