5 Ways to Earn Cashback Rewards Without Extra Spending

1. 5 Ways to Earn Cashback Rewards  Without Extra Spending Cashback rewards are a great way to make using your credit card even more lucrative. Unfortunately, consumers often become so obsessed with rewards that they completely derange their spending habits in order to earn them. 

2. 1. Pick the Appropriate Card for YOUR Spending Habits We cannot overstate the importance of picking the best rewards card for your own unique lifestyle. Picking the right card isn’t easy, because they aren’t custom designed for individuals. Rather, highly paid marketing teams try to attract as many consumers within a broad group as possible — say, “students” or “business travelers.” Therefore, it’s up to you to decipher the marketing-speak and determine which card provides the most rewards for your spending habits. 

3. 2. Use That Credit Card for All Routine and Recurring Expenses The first place most consumers go wrong when it comes to earning rewards is assuming they need to somehow start spending more money. They actually begin looking for excuses to buy things in order to inflate their spending totals.  This is the wrong approach: not just because it’s a sure fire path to debt, but because you spend plenty of money already! If, like most people, you do your day-to-day spending with cash or debit cards, simply making these purchases with your cashback card will boost your spending total without wrecking your finances. 

4. 3. Make Large Purchases With the Credit Card Instead of Cash or Debit Looking to buy a new plasma TV? In the market for a new computer? Need to overhaul your wardrobe? All of these purchases are excellent candidates for using your rewards card. In one fell swoop, they will instantly add hundreds or even thousands of dollars to your spending totals, thus increasing your points. Plus, there are extra benefits to using your credit card for these purchases, including superior fraud protection and extended warranty service. The key here is to only do this if you have the cash on hand to buy these items and were going to do so anyway. This way, you are simply doing planned spending in a more efficient and profitable manner.

5. 4. Repay Your Outstanding Debts With the Card Another convenient and responsible way to accrue cashback points is servicing a debt with your rewards card. Many of us have some form of non-credit card debt, including: • Vehicle financing • Student loans • Professional training courses • Renter's insurance All of these can generally be paid with a credit card. Look at this the exact same way as your routine, day-to-day spending. You have the cash to pay these loans every month, but it’s not the most efficient way. Instead, by repaying them via credit (and paying off the card with cash) you can partially offset your debts with the rebate you earn.

6. 5. Offer to Pay for Your Friends and Have Them Repay You in Cash Planning a trip with your friends? Here’s a way to get cash back form the journey: offer to pay their hotel and airfare with your rewards card, then have them reimburse you with cash. There’s no added expense for them nor you, yet you reap the benefits of the entire group’s spending when your next cash back rebate arrives. This applies for almost anything, not just trips. If ever your friends or even a family member is about to make a large purchase, offer to do it for them. (Unless, of course, they’re as diligent about earning points as you are!)

7. I want you to notice the consistent thread running through all of these tips. They aren’t just random suggestions. In each case, you are either utilizing your own spending or the planned spending of another person to earn rewards, NOT modifying your existing spending in any dramatic way. What are your best tips for earning rewards without extra spending? For More Tips Visit us: www.pandacashback.com