By financen | April 26, 2008 - 5:34 am - Posted in Credit Card

Are you getting the maximum benefits from your credit card reward programs? There are so many people who use their credit cards in a fancy way, using specific reward cards for specific purchases. People using multiple cards purchase gas by one card, groceries by another card and their air travels are completely done in a separate card. If you are able to use the credit cards as per the rules, you have got the most of it otherwise it can often become a headache. Here’s how you can still reap the benefits of rewards cards by following these simple rules below.

First apply for a credit card that gives you the most reward programs. For example, if you are a pet lover, then you would definitely like to use a reward card that gives you points fro buying pet merchandise and veterinary services. On the other hand, if you have a reward card that gives you the most number of points for online purchases and you are not using it often, you are not making the full use of that particular reward card from that financial institution. If your job requires a lot of traveling, then you should find one reward card that will give you maximum points on gas purchases, rental cars, and even airline miles. If you are able to make the maximum use of your reward cards from your every day purchases, these cards will prove valuable in the long run.

There are certain predictable recurring charges on the credit card which can be paid off by using the reward points on that card. This way you will not have to spend extra money and your reward points will prove helpful. There may be some special promotions offered by your credit card company. Make sure that you keep an eye on such limited period offers. You should also note that the reward points you earn on the credit card is not going to last forever. It has a limited time frame before the points expire. When you apply for a credit card and are well aware of the terms and conditions, check the special offers that can help you earn reward points faster. To earn more reward points, you can work out an agreement with your company to make office purchases through your card and you will earn more reward points. Later, your company will reimburse your expenses. This is certainly going to add up more reward points sooner.

While you are making the full use of your reward cards, make sure that you don’t make any late payments. If you are late in your payments, your credit card company might have one term through which they can forfeit your points. If you have already lost your reward points because of some missed payment, you should immediately call the credit card company and negotiate with them to reinstate all the points to your account.

Review the catalogs from your credit card companies. You will find many items that can be redeemed with your existing points. If you face any problems, you will be able to get the assistance from the customer care of the credit card company. They will be happy to assist you in redeeming your reward points.

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