4 ways to maximize your credit cards in 2022

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Here’s how to get major benefits in the coming year.

You may have been using credit cards for many years, or even decades. But are you really getting the most out of your cards? If you want to reap more benefits in the New Year, here are four smart steps worth taking.

1. Pay attention to the revolving bonus categories

Some credit cards offer bonus reward categories that change quarterly. Pay attention to their appearance so that you can enjoy them.

Let’s say one of your cards offers extra cash back on hardware store purchases in the second quarter of 2022. If you’re doing any renovations around then, this is the card you’ll probably want to use every time. that you will visit the hardware store.

2. Note the expiration of the rewards on your calendar.

Some credit cards offer rewards that never expire. But it’s not always the case. If you have a credit card in your collection whose rewards To do come with an end date, be sure to jot down those dates on your calendar and set reminders for yourself, so they don’t get lost.

Your store card, for example, may give rewards that expire two months after the fact. It’s free money that you don’t want to pass up.

3. Look for achievable signup bonuses

Many credit cards offer signup bonuses that give you a certain amount of money or points for reaching a specific spending threshold soon after opening your account. It pays to explore the offers available and look for an easy-to-grab sign-up bonus.

You can, for example, find a card offering $ 200 cash back to spend $ 1,500 within three months of opening your account. If you normally charge $ 700 of essential expenses, like gas and groceries, on your credit cards each month, this should be a fairly easy spending requirement to meet.

Just be careful not to run after signup bonuses that force you to spend more than you normally would. If you see a cash back offer of $ 200 for every $ 3,000 spent within three months of opening your account, and you would normally only spend $ 2,100 during that time, it’s not worth doing. spend $ 900 more just to get $ 200 back.

4. Enjoy economical travel benefits

If you plan to travel a lot in 2022, it pays to purchase a travel rewards credit card or use an existing card to book your flights. Many travel cards have built-in benefits that can save you money.

For example, you can have a travel credit card that gives you free checked baggage every time you travel. Airlines typically charge around $ 30 per piece of luggage, so using this credit card for multiple trips could save you a nice amount of money over the course of a year.

The benefit of charging expenses on credit cards is that you can take advantage of the rewards, cash backs, and savings they offer. Keep these tips in mind as you browse your spending in 2022 so you can get the most out of your existing credit cards or take advantage of new ones.


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