Which Credit Card to use when ?
Understanding Your Spending Habits
When it comes to making purchases, knowing which credit card to use can make a significant difference in your rewards and savings. To maximize your benefits, start by assessing your spending habits. Do you frequently shop for groceries, travel, or dine out? Different credit cards offer varying rewards based on these categories, so understanding where you spend the most will help you choose the right option.
Types of Credit Cards to Consider
There are several types of credit cards available, each designed to cater to specific needs. For instance, rewards credit cards typically offer points or cashback on every purchase, while travel credit cards might provide miles for flights, hotel discounts, and travel insurance. If you’re a frequent traveler, a travel rewards card could be ideal. Conversely, if your purchases are mainly at grocery stores or online shopping sites, consider cashback cards that give you money back on everyday expenses.
How to Maximize Your Benefits
Once you’ve chosen a credit card, it’s essential to use it wisely to maximize your benefits. Make sure to pay off your balance in full each month to avoid interest fees, and take advantage of any sign-up bonuses or promotional offers. Additionally, consider using your card for large purchases during special promotions to rack up rewards quickly. Understanding which credit card to use for each purchase type can lead to significant savings and perks, making your spending more rewarding.
For example, if you are paying rent, Bilt Mastercard might be better choice ( due to ability to pay rent using credit card ) OR if you are buying small-to-large appliances, Chase Freedom Unlimited might be better choice ( due to extended warranty ) as each card has some benefits related to each spending category. You get the idea….. I’ll be writing more articles on this topic. For now, here is the my choice of Credit cards for each spending category. You can make one for yourself.
| Spending Category | Credit Card to use |
| Rent | Bilt Mastercard |
| Buying small-to-large Appliances | Chase Freedom Unlimited |
| Frequent Travel | Penfed Pathfinder |
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