Credit Cards

How To Rack Up Credit Card Points

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 8 minute read

Traveling is a great way to rack up rewards points, but it is by no means the only one.
Credit card points can be earned in a variety of methods that don’t necessitate travel. No matter how much time you spend traveling, your most valuable points will come from the money you spend in your daily life.

The preceding week, for example, might serve as an example. How many times a week do you shop? While on your route to work, did you fill up your tank? Have you made any payments on your accounts? A little ingenuity is all that is required to maximize your credit card benefits. If you don’t currently spend money on the things listed here, the goal is to see how you can maximize your point-earning potential by recognizing what you’re already spending money on.

Credit card point-earning ideas that don’t need a trip

If you’re not using your credit card as frequently as possible, you may be missing out on a considerable number of points. Make sure to use your credit card whenever possible, as many of the finest travel credit cards and rewards cards provide at least one point for every dollar spent.

Eat at restaurants and pick up groceries

If you’re a self-proclaimed gourmet, you’ll appreciate the various credit cards that reward regular eaters with significant rewards. With a credit card, you can maximize your earning potential whenever you’re hungry, whether you’re dining out or eating at home.

Fill the gas tank

If you spend a lot in a certain category, you may be able to rack up points rapidly with a rewards credit card. In most cases, unless you’re driving a totally electric vehicle, topping up your tank is neither unusual nor inexpensive. Earning rewards on petrol purchases is necessary, and with some credit cards, it can be a highly consistent method to earn points, whether you go to work every day or perhaps once in a while.

Uber or pay for parking

Traveling locally may still earn you miles and points, even if you don’t go on an aircraft. From Uber trips to parking payments, you may earn points with certain credit cards.

Some credit cards reward customers who use them to travel by giving them extra points for things like bus fares, taxi fares, tolls, and parking fees. Taking advantage of the additional points for these charges can quickly increase your earning power.

Use credit card shopping portals

A credit card issuer’s online shopping site, such as Shop with Chase, is a popular way for businesses to market their products and services to consumers. Bonus points or cashback can be earned in addition to the incentives you normally receive from the credit card.

Check your credit card’s gateway first before making a purchase from a company’s website. Make the most of each and every opportunity to rack up points when buying online.

Check out special offers and deals

As an added bonus, many credit cards provide additional incentives and bonuses on top of the points you could receive in any given area. Access to Amex Offers is included in all American Express credit cards. You may save money on anything from meals to streaming to shopping to hotels to gift card purchases with these deals.

Refer friends

If you have a credit card that suits your needs, but not the needs of everyone else, recommending it to a friend or family member who qualifies and benefits from it might earn you a substantial bonus. The actual amount you can earn varies from lender to lender and from card to card.

Make the most of your welcome bonus

The sign-up bonus is one of the most appealing aspects of a new credit card. Spending minimums might range widely, with the more you spend, the greater the incentive you’ll receive. It’s critical to choose a card with a payout threshold that you’re confident you’ll reach, or you run the risk of missing out on a large payout.

In addition to receiving a bonus when you meet a spending threshold, you may also receive points for every transaction that helped you get there.

Add an authorized user

Simply by increasing the amount of money that is being spent, an authorized user can help you earn more points. A person you may add as an authorized user will earn points for every transaction they make on your account.

Remember that you are ultimately accountable for everything that occurs on your account, and you should only consider adding someone as an authorized user if you have confidence in them.

Turn on the perks.

In terms of earning potential, rotating bonus categories, such as those offered by the Chase Freedom Card, might be a wonderful option. If you can take full advantage of the rewards calendar, you may earn up to 5% cashback in these bonus areas. Merchants like petrol stations, restaurants, supermarkets, ridesharing platforms, and Amazon are just a few examples of the businesses that fall into each category.

Reimburse friends or your company for your expenses.

After a night out with pals, I’m the first to hand my card to the server so that no one else may suggest sharing the tab. Then have your pals Venmo give you the money they owe you when they’ve done the same. You’ll be able to earn points for both your meal and theirs this way.

Take advantage of this point-earning opportunity if your company reimburses you for travel or other business costs. Use your credit card to cover the costs of the paperwork and the bonus points.

For every purchase, use the proper credit card

Making an informed decision on which credit card to use in any given scenario might be the difference between accruing rewards and not.

If it makes financial sense for you, try carrying numerous credit cards in your wallet to handle all of your spending needs, including fuel, eating, grocery, travel, and more. Then, use the card that delivers the most points for each area of expenditure. “

Pay your rent

Using a credit card to pay your rent is a great way to rack up some points. Your property management may or may not allow this, but it’s worth finding out. Some landlords may enable you to pay your rent with a credit card, but they will charge you an extra fee for doing so. If you pay your rent online, you should be able to locate this information in your lease or on the payment site.

Alternatively, you may use Plastiq, a bill-pay service that lets you use your credit card to pay for almost any purchase, even your rent. If the charge is greater than the value of the points you may receive, this may not make financial sense.

Use a mobile payment app such as Apple Pay or Chase Pay

There is a good chance that Chase Pay will be included in Chase Freedom’s incentive categories in the future. To utilize this service, link a credit card to your cell phone and use it whenever you’re at the checkout counter. Additionally, you may make some extra cash with each transaction by using this method of payment. It’s a win-win situation.

Pay for repairs on your house or car

Bonus categories for home and auto repairs may not be included in a credit card’s rewards program, but you may still rack up points on every transaction if your vehicle or home is in need of repair. It’s never a bad idea to inquire if a smaller home improvement contractor accepts credit cards for payment.

Using a credit card to make a car purchase

Some credit card providers enable cardholders to charge a percentage of vehicle purchases to their credit cards; the amount varies by lender. To avoid paying interest for a period, you may place some of the cost of your vehicle on a credit card with a 0% introductory APR (annual percentage rate). When the promotional term ends, your APR will most certainly climb, and this rate may be greater than what you’d get with a typical vehicle loan.

Pay your taxes

When tax season comes around, if you owe the IRS, using your credit card to pay the bill might earn you some rewards. Make sure you don’t end up spending more in fees than the points you’ll earn by using a credit card.

Real estate taxes are treated in the same way as other types of fees and charges. To pay property taxes online, many towns have their own websites, however, there is generally a convenience charge attached. Your best bet here could be to take advantage of an initial APR of 0% if it’s available.

Insure yourself financially

Consider using your credit card instead of a bank account to pay your insurance premiums so that you may maintain collecting points. If you pay for your insurance coverage using a credit card, you may be eligible for additional rewards.

Pay for student debts with a credit card

This may only make sense if you have the funds on hand to pay off the loan fully, as federal student loans normally have lower interest rates than credit cards. Whether you’re ready to pay off a student loan, see if you can do it using a credit card to gain points, and then promptly pay off the credit card.

If you move the debt to a credit card, you may lose some student loan protections, such as deferral, loan forgiveness choices, death discharge, and disability discharge.

Use a credit card to fund a new bank account

You can discover sign-up bonuses for creating a new checking or savings account, and some banks may enable you to use a credit card to finance it, as well. With the ability to use a credit card to make a deposit, you may get a large sign-up bonus and reward points. It’s possible that there are restrictions on the amount of money you may put on your credit card, and additional fees may be charged.

Ask for a bonus to keep your staff.

Call the company and ask for a “retention incentive” if you’ve been a longtime client. As an expression of appreciation for your patronage, inquire whether the card issuer may credit your account with a recent bonus for which you are eligible. There’s no harm in trying, even if it doesn’t work.

Bottom Line

If you’re not a frequent flier, don’t worry about missing out on points. Spending on necessities like petrol, groceries, and utility bills is where you’ll find the majority of opportunities to rack up reward points. Use a rewards credit card for as many purchases as possible, and constantly keep track of which card you’re using in order to optimize your benefits.

Curated posts

Someone from Columbus, OH just viewed Best Online Colleges for Information Technology Degrees