The highlight of all credit cards is reward points, which make them more beneficial to use, compared to debit cards. Redeeming these points enables you to avail discounts on a variety of transactions. These include hotel bookings, flight tickets, electronics, retail purchases, and even on mobile recharge.
There are also other ways you can accumulate reward points on your credit card, other than shopping. Maximising these points is the primary aim of all cardholders. Using your card the right way enables you to save more on future transactions by redeeming your reward points.
Here’s how you can score more points with your card –
- Avail the right card
Choosing the right card is the first step to ensure you get the most out of it. Look for cards that suit your regular expenses.
For example, opt for a retail card if you spend largely on such purchases. Companies offering these credit cards are usually associated with an online or offline retailer. Shopping from these partner stores can help you earn high reward points.
Likewise, a fuel card is an effective way to combat high fuel prices. These credit cards provide lump sum reward points on such transactions. You can also enjoy fuel surcharge waivers when using these cards.
Also, you can opt for a travel credit card if you are a frequent flyer. These credit cards either provide reward points or travel miles when you purchase flight tickets of a specific airline. You can redeem the points or miles to avail discounts on your future ticket purchases. Travel credit cards also give you complimentary access to airport lounges.
For example, the Bajaj Finserv Credit Card provides up to 8 complementary accesses to airport lounges in a year.
- Opt for credit cards offering a welcome bonus
A welcome bonus is a high amount of reward points you earn when you avail the card. Some credit cards offer a welcome bonus of up to 20, 000 points.
- Take advantage of milestone bonuses
Reaching a milestone also enables you to receive high credit card points. For example, the Bajaj Finserv RBL Bank World Plus SuperCard gives you 20, 000 points when you spend Rs. 3 Lakh in a year. You also receive another 20, 000 points if you spend Rs. 5 Lakh on that year.
Bajaj Finserv also brings you pre-approved offers that make the process of availing these credit cards straightforward and help you save time. Pre-approved offers are available on credit cards as well as on unsecured loans like personal loans, business loans, secured loans like home loans, and various other financial products. You can check your pre-approved offer by providing only your few essential details.
- Shop online
Other than partnered retailers, credit cards also offer high reward points when you shop online. These credit card points can be 5x or more than on purchases at non-liaison online sites.
- Pay your utility bills
Some credit cards can offer up to 20x reward points when you pay your utility bills. Usually, these cards offer points when you opt for standing instruction on such payments. Standing instructions will automatically charge your card to pay for your utility bill every month.
- Look for other expenses that return high points
Some credit cards also offer high reward points on specific expenses, unrelated to the ones mentioned above. For example, spending on dining and overseas transactions maybe generate higher reward points per purchase.
Manage your credit card responsibly when using it to avail reward points. Make sure to know how to repay your card debt on time. Also, spending more than 30% of your credit limit can lower your CIBIL score.