Credit Cards

These 3 moves could make it easier to earn more credit card rewards

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Get ready to start racking up those rewards.

Key points

  • Credit cards commonly reward you for purchases you’re already making.
  • A few strategic moves could earn you more rewards this year.

One of the best things about using credit cards is racking up rewards on your purchases. Sometimes those rewards come in the form of cash back. Other times, they come in the form of airline miles or hotel points that can be redeemed for a free stay. Or, your rewards can be gift cards at your favorite retailers.

But either way, credit card rewards have a lot of value, so your goal may be to rack up as many as possible. And if you make these three moves, you could end up making it this year.

1. Apply for new cards with registration bonuses before making large purchases

Many credit cards offer sign-up bonuses for spending a certain amount of money within a few months of opening a new account. However, the problem with signup bonuses is that some come with high spending requirements which can make those bonuses more difficult to obtain. But if you schedule your apps at the right time, that might not be a problem.

Imagine that you are traveling to a wedding this summer and intend to book your flight in May. If you get a new credit card with a sign-up bonus right before you make those travel arrangements, you may have an easier time meeting the spending requirement to get that bonus. Likewise, if you’re planning on doing a home improvement project in June that’s likely to result in a $1,500 bill at the hardware store, it’s worth applying for a signup bonus credit card a few weeks before your job starts.

2. Pay attention to the categories of renewable bonds

Some credit cards offer rotating bonus categories that can reward you quite handsomely. For example, you may be eligible for 5% cash back on gas during the second quarter of the year and 5% cash back on department stores during the fourth quarter of the year.

Be sure to pay attention to when your cards offer additional rewards. Better yet, make a reward calendar so those bonus categories are easier to track.

3. Look for new deals even if you’re happy with your existing cards

You may have a bunch of credit cards with generous rewards programs. But that doesn’t mean there isn’t a better deal out there.

Credit card companies are constantly finding new ways to entice consumers, so it pays to research offers every few months and see what’s available. At the same time, it’s worth working on increasing your credit score or keeping an already strong score in good standing. The higher that number, the more likely you are to qualify for the best credit card offers that come along.

Credit card rewards are a great thing to rack up. Cash back can help offset the cost of your purchases, and airline miles and hotel points can allow you to travel more and enjoy different experiences. These three tips could be your ticket to more rewards, so be sure to incorporate them into your financial routine.

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