You can get a lot of cashback from your credit card if you know how. There are some simple strategies that you can use to make sure your rewards are maximized. If you’re not getting all the value out of your credit card or bank account, read on for tips on how to get more cashback.
Track your spending to see where you can make small changes
Tracking your spending and seeing where you can make small changes is the first step towards earning 3% cash back on your cards.
You may be surprised to see how much money you spend in areas like restaurants and groceries, which can easily be cut down to save money. There’s no need to sweat the pennies when it comes to tracking your spending; looking for opportunities to reduce big expenses will help reduce your total bill and make more room for rewards down the line.
Compare your cashback options
Once you’ve decided which rewards card is right for you, it’s time to start comparing rewards cards. But, as with any other product, there are many different options for cashback credit cards.
Knowing which is best for your situation can make it easier.
If you’re looking for a card that offers a signup bonus and ongoing rewards, look into a 3% cash back credit card like SoFi. They offer “3% cash back rewards for one year and up to $250.”
Choose a card that matches your spending
To earn 3% cash back, you first need to choose a card that matches your spending. Cashback cards can be tailored to your specific needs, so take some time to compare different options before settling on one. One great way to start is by choosing a card with a good rewards program and no annual fee.
Consider the type of purchases you make most often—for example, if you regularly shop at gas stations or grocery stores, it may make sense to sign up for a gas-and-grocery rewards credit card instead of just any old cashback card.
Leverage your grocery store rewards
There are two ways to get 3% cashback if you’re a grocery store shopper. First, you can use a credit card that offers rewards on grocery purchases. Second, you can use a unique type of reward card specific to one grocery store chain: the Safeway Club Card and Kroger Plus Card. These types of cards offer up to 5% off your total purchase amount at their respective stores. So if you’re eating out or cooking at home with your family on a regular basis, think about how much money this could save in just one year!
Hopefully, this post has helped you understand how to earn 3% cash back on your credit cards. You know it can be a bit overwhelming, but it all comes down to tracking your spending and choosing the right card for each spending category. Once you’ve got that down, start saving money with your favorite stores and brands!