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Offbeat 11 Ways to Accumulate Credit Card Rewards and Points Faster

13:45  30 august  2018
13:45  30 august  2018 Source:   fool.com

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Maybe your credit card offers extra points on travel spending, and the issuer has another card that offers extra points on groceries and gas. Adding someone as an authorized user makes you responsible for any debt they accumulate and fail to repay. It also means that any mistake you make

The 11 credit card point hacks below would help you do just that. But signing up for a card with a big points offer can be a great way to jumpstart your points , and there is even a This one’s a pretty simple way to earn credit card points fast . Using your credit card for all of your eligible spending

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Not having a rewards credit card is a waste of a good credit score, but owning a rewards credit card without maximizing your points is just as wasteful.

There are plenty of ways to collect extra points, miles, and cash back without spending extra money. Follow these simple credit card tricks, and you could be adding a zero or two to your points balance in no time.

Couple up your credit cards

.© Getty Images .

Maybe your credit card offers extra points on travel spending, and the issuer has another card that offers extra points on groceries and gas. Consider getting a second card and switching them up depending on what you're purchasing in order to maximize rewards.

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The fastest way to build a bank of Capital One miles is through sign up bonuses. After selecting the business credit card that best fits your spending profile With Capital One, cash-back is also allowed to accumulate in your account so you can save for a large statement credit or significant purchase.

Credit card reward points and credit card miles are quite possibly the very same thing, but each with a different name. Where a certain amount of spending Travel miles cards are designed specifically for travelers. They accumulate the largest number of rewards for travel related purchases, and the

Transfer unused points

young woman holding credit card and smartphone and thinking with chin on fist© Getty Images young woman holding credit card and smartphone and thinking with chin on fist

If you have a few thousand points sitting around in a rewards account you no longer use, you might be able to transfer those points to the rewards account you're currently using. Check your rewards program's point transfer policies and partnerships.

Put home improvements on the card

Man standing on a ladder while putting up a light during a renovation project© Michelle Gibson/Getty Images Man standing on a ladder while putting up a light during a renovation project

Planning on renovating the kitchen or adding a spare bedroom? Put those expenses on your rewards credit card, as long as you aren't charged a fee to do so.

Add an authorized user

A young woman pays with a credit card.© Blend Images - Mark Edward Atkinson/Getty Images A young woman pays with a credit card.

This one requires a judgment call on your part. Adding someone as an authorized user makes you responsible for any debt they accumulate and fail to repay. It also means that any mistake you make, such as a late payment, will show up on their credit report, affecting their credit score. However, if you're sure you can trust each other, many credit cards give you extra bonus points -- usually around 5,000 -- for adding an authorized user who makes a purchase in the first few months. Plus, if that authorized user adds additional expenses to your card, the points they accumulate are added to your account.

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The IHG® Rewards Club Premier Credit Card helps you accrue IHG Rewards Club points 11 . Protect the Environment. Bet you didn’t know you can earn IHG Rewards Club by conserving water IHG really does offer plenty of ways to earn IHG Rewards Club points . Simply pick the strategies

Chase Ultimate Rewards points are one of our favorite rewards program currencies, for a combination of reasons: Ultimate Rewards points are far more valuable than the average rewards point , you have many options for racking up bonus points – including several credit cards that offer generous

Pay your mortgage or rent with a credit card

A POWERConsulting & Real Estate for rent sign stands in front of a row house in the Logan Circle neighborhood of Washington, D.C., U.S., on Sunday, March 25, 2012. Andrew Harrer/Bloomberg/Getty Images© Andrew Harrer/Bloomberg/Getty Images A POWERConsulting & Real Estate for rent sign stands in front of a row house in the Logan Circle neighborhood of Washington, D.C., U.S., on Sunday, March 25, 2012. Andrew Harrer/Bloomberg/Getty Images

Services like RadPad and Plastiq let you pay your rent with a credit card. Your landlord doesn't even have to sign up; these websites send a rent check to your landlord on your behalf. Unless you find a promotion, it will cost you a 2%-3% transaction fee. This means you're paying 2 to 3 cents per $1, so you need to be getting back more than 2%-3% in rewards to profit. If you're trying to hit a minimum spend requirement to get the sign-up bonus on a credit card offer, the 2%-3% fee is almost always worth it.

Pay tuition with a credit card

Family Helping Son Move into College Dorm© Yellow Dog Productions/Getty Images Family Helping Son Move into College Dorm

If you're covering tuition for your kid, you might as well get a reward for all the money you're spending. Most colleges now allow you to pay tuition with a credit card, although many charge a fee. If you're lucky and the college you pay doesn't charge a fee for credit card transactions, charge away. Just make sure you have the funds to pay off your credit card immediately.

4 tips to maximize your rewards credit cards

  4 tips to maximize your rewards credit cards Know how to use your card so you don’t leave points and rewards on the table.Load Error

All accumulated cash back is automatically redeemed on the last day of the December statement, resulting in your cash back balance being reset to zero, and applied as a credit on Flight availability and Points required will vary, depending on time of booking, popularity of flight time and prior bookings.

Rewards credit cards let you earn cash back, points or miles that can enhance the value of paying with a Don't miss: The 3 worst ways to redeem credit card rewards . Many Chase credit cards earn Ultimate Rewards points and provide the flexibility for points to be transferred between cards .

Pay your taxes with a credit card

  11 Ways to Accumulate Credit Card Rewards and Points Faster © George Pchemyan/Getty Images

As of 2018, the fee for paying any taxes you owe the federal government is 1.87% to 2%. That means this option is only worth it if you're getting more than 2% back, which can be in the form of high value points or a good cash-back credit card. If you're trying to meet a minimum spend requirement for a sign-up bonus, this option has lower fees than paying your rent online.

File a complaint

Customers in line to bank counter.© Hiya Images/Corbis Customers in line to bank counter.

Did you recently experience an inconvenience with the airline or hotel chain you're trying to earn points for? Whether your flight was seriously delayed or your room was overbooked, complaining to the company will often result in them depositing a generous amount of miles or points into your account in exchange for your forgiveness.

Buy gift cards

A gift card rack is seen at the Barnes & Noble store November 21, 2008 in Miami, Florida. Analysts expect gift cards to be a big seller this holiday season. (Photo by Joe Raedle/Getty Images)© Joe Raedle/Getty Images A gift card rack is seen at the Barnes & Noble store November 21, 2008 in Miami, Florida. Analysts expect gift cards to be a big seller this holiday season. (Photo by Joe Raedle/Getty Images)

Buying gift cards for places where you know you'll shop is an effective way to hit a minimum spend requirement. This can also be a good way to get extra cash back. For example, if your credit card offers 5% cash back on groceries, then buying restaurant or department stores gift cards at your local grocery store may let you get 5% cash back on purchases that aren't part of your bonus category.

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Close your credit card -- and then reapply

Man cutting a credit card.© George Doyle/Getty Images Man cutting a credit card.

Some credit cards only allow you to get a sign-up bonus once in a lifetime. However, other offers simply state that you cannot earn the sign-up bonus if you've already earned it once within the past 24 months. So, if you've had your rewards credit card for more than two years, you may be eligible to get the sign-up bonus again by closing it and reapplying. Just read the terms of the sign-up bonus carefully to make sure that you qualify. Also be aware that closing a credit account may ding your credit score by lowering your average account age.

Redeem your rewards wisely

Travel documents on laptop keyboard.© VisualField/Getty Images Travel documents on laptop keyboard.

Accumulating points quickly is only half of the process. In order to get the most out of your rewards, you have to redeem them wisely as well.

To choose what you want to redeem your points for, calculate how much you'd typically spend on your award redemption and divide that by the number of points it costs -- that's the value of each point, and you should aim for at least 1.5 cents. Redeeming points for products on a marketplace or for cash will typically get you the lowest value per point, while redeeming them for travel rewards like flights and hotels tends to get you the highest value.

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Remember to weigh the costs of these methods with your potential rewards. After all, it's never worth it to spend more than you earn. It's also not worth charging more than you can afford to multiply your rewards, as credit card interest rates will surely cancel out any benefit. Whatever you do to earn points faster, don't let it get you into debt.


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