With the weather getting nicer, a lot of people are looking to make home improvements, get out of town for a well-deserved vacation, or spend some money on something they enjoy but haven’t been able to throughout the winter season. So, what better month than April to cash in on some of the rewards points you’ve been earning through credit card purchases all year?
When it comes to cashing in on credit cards rewards systems, timing is everything. Using the wrong card for the right purchase won’t give you the benefits you could receive if you were playing the system properly. If you want to make the most of your credit card rewards points programs, check out these top credit card tips for April. You’ll be glad you did.
Tip #1: Look for Signup Bonuses
The majority of credit cards today will offer a sizable signup bonus, so don’t skip this freebie. Depending on the terms and conditions of the specific credit card deal, you can use the bonus in various ways during this month. For example, the TD Aeroplan Visa Infinite card offers a tremendous 30,000 bonus points, 15,000 upon your first purchase, 10,000 more after 90 days, and another 5,000 for an additional authorized user. Those points can be used for flights, taxes, and surcharges to more than 1,300 locations around the world. This offer ends in May though, so get on it now.
Tip #2: Don’t Pay for the First Year
Waving the first year’s annual fee is becoming a common practice, especially among the best points credit cards out there. Card holders should take advantage of this deal, and use their credit cards wisely. If you are systematic about it, you can theoretically get away with never paying an annual fee. Simply switch from one great credit card deal that offers no annual fee for the first year to the next, so you never have to deal with those pesky yearly charges. Rogers™ Platinum MasterCard® is an example of a card that waives that first year’s annual fee.
Tip #3: Get Travel Benefits
If you’re planning on taking a holiday this month, be sure to cash in on your rewards points. While vacations can be quite pricey, credit card plans can help you save quite a lot on your travels. Look for cards that have affiliate programs with airlines, hotels, and car rentals so you can trade in points for tickets, free nights, and rentals. While abroad, use credit cards with no foreign transaction fees or no currency exchange fees like the Marriott Rewards® Premier Visa® Card to save that expense as well.
Tip #4: Think About the Future
While spending now, don’t forget to consider the future. When purchasing new home decor, travel expenses, or even daily items, use credit cards with low interest rates to cut down on the extra burden of a large debt to pay off later. MBNA TrueLine MasterCard® credit card and American Express Essential Credit Card are some of the best low interest credit cards you’ll find. MBNA TrueLine MasterCard® credit card also has no annual fees, an additional saving, while the American Express Essential Credit Card allows cardholders to pay out their debt either gradually or all at once.
Playing the credit card circuit is not difficult once you know the tricks. No matter who you are or what your financial situation, you can get a good deal on a card and benefit from the many rewards programs available. There are even credit cards for people with bad credit, so don’t be discouraged by a low credit score. Find out your options today.