As the holiday season approaches, now is the perfect time to start thinking about using your credit card rewards to save money on gifts and travel. With some planning, you can maximize your rewards and make the most of your holiday spending. Here are some tips to help you get started.
Chase Sapphire Preferred® Card
Plan your holiday shopping and make a list of the items you need to buy
During the holiday shopping season, it is essential to plan. Consider shopping online to save yourself from long shopping lines and busy shopping malls during the holiday rush.
Stores like Amazon make shopping for gifts a breeze. Start by listing the items you need and researching the best prices in advance.
This will help keep you organized and on track to purchase presents without breaking your budget or feeling overwhelmed. Planning your shopping will help ensure that all your holiday shopping gets done stress-free and on time!
Find out which credit cards offer the best rewards for your spending habits
If you think rewards credit cards might be a good fit for your spending habits, it's essential to look around and compare American Express offers. When you select a card based on rewards, you can benefit from accumulating points or miles that can eventually be redeemed for flights, hotel stays, or even cash back.
Many membership rewards-earning cards also allow customers to shop at online shopping portals and make their purchases through them, which then earns them extra points and miles to accumulate. Furthermore, many AMEX offers come in the form of churning bonuses.
If you had previously held the same card and switched it out to the same one again after 12 months (or more), then Amex will reward you with points or bonuses for doing so!
Researching the best rewards credit cards for your spending habits will allow you to maximize discounts and get total value from all your purchases - so what are you waiting for?
Use a credit card that offers cash back or points for every purchase you make
Maximize your rewards using credit cards that offer cashback or points for every purchase. Doing this can help increase your credit score over time, as credit history plays a significant factor in credit ratings.
You can use a cashback monitor, such as Rakuten's Cash Back monitor, to find credit cards that offer the best deals and most significant rewards for each type of purchase. Many credit card issuers provide tips for travel and special portal offers for online shopping.
Keeping an eye on those and making intelligent decisions when choosing your credit card can help you maximize your earning potential with every transaction you make.
Pay off your balance in full each month to avoid interest charges
Paying off credit card balances in full each month is a great way to ensure that interest charges never impact your credit score. Although paying the balance in full when making holiday purchases is difficult, it's an essential strategy for maintaining a healthy credit score and avoiding costly interest charges.
It's helpful to practice good credit management habits like comparison shopping and budgeting to stay on the official of credit card spending. This will help to offset any imbalance while allowing you to enjoy holiday activities without incurring unnecessary credit card debt.
Buying gift cards
Purchasing gift cards is one of the best ways to save on everyday items or to give the perfect present to a loved one. Many credit cards offer amazing discounts when you buy gift cards, and many credit card companies offer 5% cashback or reward points for purchases.
Chase Ink Cash, in particular, offers impressive travel rewards and points from select merchants, such as office supply stores, when you make qualifying purchases. With these benefits in mind, buying gift cards can save money over time.
Enjoy your holiday season stress-free, knowing you're getting the most out of your credit card rewards!
The holidays are a time of joy and stress, but with the right credit card in your pocket, you can turn the stress into savings! Maximizing the rewards associated with your membership rewards points and earning rates is a great way to save money and get more bang for your buck.
Maximizing credit card rewards aren't limited to holiday shopping – it applies year-round. Be sure to take full advantage of whatever rewards program or rewards shopping portal you're enrolled in so that come January; you'll be able to look back on your holiday season knowing that you've made the most out of every purchase.
With some planning, you can take advantage of credit card rewards to ease the financial stress of holiday shopping. Following our tips, you can make the most of your credit card spending and enjoy a debt-free holiday season. What are your best tips for using credit card rewards? Let us know on Twitter!
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