You can enjoy rewards, discounts and cashback using your credit card. These benefits are even available on credit card payments through credit card. Its uniquely designed reward points system allows you to save more on your purchases. You need to make more purchases to earn higher points, which can sometimes lead to overspending.
But you can avoid overspending and get more reward points with some smart strategies. Here are some you can try.
Know How the Reward Points System Works
Every credit card has its own unique reward points program. Before choosing a credit card, understand how the issuer allocates the points. Knowing this will enable you to find out spending in which category will give you maximum reward points.
- For example, the reward points start at 1 point for every ₹xxx spent. The basic value of xxx varies depending on the type of card.
- Points can be earned and multiplied at a rate of 2X, 3X, or even 5X, depending on the card.
- Most card issuers provide additional points as a yearly bonus if you spend a particular amount through your credit card.
Get a Credit Card More Aligned to Your Spending Habits
Applying for a card that matches your spending habits is very important when you want to earn more rewards.
- For instance, a movie credit card will be quite beneficial to individuals who frequently watch movies at multiplexes.
- Similarly, a diner credit card is quite advantageous to people who love to eat outside and enjoy ordering food online.
If you want maximum reward points, then getting the right credit card according to your preferences is crucial. Don’t forget to check the CIBIL score required for the credit card you are applying for. This will help boost your chances of approval.
Look For Welcome Rewards Like Bonus Points
When you look for a new credit card, keep an eye on the welcome bonuses that it offers. Issuers offer bonus points upon joining or completing a small milestone after getting a new card. While bonus points are attractive, it is essential to maintain a balanced approach.
- Overspending just because of a target milestone can crumble your finances.
- By being aware of possible risks, you can enjoy the benefits of welcome bonuses without compromising your long-term financial goals.
Check For Limited-Time Deals
Are you taking advantage of the limited-time deals offered by your card issuer? If not, make sure that you’re signed up for their marketing emails. This allows you to bank on the latest offers. Avail of these offers and maximise your chances of getting high reward points.
Multiply Your Reward Points
If you have many cards from the same issuer, it is an excellent opportunity for you to multiply your points. This allows you to combine your points and get more rewards.
- For instance, if you have a shopping credit card that gives you 2X reward points on purchases made through e-commerce sites. Use it every time you order something on Amazon or Flipkart to earn maximum rewards points.
- If you have another credit card that offers rewards like air miles on travel, use it to book your flight tickets, reserving hotel rooms and more.
- Now, if you accumulate points from both cards, you can get amazing rewards.
The availability of this facility depends on the issuer, so make sure you check this before applying and spending.
Track Your Expenses Regularly
Monitoring your expenses is a green light to better financial management. It will help ensure you don’t overspend and the balance payable is manageable. But how does it reduce reward points? Well, if you have an outstanding balance, you have to repay the remaining amount with high interest, which can negate the benefits and rewards you get.
Paying Your Credit Card Bill on Time
This has a significant impact on boosting your credit score and making the most of your credit card. Never underestimate its importance. Carrying a balance may eliminate any earnings from your credit card’s rewards programme. To avoid missing out on rewards and collecting debt, pay off your entire account balance each billing cycle. You can even make credit card payments through credit card to avoid having an outstanding balance.
If you are looking for a powerful card that gives you higher reward points without overspending, then the One Credit Card can be a good option. Get up to 5X rewards in every month’s top two categories out of three. For instance, if you shop, travel, and dine more each month. But your highest spend is on shopping and dining, you get 5X points on them.
To ensure that you don’t overspend, the full-stacked One Credit Card App is there for your rescue. Monitor every transaction and the reward points earned for each of them with just a few clicks. Get alerts from the app when you are near your spending limit, and never worry about overspending. Apply now to earn high reward points without overspending