650 Financial tips and laws for today and tomorrow

Here are the best tips to make the most of credit card rewards.

Tip 1: Choose compatible rewards card

Choose a card whose reward categories (travel, groceries, gas, etc.) match your usual expenses.

Tip 2: Don't overspend

Charge only what you can pay back in full. Prevent interest from sneaking in.

Tip 3: Use the card frequently

Redeem frequently; monitor if point valuation changes; avoid letting rewards sit around.

Tip 4: Change cards if improved deals are available

Periodically check if your card remains "the best fit." Change when improved opportunities are available.

Tip 5: Collect the sign-up bonus

Know what is included toward the bonus and strategize to get it if the bonus is worthwhile.

Tip 6: Don't overlook cards with fees

If what you receive is more valuable than the fee, it might still be worth your while. Ask the issuer to reduce fees too.