Everyday expenses can be transformed into rewards through the use of credit cards, according to recent data from the U.S. Bureau of Labor Statistics. The average American household spends $77,280 annually on essentials like housing, transportation, and food.
Charging these expenses to a rewards credit card can provide benefits such as cash back or bonus points. Commuters might benefit from cards offering bonus rewards on fuel purchases, while those with large grocery bills could seek cards with extra points for supermarket spending. Housing costs also present opportunities for earning rewards.
Discretionary spending can further increase reward balances. Dining out or traveling may offer bonus points, and some cards allow customization of bonus categories. Cards providing solid rewards on all purchases are available too.