How to Earn Points on Retail Credit Cards

With a range of offers and discounts available through digital payment getaways, it has become easier to make the most of points earned with every payment. Banks and financial institutions offer a variety of cards that help individuals earn reward points and redeem the same for subsequent purchases.

Retail cards are useful to snag various discounts and deals, but if they are rarely used, it is easy to miss the bill paying dates and default in the payment. Since payment history is of significant importance for personal scores, even a single default in payment can cause creditscores to decrease and eventually have an impact on your credit history. In order to earn points on retail cards, follow the below-mentioned steps:

  1. Avoid a late payment

One of the most important steps to earn points on a credit cardis to ensure that there is no delay in payment. You may choose an autopay option that allows the payment to be automatically deducted from your bankaccount. This will ensure that no payment is accidently missed out. If you are unhappy with the autopay option, you may choose to make your purchase and pay off the amount immediately. This can be done at the cash register with the use of a debit card. If you are a regular user of retail credit cards, you very well know that a late fee and interest could wipe out all the benefits and rewards you may have gained. Timely repayment of the dues will save the interest money and help increase your credit ratings.

  1. Make purchases using yourretail credit card

Since you are working to earn points on retail credit cards, it is important to always ensure that you are making purchases through the card. The higher the amount of spending on the card, higher will be the points for you. However, you will have to check which retailers accept the card for your purchase and offer reward points on the same.

  1. Choose the right type of retail card

Store cards can be used in a specific store only unless they are co-branded with a MasterCard, Visa, or American Express logo. Majority stores offer atleast one co-brandedcard in addition to the retail card. It is ideal to use a co-branded credit cardsince it will allow you to earn higher reward points and the same points can be redeemed across different purchases.

The next time you plan to go for a credit card, make sure you take the right steps to earn points on the card and redeem them against other purchases.