Rock Your Credit Card Rewards While Doing Your Holiday Shopping

Now that it’s the holiday season, you are likely spending more than usual.

I hope your spending isn’t putting you into debt you can’t pay off, but that’s an article for another day.

While you don’t want to overspend this year, you do want to take advantage of the opportunities your rewards credit card might offer you this holiday season.

After all, if you’re going to spend the money you should get as much back for it as you can!

Here are some tips for maximizing your credit card rewards while you work on your holiday shopping:

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Which Cash Back Rewards Are Best: Rotating Categories, or Set Cash Back?

It’s become popular amongst cards offering cash back rewards to offer higher rewards on rotating categories.

However, there are still some credit cards that offer set cash back.

While a rotating category card is likely to provide you with more cash back than a card that only pays 1% on all purchases, cards with tiered programs might offer an advantage.

Set cash back or rotating categories?

Figure out how you’ll use your card and then see whether rotating categories or a set cash back is best for you (or both).

Rotating Categories

With rotating categories, you receive cash back on different types of purchases each quarter.

Often, you receive up to 5% cash back on specific categories.  So, if the quarterly categories are gas, toys, and restaurants, you receive up to 5% cash back on those types of purchases, and 1% cash back on everything else.

If you are willing to plan your spending by quarter, it can be easy to boost your cash back earnings in the appropriate quarter.

The main drawback to this type of rewards program is that you often have to sign up for the rewards.
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Are Those Credit Card Rewards Worth It?

It can be exciting to see that credit cards will give you cash, or other rewards, just because you spend money.

However, it’s important to realize that not all credit card reward programs are worth the trouble.  Indeed, some of them have such difficult redemption policies, and there might be other costs, that significantly reduce the value of your rewards.

Before you start spending like crazy, consider the value of the rewards, and whether or not they will really work for you.

And consider some of your habits.  You could be following financial practices that reduce the value in your credit cards, and not even realize it.

Points, Miles, and Cash Back

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Analyzing Store Credit Card Offers

No matter where you shop, it seems as though the store has its own credit card.

And, to draw more shoppers to their cards, many of them are offering rewards programs that rival what you see from major card issuers.

Before you jump on the band wagon or succumb to the pitch of “saving 10% on your purchases today”, consider your options.  You want to make sure that you are getting the best rewards program for you.

Downsides to Store Credit Cards

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How to Choose the Best Credit Card Rewards Program for You

Credit card rewards programs offer you the chance to earn cash back, travel, and discounts.

Your program, though, could end up costing you if you aren’t careful.  At the very least, you might not use rewards, and they could sit useless on your account.

Before you sign up for a credit card with a rewards program, make sure that it is a program that will work for you.  Consider your options, and choose a credit card rewards program that fits your lifestyle and your financial needs.

Will You Use those Credit Card Rewards?

The most important question you need to ask yourself is whether or not you will use the rewards offered by the program.
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