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How To Maximize Your Cash Back Credit Card

Apr 14, 2008
If you're into credit cards and rewards, sometimes the best reward to get back is simply cash back itself. What most people realize is how you can benefit and get the most cash back without having to worry about overusing your credit card. I'm going to write an outline on how you can reward the most from your purchases.

Let's put everything on your card

Everyone has their monthly bills that they have to pay. From your mortgage to your car payment, let's try and put as much as we can on the credit card. If you don't know how to pay bills such as your mortgage off with your credit card, simply request checks that are pulled from your credit card account. This will still help you with your cash back rewards and will act like a credit card purchase.

We need to make a bank account for the card

Sometimes people find themselves overlooking how much they put on their card. Since, your bills usually don't change from month to month, set up a bank account that is designed for your bills only. If your monthly bills are say, two thousand dollars, you'll want to keep that much money in your account so that you can pay off your bill in full. Remember, if you can't pay your bill off in full, you won't get the most for your rewards. Instead, you're going to have a hefty interest rate applied to your unpaid balance and this can get dangerous sometimes.

Be disciplined

This one kind of rubs off the last point and you need to make sure that you remember this word every time you make your purchases. If you're going to make purchases outside of your bills, you're going to have to make sure you have enough money to pay off these purchases. The best way to keep track of these purchases is by saving the receipts and keeping them in a folder along with your bills. This way, when the bill comes, you won't be surprised with how much is on your card. Another great way to check on how much is on your balance is by logging onto your online account. Your online account is usually up to date and will show you your exact balance.

In my opinion a cash back credit card is one the best cards on the market. Let's say you get five percent back on your purchases and you have three thousand dollars in bills each month, that's one hundred and fifty dollars. If we multiply that number by twelve months, you'll have eighteen hundred dollars. This amount is almost enough to pay off one month's worth of bills. Remember, you're getting all of this by using a credit card. You're not paying any extra money; you're just using a credit card. This should show you exactly how being disciplined pays off. If this plan sounds too good to be true, it isn't! It just takes a little discipline and motivation, and you'll be getting the most cash back in no time.
About the Author
Find cash back credit cards and more of Tom's work at FINDcashbackcards.
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