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- The Savvy Promise
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Are you one of the many Australians that get frustrated on knowing what to do to earn more points with your credit card? You are not alone. Almost 44% of Australians surveyed by Citi Australia revealed that they don’t know how to collect rewards on credit cards. Collecting points takes time, but you can rake them up easier by doing the one thing you do daily. Use your card for targeted everyday expenses.
Unlocking rewards that mould to your needs
Rewards on your credit card are devised to pay you for every dollar you spend. The catch that comes with reward points on credit cards is that there are targeted purchases that unlock these rewards. This means that not everything you swipe for will gain a point, but it is better to check the fine print on what makes an eligible purchase to gain you points. In most instances shopping at an affiliated shop, petrol station, or using a particular airline that is affiliated with the card can gain you points. The art of gaining more points lies in how you choose to shop. We all spend our money in different ways, but there is always that one part of the budget where we spend the most. This could be shopping, travelling, and fuel costs. By targeting that area and combining it with the rewards eligible purchase you will soon be able to gather enough points to make use of.
Get a card with rewards you will use
Once you have figured out the area in which you spend money the most it would be easier to find a credit card that offers you rewards that mould towards your needs. When you have gathered sufficient rewards, you might be wondering what you can spend them on. According to the survey, 52% of Aussies are unclear on what their points can get them. Depending on what your rewards program offers there are plenty of things you can use your points for:
- Redeem points for frequent flyer privileges such as booking a free flight, traveller insurance, and lounge privileges.
- Travel perks such as concierge services or traveller’s discounts that unlocks exclusive deals to affiliate hotels for every time you swipe.
- Unlock grocery discounts on select merchandise through a loyalty card while earning points at the same time.
- Spoil yourself with the various entertainment features such as having access to exclusive entertainment tickets, a bottle of wine or champagne, jewellery and gifts from the rewards shop.
Before you get lured in…
It is important that you weigh the fees and rates that come with getting these rewards cards. When signing up for a credit card it is vital that you compare its features and whether these are flexible for the type of spender that you are. Are the rewards suitable for the type of spender you are? Knowing what it takes to unlock your rewards is also the key to earning more rewards. Reading your reward programs terms and conditions will set you in the right direction of becoming a savvy smarter.
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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.
The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.
