Many people think they’re onto a winner when they get a credit card with a good reward scheme, simply by owning it. But there is a way to maximise your reward credit card if you only take a little time and care about it. You can be quids in with very little effort at all…
The basic principal to earn more from your reward credit card is to spend money. You probably already worked that out didn’t you? I’m sure you did. But i don’t mean buying things that you don’t ususally buy or anything like that. The best way to use one of these credit cards is to pay for everything with it! And i mean everything!
You don’t make unusual purchases, that’s the first rule (you can do this with the cashback you earn from your credit card). What you need to spend on your credit card is things that you would usually use your debit card for or perhaps cash. The shopping is one of the big ones on the list. If you have a large family then your weekly shopping bill could really boost the points on your credit card reward scheme. You see, when you think about it, it doesn’ much matter where the money comes from to pay the shopping bill, just so long as it’s paid back. And this is what you must ensure that you do at the end of the month, even if it means taking the money from the bank and placing it in a jar for safe keeping until the end of the month. Then you pay off your credit card bill in full and get all the reward without any of the interest!