Exciting Credit Card Award Points

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They are fun, exciting, exhilarating, and sometimes frustrating. What are they? They are credit card award points and people around the world love to collect them. They make every single purchase a little bit easier to pay for. People love to earn their points and then cash them in for money, merchandise, or vacations. There are, however, a few things that you should know to make your award point adventure even more profitable.

Try Before You Buy

Most purchases have a return policy or you get to try the item before you buy it. It can be the same with credit cards. Some credit card companies charge an annual fee upfront whereas others waive the annual fee for the first year. Choose the credit card company that waives the annual fee because it will allow you to try it out before deciding to use it.

Welcome Bonus Incentive

The biggest value that you will receive from any credit card reward program is the welcome bonus. Most credit card companies have promotional periods. Promotional periods always provide you with more welcome bonus points than their standard offer. In fact, you can sometimes even get double the reward points as a welcome bonus.

For example, let’s say you choose a credit card that has a $120 annual fee and a standard welcome bonus of 15,000 points. This credit card company now offers a promotional deal that will allow you to waive the first year of the $120 annual fee and you get 30,000 points. This could mean that you might gain as much as $300 extra by waiting for the promotional deal.

Minimum Spend Requirements

Some credit cards provide a promotional welcome bonus offer that includes a minimum amount of money to put on the credit card within a certain time. For instance, after you sign up for the card the company may ask you to put $2000 on the card within the first three months. You may not feel that you will be able to spend that amount of money in only three months. However, simply buy gift cards at grocery stores or retail outlets that you frequent. This will allow you to use the funds on the gift card throughout the year.

The most important thing when playing the credit card award points game is to know the rules. Some of the things to watch out for include earning caps, spending tiers, changes, penalties, fees, and expiry dates.


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