Rewards make us come back for more. The dopamine hit we get when the cashier asks if we would like $10 off our shop is enough to keep us loyal and on the hunt for more points.
However not all cards are the same, so here are our 5 tips for getting the most from your rewards program.
1. Find The Best Offer For You
The first thing you need to remember is that there is nothing wrong with shopping around. When it comes to rewards programs, you want something that will benefit the way you run your life. Do you need a rewards program that helps you earn air miles or one that simply helps you cut back the cost of your grocery shopping? Rewards programs are designed to entice you to spend more, so be wary of bonuses and thresholds you need to reach to receive your reward.
2. Use Your Card
Once you’ve got your card don’t be afraid to use it. The more you use it the more points you will get. However, the key here is that if your program is connected to a credit card, it runs off a loan system. Keep track of what you’re spending so you know you can pay it back when the time comes. You don’t want to accrue debt – you want to accrue points.
3. Keep Informed On Offers
Different programs have different offers that get promoted from time to time. The best way to keep up to date on these offers is to sign up to your program’s emailing list and follow them on social media if you can. The trick is to only take advantage of these promotions if you were going to buy that item anyway.
4. Track Your Spending Habits
Like I mentioned earlier, tracking your spending is important. But it’s not just important to know that you can afford what your buying but also in understanding how your spending habits fit with the benchmarks of your program. It therefore helps you estimate how many points you should accrue each year.
5. Pay Cards Off In Full
For any loyalty program that runs as a loan system make sure you pay it off in full. Not doing so negates the benefits of a rewards program and just ends up with you having to pay fees.
If you found this article useful and want something similar to read, you might also like our article 4 Simple Tips to Being #Frugl.