Credit Card Rewards and Related Tips for Orem Discount Shoppers

If you're someone who takes pride in their ability to save a few bucks with every shopping or grocery trip, chances are you're already well aware of themes like credit card rewards and similar programs. If used correctly, these kinds of programs offer several major benefits, from discounted products through cash-back and various other kinds of rewards.

At NPS Store, we welcome discount shoppers into the best discount store in your area, whether you're in Orem, Layton, Salt Lake City or anywhere else. We offer fantastic deals on numerous product types, and we also help promote many other savings methods to our loyal customers. What are some of the different methods savvy shoppers use when it comes to maximizing credit card rewards and similar incentives? Here are a few to consider.

Obtaining Credit Cards from Preferred Vendors

If you're someone who has a few particular outlets you like to utilize for your shopping needs, you may want to consider obtaining a credit card from one of those companies. In many cases, these cards offer excellent rewards programs that can save you a lot of money over time.

For example, many major retailers offer cards that provide cash-back on all purchases made at their store, and some even offer additional bonuses for using the card to pay for gas or other incidentals. If you're a regular shopper at one of these stores, obtaining their credit card can be an excellent way to save some extra money.

Going With a Single Card

In other cases, especially if you don't have much loyalty to any given outlet and prefer to regularly shop around for the best deals, you may want to instead focus on a single credit card that offers good rewards across the board. These cards are sometimes called "cash-back" cards, and they typically offer a set percentage back on all purchases made, regardless of where they're made.

This approach can be especially beneficial for those who frequently travel, as it can help you avoid the hassle (and fees) associated with using foreign currency. For instance, the Chase Freedom card offers 1% cash-back on all purchases, with no limit to how much you can earn, making it an excellent choice for those who want a simple and straightforward rewards program.

Multiple Cards, Various Vendors

For still others who feel they can manage multiple cards effectively, another option is to obtain a rewards card from a few different vendors. This approach allows you to tailor your spending in order to maximize the rewards you earn, and can be especially beneficial if you frequently shop at outlets that offer bonus rewards for using their card.

There are actually a few sub-categories in this area:

  • Multiple cards from the same issuer: Certain banks or even individual credit card companies offer multiple cards that can be used to earn rewards at different vendors. For example, Chase offers a "Freedom" card that provides cash-back on all purchases, and also has a "Sapphire Preferred" card that offers extra points for travel-related expenses.
  • Multiple cards for multiple purposes: For others, separate cards will be obtained for different spending categories. For example, one card may be used primarily for groceries and everyday expenses, while another is reserved specifically for travel. This approach allows you to keep track of your spending more easily, and also helps you maximize the rewards in each category.

No matter which approach you take, utilizing credit card rewards and similar programs can be enormously valuable. Our next few sections will go over some general tips on how to maximize your efficiency in this area.

Minimize or Eliminate Cash Usage

Wherever possible, it's best to use your credit or debit card in order to make purchases, as this will help you rack up rewards points more quickly. In some cases, you may be able to link your checking account directly to your credit card, allowing you to essentially "pay" yourself back with each purchase.

Not only does this help you earn rewards points more quickly, but it can also help you keep track of your spending better, as all of your transactions will be in one place. In addition, it's important to make sure you're always paying off your balance in full each month, as carrying a balance forward will negate any rewards points you've earned.

Pay Off Your Balance Each Month

When using a credit card, it's important to make sure you're paying off your balance in full each month. This is because carrying a balance forward will negate any rewards points you've earned, as the interest you'll accrue will typically outweigh the value of the points.

In addition, it's important to make sure you're not spending more than you can afford to pay back, as this can quickly lead to a dangerous cycle of debt. If you're someone who struggles to control your spending, it may be best to avoid using a credit card altogether, or at least only use it for very small purchases that you know you can easily pay off.

Applying for New Cards

When it comes to credit card rewards, one of the most effective ways to maximize your earnings is to frequently apply for new cards. This is because many issuers offer sign-up bonuses, which can be worth hundreds of dollars in rewards points.

Of course, it's important to be careful with this approach, as applying for too many cards can negatively impact your credit score. In addition, it's important to make sure you're actually using the cards you have, as having too many inactive accounts can also lead to problems.

For more on how to utilize things like credit card rewards and similar incentives to save money, or for more on our discount grocery, discount clothing or any other discount shopping options in Orem and nearby areas, speak to the staff at NPS Store today.

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