7 Smart Shopping Tips to Make the Most of Credit Card Promos
Credit cards are among the most popular payment methods used by shoppers nowadays for multiple reasons. For one, credit cards work well for both offline and online transactions, making it a flexible payment option. Another benefit is that they provide users a grace period when paying for the balance, given the nature of credit card billing cycles. Some credit cards may even allow installment plans, which can be particularly useful for big-ticket purchases.
What is arguably the best perk that shoppers can get from their credit cards, however, are the rewards and promos that come with them. A generous credit card promo or rewards program can help shoppers get huge savings on their purchases. For instance, the Landers Cashback Everywhere Credit Card by Maya can provide cashbacks of up to 5% at Landers, 2% on dining spends, and 1% on all other qualified transactions. Through the strategic use of cashback offers and other credit card promos, shoppers can significantly cut down their expenses and enjoy other perks.
If you’re a frequent shopper who mostly uses your credit card in your transactions, then here are some tips to help you further maximize the promos and rewards that come with it.
1. Understand Your Credit Card’s Reward System
Each credit card has a specific rewards structure and understanding this is crucial for maximizing your particular card’s benefits. Make sure to check your credit card’s terms and conditions to understand details such as what amount spent qualifies you to receive a point, cashback rates, and how to claim rewards. This could help you better plan your spending to make the most out of credit card promos. For instance, if your specific credit card provides higher cashback for groceries, then make sure you use it during grocery days to take advantage of that perk.
2. Time Your Purchases with Promotions
Credit card providers often roll out promotional offers during specific times such as holidays, at the end of the year, or when they hold partner brand campaigns. For example, many credit cards double the points earned during the holiday season to entice users to shop more. In this case, you can use the promo period to do your gift shopping ahead of time or stock up on some non-perishables to get more rewards and, in turn, more savings. Given the limited nature of these offers, it’s also best to subscribe to your credit card’s newsletter or other notifications so you won’t miss any announcements.
3. Take Note of Bonus Spending Categories
Some credit cards have bonus spending categories that allow you to earn higher rewards. There are credit cards that may give double the rewards points for purchases made via online shopping, which makes it wise to consolidate your online transactions onto them. By taking note of any bonus categories your own card may have, you can earn points faster and redeem more rewards.
4. Stack Discounts and Offers
One of the most effective ways to save as you shop is by combining discounts. Always check if the store you’re shopping from has any vouchers or ongoing promos as well and see if it can stack up with your credit card’s rewards. If your credit card is already offering 2% dining cashback and you happen to have a discount voucher for the restaurant you’re dining in as well, using both during a meal with a large group can get you more savings. This can be done even easier if you’re shopping online, since all you have to do is check for available vouchers or codes and use all of the applicable ones upon checkout.
5. Shop from Partner Stores
Credit cards often partner up with various stores and service providers to encourage higher usage. This is the reason why some stores are able to provide exclusive discounts or installment plans for specific credit cards. Knowing which stores your credit card is partnered with can help you enjoy those exclusive discounts and maximize the rewards you earn. As an example, if you own the above-mentioned Landers credit card, then consolidating all your grocery shopping needs to Landers Superstores will let you enjoy generous cashbacks rather than go unrewarded in other stores.
6. Redeem Rewards Strategically
Not all credit card rewards are created equal. The value of each one will depend on your lifestyle and where you most frequently spend your money. Frequent travelers may find the best value for their points by redeeming miles to use on their next flight. However, the same cannot be said for someone who doesn’t travel much or at all. It is therefore important to carefully review the rewards available first and take into account your spending priorities so you can choose the rewards that work best for you.
7. Avoid Interest Charges to Preserve Savings
Your credit card rewards will lose their value if you end up paying high interest from unpaid balances. Thus, make it a habit to pay your balance in full each billing cycle to avoid costly interest charges or late payment fees. You can also use your credit card’s accompanying app to schedule reminders, so that you won’t forget when a bill is due.
Shopping with your credit card can be an even more rewarding experience if you’re able to make the most of the promos and cashback offers that come with it. With the tips in this article as your guide, you can use your credit card to get better deals and huge savings each time you shop.
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