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How everyday spending can unlock future rewards through credit cards

How everyday spending can unlock future rewards through credit cards
Research
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The Points Guy | Official Website

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.

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Double dipping is another strategy to maximize rewards. This involves earning points in two programs for one purchase, such as dining programs offered by airlines and hotels when using linked credit cards.

Online shopping portals partner with retailers to offer extra rewards. TopCashback provides additional cash back at select merchants, enhancing savings.

Credit card issuers often have platforms like Chase Offers for activating targeted discounts across various merchants, adding up to significant savings over time.

Security remains a priority with credit card transactions. Issuers invest heavily in security measures and policies like $0 fraud liability and purchase protections. Instances of small-charge fraud are swiftly addressed by companies like Chase.

Ultimately, using credit cards responsibly allows consumers to earn rewards while enjoying secure transactions.

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