How Can You Earn Maximum Reward Points on Credit Cards? - Loan Trivia

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Monday, 28 January 2019

How Can You Earn Maximum Reward Points on Credit Cards?

Credit cards come with a host of features and benefits. The best credit card often has cashback, waiver on fuel prices, gift vouchers, discounts on flight tickets and hotel bookings, etc. It gives users a chance to earn well-deserved remunerations on the money they spend.
You need to know every detail of a feature-packed credit card to make sure you don’t miss out on any of the benefits. Let’s take a look at some easy ways to maximise the credit card reward points.

Choose the right card
The first step to accumulate reward points is to choose the best credit card as per your spending habits. You can also opt for purpose-specific cards which provide more rewards on specific usages.
Divide the cost
It is a good idea to own 2 credit cards and divide your expenses between them. Use the one which offers the maximum reward points for daily expenses and the other for occasional outgoings. For example, use the best credit card for groceries, fuel bills, etc. and another for paying your restaurants and amenity bills. This way, you can accumulate maximum reward points on your transactions.
Different types of reward programs offered with credit cards
Credit card companies offer a host of reward programs for the cardholder. These can be divided into –
> Travel rewards – Some credit cards offer redeemable points for discounts on hotel fees, airlines booking, etc. You can also get complimentary airport lounge entry.
> Shopping rewards – There are credit cards which offer more discounts, cashbacks, e-vouchers when used at shopping outlets and online purchases. This type is the best credit card for heavy spenders and can also earn them reward points.
> Fuel rewards – Lenders may offer fuel surcharge waiver of up to Rs. 150 by paying via fuel credit card at petrol stations.
Following the tips mentioned above can maximise your chances of earning those redeemable credit card rewards points. Just be responsible when using your credit card. 

Additional Read: How Credit Card Reward Points Work?

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