WebLine Login | Enroll
MemberMobile Login MemberMoblie Apps
One of the best things about choosing to use
a rewards credit card for your day-to-day spending is the points, miles or cash
back you can earn every time you swipe. To make sure
you're getting the most out of your card, take a look at the tips below.
1. Pick a card that offers
rewards you'll actually use
It's easy to get caught up in the excitement
around a new card that's just hit the market. But before you apply, consider
whether the card comes with a rewards program that actually fits your lifestyle.
Otherwise, you might get stuck with a bunch of points or miles that you'll never
redeem — something that happens to 1 in 5 consumers, according to NerdWallet's
research on reward cards.
Doing some digging upfront to find a card
that will be valuable to
you is the key to ensuring you'll
get the most out of your plastic.
2. Know your card's rewards
By investing a little time in reading your
card's terms and conditions, you might find there are ways to score extra points
on certain kinds of spending.
For example, it's common for travel credit
cards to award extra points or miles for every dollar spent on dining out.
Consequently, using your travel card when you take your family out to dinner or
pick up your morning coffee is a smart idea, because it will help you get to
your next vacation faster. Knowledge is power, so get familiar with the ins and
outs of how to maximize earning your rewards.
3. Budget carefully every
If you're carrying a balance on your card and
justifying it with all the rewards you're earning, here's a wake-up call: You're
paying out much more than you're bringing in. Most credit cards return only
about 1% of your spending in rewards, and charge double-digit interest rates on
To make the math work in your favor, stick to
a budget so you don't put more on your card than you can pay off each month.
4. Keep your account in
One of the biggest mistakes you can make with
a credit card is to fall behind on payments. Miss one and your account will no
longer be in good standing and your ability to earn rewards could be
jeopardized. Also, your credit score will suffer.
The solution? Pay your credit card bill on
time each month, preferably in full but at least the minimum due. Online bill
pay can make that process fast and easy.
5. Be smart about redeeming
Many rewards cards have multiple options when
it comes time to redeem points or miles. For example, in some cases you'll be
able to choose between travel credits or merchandise.
However, it's common for points or miles to
vary substantially in value depending on how you cash them in. Before you go
through with a rewards redemption, do the math to figure out which choice will
give you the most bang per point. After all, there's no sense in using your
rewards on a vacuum when they would go further if redeemed for airfare.
Following these tips can help sweeten the
treats a rewards card can provide while you navigate the tricky ins and outs of
how it all works.
© Copyright 2016 NerdWallet (www.mscu.net),
Inc. All Rights Reserved
5 Tips for Getting the Most Out of Your Rewards Credit Card
Pre-qualification Mortgage Application
Network Opt-Out Form
Transfer Request Form
ATM Card Application
ATM/VISA Check Card
Change of Address Form
Fraud Headlines & Alerts
Tips to Prevent
© 2017.Mutual Security Credit Union. All rights reserved.
Any use other than personal viewing is prohibited.