Maximize Rewards with a Cash Back Card

There are many ways to maximize your rewards with a cash back card. Studies show cashback cards have become more popular than airline or hotel rewards programs – plus they’re a great way to earn cash from purchases that you would make anyway.

If you use your cash back card effectively, it can be a great option if you are able to keep your balances paid down. Here are a few tips to get started.

Read the fine print. Your long-term goal will depend on how and what you choose to spend your money on. Be specific and track your progress.

Run your spending through one card. Make one card your primary rewards card to maximize the rewards program value and take full advantage of the rewards benefits.

Use store credit to keep points. If you return a purchase made with your cash back credit card, opt in for store credit for it rather than credit back to your card. This allows you to keep the points/cash earned on the purchase.

Look for signup bonuses. Try and find a card offering a signup bonus that you can earn using your regular spending habits. Just make sure that you’re not overspending to reach the required number of points.

Identify all recurring bills you can pay with a credit card. These bills might include gas, electric, cable, and telephone bills. Enroll the cash back card for automatic payments to these bills.

Learn more about the benefits of a cash back card to help determine if it’s the right card for you at DominionEnergyCU.org.

Earn 1.5% cash back and no annual fee with our Visa® Signature Cash Reward Card.