Get rewarded for every purchase you make! Understanding how to maximize the benefits of credit card rewards can empower consumers to make their money go further. Whether the desire is pure cash back or rewards to build for travel, the options are seemingly endless. It’s important to identify your desired goals when considering a new credit card, then determining which card is right for your financial situation. When used smartly, the right credit card can help you capitalize on everyday spending habits and make your goals reality.
Intro to Rewards Credit Cards Options
Point accumulation or cash? These are the two most common reward types associated with credit card spending. Rewards can transform ordinary purchases into opportunities to earn points for a dream vacation or cash back to save for the things that matter most to you or make a big purchase. Regardless of the reward type, credit cards often cater to various lifestyles, with some providing higher rewards for specific categories, like dining, fuel, or travel, and others offering more general rewards on everyday purchases, enabling consumers to take advantage of their everyday spending. When you choose a new card, consider your spending habits so you’re choosing the card that can give you your biggest return..
Maximizing Credit Card Rewards
Integrating a rewards credit card into your daily spending for routine expenses such as gas and groceries can help you accumulate your rewards balance over time. Plus, you can increase your reward potential when you establish your credit card for recurring payments – like streaming services or various bills – or, setting it as your card on file with your favorite online brands. Planning larger ticket purchases with your card can also boost your rewards balance quickly. Although building these credit card rewards can be exciting and financially smart, consumers should also ensure they’re spending within their means – don’t go over your weekly budget just to earn more points, and always pay at least your minimum payment on time. If you don’t, your financial situation will be impacted and the rewards may become less exciting.
Redeeming Rewards Strategically
When selecting your card, don’t forget to research the rewards payouts. Payouts can vary…some are paid in real-time, some monthly, some annually, etc. You want to make sure you have access to your rewards when you want them – whether it’s cash back or travel rewards. Some cards offer additional benefits; for example: KEMBA’s Platinum Visa deposits your cash back rewards annually into a high-yield savings account to help your dollars grow. Plus, you could choose frugality with your cash back and use it to pay down debt or add to your emergency savings. On the other hand, when redeeming travel points, not all travel is created equally. Flexibility will help your rewards go further.
KEMBA Can Help
KEMBA Financial Credit Union offers two excellent credit card options, both featuring cashback without any annual fees, rewards that never expire, and competitive rates for your everyday spending enabling you to build rewards, but not at the expense of paying a huge amount of interest. The KEMBA Visa Platinum and KEMBA Visa Signature cards each feature unique cash back rewards, giving consumers a choice to put in their wallet.
To learn more about how KEMBA’s credit cards can help improve your financial position in 2025, and help you make the most of your money, visit our website or stop by a local KEMBA branch. Let us empower you to achieve your financial goals with tools and resources designed for your financial success.