Many of us treat credit card rewards points like a jackpot or a lucky draw prize! We don’t put much thought into it and end up wasting it or leaving it unredeemed. But, what if we tell you that you can use your credit card rewards points to save more money. 

Almost all credit cards come with desirable benefits to their customers as one of their key marketing methods. To keep up with rewards and offers from other credit card providers, excellent rewards are often dished out to customers. 

Basically, there are three types of rewards given to credit card users. You can choose to earn either cash back, points, or air miles as a bonus to your spending using the credit card. 

Here’s how you can save more money by collecting and utilising your credit card points!

Get The Right One 

The right tool will always lead you to better and bigger things. In this case, the right credit card will help you in your journey towards financial security. Do your research and explore your options before you apply for a credit card. Get to know the privileges and read the terms and conditions thoroughly. Different credit cards come with different types of rewards and perks. 

Next, compare these credit card benefits to your spending preferences. Find out where you are spending most of your money. Do you spend more on groceries or petrol or travel? Once you nail this down, you can narrow down your credit card list by choosing the ones that come with better rewards for your specific spending preference. 

By choosing the credit card that rewards you whenever you spend money on necessities, you would not be spending extra but instead, you would be earning rewards every time you use your credit card. Later on, you can use your rewards points to redeem your necessities and save some money on a regular basis. 

Opt For Online Shopping

Do you know that many credit card companies partner with various e-commerce platforms? 

Yes! From Shopee to Agoda, you will get exclusive discounts and deals when you shop online. More so with the pandemic that has completely changed the way we shop, online stores have started coming up with attractive deals to keep their customers attracted. 

Some credit cards allow you to use the points you have been diligently collecting to pay for your items online. It is not just the discounts, but you will also get to buy your items without needing to pay for them if you have enough rewards points. 

Hence, if you are an ardent online shopper and you have your favourite e-commerce platform, you will save more money when you use credit cards that have partnered with the e-commerce platform you prefer. 

Redeem Smartly 

Do not be hasty in redeeming your points. Choose the right products to redeem your points to get the most out of them. There will always be a better offer. So, the best thing to do is to trade your points according to your requirements.

Use those points to get discounts on airline tickets or hotel reservations, for example. Why waste a free hotel night when your credit card is more than willing to cover the cost?

Keep a close eye on the expiration date of your credit card points. While some credit card offers have a minimum 1-year expiry date, others offer unlimited redemption with no expiration date. This will allow you to plan your redemption process properly. 

Don’t Be Afraid Of Using Your Credit Card 

You have a credit card because you want to make the most of it. When used correctly, a credit card has the reputation of being a financial aid. 

This leads back to the first point, in which you select a credit card based on your spending habits. Understanding your expenses will help you use your credit card wisely and more often than you think. 

Using your credit card to buy things you need on a regular basis helps you accumulate rewards points on your favourite category of expenses at the same time. You are basically feeding two birds with one scone. 

The more you swipe, the more rewards you earn. However, as there are terms and conditions to earning rewards, swipe wisely by keeping in mind your budget and spending limit. 

Welcome Offers Never Go Out Of Style 

Nothing beats a friendly welcome to make you feel at ease.

When you sign up for a credit card, you get a sense of security. Of course, you shouldn’t apply for a credit card just by looking at its welcome offers. However, you can select the best deal to benefit you in the long run.

Singapore credit cards are brimming with irresistible sign-up bonuses and welcome offers. You will be pampered with exclusive deals ranging from welcome cashback to annual fee waiver. As a result, now is the time to save money by using your credit card for its services.

Aside from welcome bonuses, there are numerous bonus rewards available to new and existing credit cardholders. On certain items, you can get incredible discounts and cashback rates that are higher than usual. All you have to do is be up-to-date by regularly checking the credit card websites. 

Use Rewards Points Wisely And Make A Difference 

You need to buy necessities and you need to pay for those necessities. If paying using a credit card is going to earn you rewards points, the most practical way is to get yourself the right credit card and earn the rewards points. 

With careful planning and spending habits, your credit card rewards points will definitely be a boon!