Travel rewards credit cards are all the rage these days. The truth is, just about everyone out there loves to travel. The vast majority of consumers in developed nations use credit cards. So, when you attach travel rewards to credit cards, it’s bound to be an overnight sensation. Let’s face it, who wouldn’t want to travel at the expense of their credit card lender? However, not all travel rewards credit cards were created equally, not to mention different ways of using them can help you really maximize on the rewards potential of the card. That being said, today, we’re going to talk about how to get the most travel out of your credit card rewards!

Step By Step Guide To Earning More!

Step #1: Choose The Credit Card That Offers The Most – Travel rewards credit cards generally have a specific value per point earned. Some of those may be $0.005 per point earned which is pretty low. The average is around $0.01 per point. However, if you search hard, you can find offers with much higher values. The highest point value that I can remember seeing is 2.2% offered by the Barclaycard Arrival World MasterCard. For more information on that offer, click here !

Step #2: Create A Spending Plan – We all spend money on a regular basis. It’s how we get food, clothing, and anything else we need. To earn points, you’re going to have to spend money using your credit card. However, you don’t want to pay interest on your purchases because if you do, you’re not really earning your rewards, you paying for them. That being said, figure out how much money you usually spend in cash on a monthly basis for things like food, gas, clothing ect. Now, you’re going to use your card for those purchases. Don’t worry, you won’t pay interest on them.

Step #3: Start A Savings Account – When you spend money on your credit card, you have to pay it back. So, since the money is already spent, it’s good to have a good place to put the cash while it’s waiting to be paid to your lender. For me, the best place to put it is in an interest bearing savings account. This way, while you’re waiting to make your payment, you’re earning more!

Step #4: Nightly Transfers To Savings – It’s important to do this nightly to make sure that you’ve got the funds available to pay your card off before the grace period. Every night, before going to bed, add up all money that you’ve spent on your credit card. Now, go online and transfer that amount of money from your checking account to your savings account. This way, when it comes time to pay, you’ve got the money waiting. Until then, you’re earning interest on the savings total!

Step #5: Pay Your Balance Off Every 2 Weeks – The grace period on most credit cards ranges from 2 weeks to a month. Paying your balance off every 2 weeks is a sure way to make sure that you’re paid up within the grace period. However, the 2 week mark is a mark just to be safe. Look at the grace period on your credit card for the time you have available. After all, the longer the money sits in savings, the more you earn. With the Barclaycard Arrival World MasterCard that I mentioned earlier, the grace period is 23 days. So, you can feasibly pay your balance every 3 weeks and stay within the grace period while earning interest for an extra week.

Final Thoughts

It’s that simple, making sure that you get more for travel for your swipe from your credit card really is a pretty easy process. However, it’s important to keep in mind that if you’re going to follow this plan, you need to make sure that you follow it to the T. After all, if you don’t pay your balance off within the grace period, you’ll be charged interest. If you do it too much and rack up a high balance, you could find yourself in the midst of a financial hardship.

Reader Question

Do you use travel rewards credit cards? If so, where was your favorite place to travel when using your rewards?

Author Bio: This article about getting the most travel for your buck was written by Joshua Rodriguez, proud owner and founder of http://CNAFinance.com and avid personal finance journalist. Also to learn where he writes or to hire him for writing, check out http://www.JRodWrites.com.

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