5 ways to make the most of your credit card rewards – Times of India

The credit card market is flooded with options, each catering to different needs. Credit cards nowadays come with enticing perks like cashback, travel benefits, and reward points. The competition among card issuers is fierce, with each trying to attract new customers by offering increasingly attractive rewards.
To maximize your credit card benefits, follow these tips:

1. Choose the Right Card

Start your credit card search by understanding your spending patterns and preferences.Different cards offer various reward programs, such as cashback or shopping vouchers. Some even have bonus categories that give extra points for specific types of spending. Match your card to your lifestyle—frequent travelers should opt for cards with travel perks, while online shoppers can benefit from cards offering rewards for online purchases.
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2. Understand the Rewards System

To make the most of your credit card rewards, grasp how the points system works. Some cards have straightforward structures, while others can be more complex. Identify where your card offers the most value and choose a card with an easy-to-understand reward structure.
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3. Explore the Reward Catalogue

Earning reward points is one thing; utilizing them effectively is another. Check the reward catalogue to see if it aligns with your interests. Some cards offer diverse catalogues, including everyday items and premium products. Look for cards with well-curated catalogues that match your preferences, whether it’s travel, entertainment, or other specific categories.

4. Keep an Eye on Special Offers

Stay informed about special offers and promotions from your bank. Major credit card issuers often have partnerships with prominent merchants, resulting in additional benefits for cardholders. While these offers may be time-limited, they provide opportunities for extra discounts on top of existing promotions.

5. Explore Payment Options

Beyond rewards, explore the various payment options offered by your credit card. Take advantage of EMI and financing options, especially the merchant EMI programs that can enhance your shopping experience. Your credit card can do more than just accumulate points—it can also offer convenient and attractive payment solutions.