How to get freebies from your credit card

Good morning Loves.  Let me ask you a quick question, what is your biggest expense each month?  For most of us it’s probably our mortgage payment or rent.   Or maybe it’s your car payment or your grocery bill.  Either way they are all big expenses.  Now think about if you could get some of that money back every month, wouldn’t that be great!  Well you can with cashback credit cards.

I have had my share of financial troubles in the past, from over spending to living on credit and accepting way more credit card offers in the mail than I could afford to pay off.  I try to avoid all those bad habits now that I have my financial life in order.  However, the one habit that I still believe in today is getting as much bang for my buck as I can.  This used to include signing up for credit cards just to get free gifts and transferring my accounts to a new bank just to get the service charges waived for three months.

Changing your financial life to get a free gift or service is just a gimmick and it can end up costing you a lot more money in the long run.  Now I still get bang for my buck but I do it wisely and consistently with cashback credit cards.

3 reasons I love my cash back credit card

You are rewarded for all your purchases. Sure it’s great to get a free tablet when you open a new credit card or get a free toaster when you transfer your bank account.  However those gifts only reward you for a one time action.  Cashback credit cards allow you to earn rewards on all your purchases.

Some cashback cards even give you more  cashback on certain purchases such as groceries and gas purchases. It’s a great way to get cash back on some (or all) of your everyday expenses.

You earn rewards consistently.  Cashback rewards are not just a onetime item that you get at sign up or upon approval.  With a cashback rewards card you get rewards consistently every day, all day with every single purchase.

In my opinion this is a way better financial advantage than just getting a toaster one time.  I didn’t know it back then but now I know getting rewards consistently over time is a better financial benefit than getting a onetime reward.  That’s one thing I have learned over the years of paying for my financial mistakes…always think long term when it comes to your money.

Cashback is only one of the rewards.  Many credit providers such as American Express, Visa and MasterCard offer cashback rewards along with other perks such as travel insurance.  American Express in particular is known for their excellent travel rewards and loyal member services.

On top of cashback rewards your credit card may also offer travel insurance, baggage insurance, fight delay insurance.  It can also offer other types of travel benefits such as upgrades and access to airport lounges.  Of course the rewards offered depend on the type of credit card.  That’s why it’s important to read your service agreement or call your credit card provider to learn all about the rewards offered.

Photo from Flickr