PennyGem’s Elizabeth Keatinge tells us how to max out credit card rewards.
Category
📚
LearningTranscript
00:00 I paid for that with points!
00:04 You may have heard friends or family brag.
00:07 Well, how can you max out the rewards your plastic offers?
00:11 Maxing out credit card rewards is a strategy, but one you can easily handle.
00:15 NerdWallet suggests taking inventory of your cards.
00:18 Perhaps the benefits just don't justify the annual fee.
00:22 Ask the card issuer if there's another product in the portfolio that fits your needs better.
00:27 Anybody under 30 suggests signing up for a card that offers the most valuable rewards
00:31 for the purchases you make the most.
00:34 Think food and gas.
00:35 Some credit cards also offer cash back on office supplies and telecommunications services.
00:40 NerdWallet suggests asking for a retention offer if there's a card you're not using as
00:45 often.
00:46 Call the card issuer and tell them you're thinking of canceling and see if they have
00:49 a retention offer that makes you want to stay with them.
00:52 Airline cards may be worth it if you're frequently flying one particular airline.
00:58 Track everything.
00:59 By going over your spending and tracking your rewards, you may be able to see areas where
01:03 you can more efficiently get and use points.
01:06 [MUSIC PLAYING]