NerdWallet: Do this year-end check of your credit cards to make sure you’re maximizing your card benefits

by | Dec 29, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  December is an ideal time to make sure you’re maximizing any credit card benefits that may reset or expire at the end of the year. This is especially true if you’re paying for those benefits through an annual fee. It’s also a good time to review your spending habits to make sure the card you’re using is right for you. 

Here’s an end-of-year checklist that can help ensure you’re getting the most out of your credit card.1. Use your credits Some credit cards offer statement credits for certain types of spending throughout the year, but terms and expiration dates tend to apply. If it’s a recurring credit, it’s often a use-it-or-lose-it perk, meaning you can’t roll over any unused amount to the next month or year. If the recurring benefit is awarded annually, it’s also important to know whether it resets each calendar year, or on every cardholder anniversary, the month or date you opened the account. Either way, aim to make your purchase a few days before that date so that it posts to your statement on time. Pending charges that officially post afterward may not qualify. And as with any credit card benefit, don’t overspend on goods or services you don’t want or need just to get a small discount. Types of common credits include:
General travel purchases: Many rewards cards offer travel credits to offset eligible travel purchases at airlines, hotels, cruise lines and car rental agencies.

Airline incidentals:  …

Article Attribution | Read More at Article Source

Share This