5 ways to maximize credit card awards – CNBC TV18

Credit cards are more than only one payment tool – they can be an entrance to valuable awards when used strategically. Card holders can avail your expenses by focusing on major strategies to earn cashback, travel allowances and discounts.

Here are five tips from SBI card to help you maximize your credit card awards:

Choose lifestyle-based credit card

The best way to promote your awards is to choose a card that fits your lifestyle. If you travel again and again, the option of co-branded airline or hotel card, such as Crystlir SBI card, offers travel miles with Singapore Airlines.

For daily travelers, BPCL SBI provides 7.25% cashback and 1% fuel surcharge discounts with quick prize points on octane fuel procurement.

If you make regular shopping online, choose a card with high cashback or points at e-commerce expenses.

Pay attention to category-based awards

Many credit cards

Provide bonus prizes to spend in specific categories like food, grocery or entertainment. Identify where you spend the most and select a card that maximizes awards in areas.

Leverage welcome gift voucher

Premium credit cards often provide prize points as a reception gift during threshold spending. For example, the Oorm Credit Card rewards new card holders with 40,000 marks on meeting its expenses requirements.

During this period, making large shopping like equipment or travel can help unlock the full value of these bonuses.

Regard the awards wisely

To get the most of your awards, be sure to cash in before losing the price. Credit card issuers often provide mobile apps or online dashboards to track their reward balance.

Avoid late fees and charges

It is important to avoid unnecessary costs, maximizing the awards. Always pay on time to avoid late fees and keep an eye on your annual card fee.

Many credit card companies waive renewal fees. If you meet some spending goals, make sure you earn these allegations.