We’ve compiled some of the top 6 tips for accumulating credit card reward points faster so you can be listening to your new ipod or enjoying the holiday of your dreams before you know it but don’t forget to check out our featured instant approval credit cards on our homepage before you go.
1. Compare Rewards Card & Use The Right One
There are some credit card lenders that offer customers two cards linked to the same account. For example, Westpac offers an American Express card, as well as either a Visa card or MasterCard. Both cards are linked to the same credit limit and all the transactions are shown on the same statement.
Yet you can increase your credit card rewards points more quickly by using the right card. In many cases, lenders will offer you more points for using your American Express card to pay for purchases. Generally you’ll earn around 2 points for every $1 you spend, whereas if you use your Visa or MasterCard, you may only earn 1 point for every dollar.
2.Change Reward Cards
If you’re intent on finding ways to increase your credit card rewards points, then you’ll need to know you can redeem them for rewards that are worthwhile to suit your needs. For example, if your current card only offers frequent flyer points and you’d prefer to spend your points on shopping vouchers for other things, it may be worth switching.
3 .Use Your Card Whenever You Can
If you’re serious about earning more points, you’ll need to use your credit card for all the bills and purchases you regularly make. Use your credit card for bills, gifts, groceries and petrol then transfer the funds from your bank account straight away so you’re not accruing interest against the purchases. This is the best way to increase the accumulation You’ll be receiving more rewards points, but you won’t be increasing your debt this way.
4. Shop With Rewards Card Partners
Most credit card rewards programs offer the chance to earn double or triple points if you shop with their partners. These are usually selected retail outlets that offer you additional points when you make purchases with your credit card through them.
5. Take Advantage of Promotions When Extra Points Are On Offer
Subscribe to your credit card rewards program email notifications. These generally notify you of special promotions at partner stores with opportunities for bonus points.
6. Consider Upgrading to Gold or Platinum
Most credit card lenders will offer the highest rewards points per dollar spent on gold and platinum credit cards. Be prepared as you will incur higher annual fees with these cards, however by following our tips on how to accumulate credit card rewards points faster you will easily recoup that extra cost by earning more points and redeeming them for the rewards you want faster.
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