Credit Cards

I’ve Earned Thousands of Dollars in Additional Credit Card Rewards for One Simple Reason

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Could this technique work to help you earn more rewards too?

Key points

  • I spend a lot of money on credit cards to earn rewards.
  • I have been able to maximize the rewards I earn by changing my card as my spending needs have changed.
  • This technique is easy to implement and can really pay off.

Credit card rewards can be very valuable, especially if you tend to charge for many of the purchases you make. The ability to earn cash back is one of the main reasons I use credit cards whenever I can, and I’ve made a substantial amount of money over the years simply by choosing a card that pays me to use it.

Because I really value the rewards credit cards bring me, I’ve implemented an approach that allows me to maximize the rewards I’ve earned over time. My technique has helped me earn thousands of dollars in additional rewards, all of which I have deposited into investment accounts to help me build wealth.

The technique I’ve used to maximize the credit card rewards I’ve earned is to make sure I’m always using a card that’s optimized for my spending patterns.

See, a lot of people sign up for a credit card and then just stick with the status quo because they’re comfortable using it and it seems like a big hassle to explore other options. But I made a conscious decision not to, as I realized early on that my habits change over time, so my card’s rewards program should change with it.

When I was younger, for example, I usually spent a lot of money traveling and dining out because I didn’t have kids yet and those were the leisure activities I enjoyed. But as I got older and had two kids, it got harder to take long, expensive trips, and then COVID-19 basically stopped travel and dining out for a long period. And this is just one example of many changes in life circumstances that have occurred over time.

To make sure I always have the right credit card for optimal rewards, I pay attention to where most of my spending is. Budget apps that categorize purchases have made this really easy. When I notice that my spending habits have started to change, I know it’s time to look for a different credit card that better suits my current needs.

Since I’ve applied for multiple cards with different rewards programs, I’ve made sure that I can always earn a minimum of 2% cash back on most purchases, and in most cases, I can earn much more than that. The additional rewards I’ve earned over time have added up to thousands because I’ve been smart about the cards I use.

Optimizing your credit card rewards is well worth the effort

As long as you have a good credit score and you’re not ridiculous about the number of credit cards you sign up for in a short period of time, switching credit cards as needed to make sure you always use them has few to no downsides. . a card with a rewards program that fits the bill.

Optimizing credit card rewards can be worthwhile because of the ease and simplicity of doing it, as there’s no reason to leave extra money on the table.

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