Credit cards come with a host of features and benefits. The best credit card often has cashback, waiver on fuel prices, gift vouchers, discounts on flight tickets and hotel bookings, etc. It gives users a chance to earn well-deserved remunerations on the money they spend.

You need to know every detail of a feature-packed credit card to make sure you don’t miss out on any of the benefits. Let’s take a look at some easy ways to maximise the reward points on the credit cards.

Choose the right card

The first step to accumulate reward points is to choose the best credit card as per your spending habits. You can also opt for purpose-specific cards which provide more rewards on specific usages.

Divide the cost

It is a good idea to own 2 credit cards and divide your expenses between them. Use the one which offers the maximum reward points for daily expenses and the other for occasional outgoings. For example, use the best credit card for groceries, fuel bills, etc. and another for paying your restaurants and amenity bills. This way, you can accumulate maximum reward points on your transactions.

Use it frequently

To maximise the reward points, use the best credit card to purchase everything. Most cards offer a fixed reward point scheme for every Rs. 1,000 you spend.
Also, many financial institutions offer these redeemable points as you reach certain milestones. For example, the Bajaj Finserv RBL Bank SuperCard offers rewards after you reach an annual spending limit.

They also bring pre-approved offers for credit cards, as well as personal loans, home loans, business loans, and a range of other financial products and services. These pre-approved offers help save time and simplify the process of financing. You only have to share some necessary details online to check out your pre-approved offer.

Cards that come with a welcome gift

Some lenders offer as much as 20,000 points as a welcome gift when you sign up for their credit card. This is a good option to maximise your reward points as it provides a base to start with.

Different types of reward programs offered with credit cards

Credit card companies offer a host of reward programs for the cardholder. These can be divided into –

• Travel rewards – Some credit cards offer redeemable points for discounts on hotel fees, airlines booking, etc. You can also get complimentary airport lounge entry.
• Shopping rewards – There are credit cards which offer more discounts, cashbacks, e-vouchers when used at shopping outlets and online purchases. This type is the best credit card for heavy spenders and can also earn them reward points.
• Fuel rewards – Lenders may offer fuel surcharge waiver of up to Rs. 150 by paying via fuel credit cards at petrol stations.

Consider a few things while accumulating reward points

1. Know when reward points expire
   Rewards points generally come with an expiry date. Typically, it ranges from 12 to 18 months, while some stay valid for up to 24 months. Make sure you check the validity of the points and utilise them before its expiration date. You can find the information on the card’s website.
   
   
2. Look out for any changes in terms and conditions
   A change in the terms and conditions can reduce your reward point earnings. A lender often informs you of any change in their terms; so, remember to carefully check any email or notice sent to you.
   
   
3. Do not own more than 4 cards
   Owning more than 4 cards at a time can dilute the value of your rewards. It also negatively impacts your credit score, so it is advised to close the least rewarding card.

Following the tips mentioned above can maximise your chances of earning those redeemable points. Just be responsible when using your credit card.