From cash back on everyday purchases to travel points that can fund your next vacation, the right credit card strategy can put hundreds, maybe thousands, of dollars back in your pocket annually.
Consider these techniques to transform your credit card from a potential pitfall into a budgeting boon:
- Earn rewards points. Choose a card that offers rewards for every dollar you spend.
- Tailor rewards to your spending habits. Rewards range from travel points to cash back to discounts on adventure experiences and more.
- Take advantage of sign-up bonuses. Compare card offers to maximize your benefits.
- Amplify your purchasing power with double and triple rewards points. Be aware of these promotions and try to time your large purchases to coincide. REMEMBER: Not all card issuers are created equal. Some will offer extra points only on certain purchases. If you have a Mountain America Rewards credit card, you’ll earn double and triple points on every purchase during our promotional periods!*
- Cash-back lovers, rejoice! Some cards offer rewards on select purchases, but the Mountain America Cash Back credit card provides cash back on every swipe.*
- Time major purchases for maximum gain. Save up for big-ticket items, charge them on your credit card when you’re ready, then pay in full to avoid any interest, saving twice over.
- Pay with credit cards instead of cash when traveling. It’s safer, and most major credit cards are accepted anywhere in the United States and overseas.
- Use your credit card statement as a spending diary—many statements even categorize expenses. They are helpful whether you’re planning for upcoming expenses or looking to save, turning a no-plan finance strategy into a clear budget roadmap.
- What about lost or stolen travel tickets? Your credit card could be just the hero you’re looking for! Many credit cards offer assistance with emergency ticket replacement, arranging for the delivery of new tickets and the navigation of the replacement process.
- Lost or stolen luggage? Your credit card could swoop in and save the day! Get reimbursed for lost items or emergency essentials if your card offers baggage insurance. Or maybe it gives you access to a lost luggage locator service, which can help you through the claim procedures.
- Some credit cards shield recent buys with purchase protection, often reimbursing up to $500 on claims of damage or theft within 120 days.
- Your purchases may be eligible for extended warranty protection. Many card issuers offer additional product warranties on certain purchases.
- Unlike debit cards, responsible credit card use can actively build or repair your credit score.
- Keep funds available for emergencies. Owning a credit card can be a financial safety net, providing quick access to funds if you don’t have enough money in your checking account to cover an unexpected expense.
Keep in mind that not all credit cards carry all these perks. Be sure to thoroughly research your cards’ benefits before assuming you have the coverage.
*Loans on approved credit. Membership required—based on eligibility. Terms and conditions apply.