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Maximize Your Credit Card Rewards
Is your current rewards credit card serving you well? Here are seven strategies to make sure you’re getting the most when it comes to perks.
In today's competitive market, optimizing your rewards credit card usage can add up to a tremendous value. Whether you're looking to earn travel, cash back or shopping discounts, being strategic about your card usage is key.
Here are seven tips to get the most out of your credit card rewards program this year.
- Carefully review the fine print
Before applying for a new rewards card, carefully review the terms and conditions. In addition to rewards, look for a card with a reasonable interest rate and low fees. For example, many cards charge a balance transfer fee—typically, 3%–5% of the transferred amount.
- Fact: Mountain America never charges for balance transfers.¹ We also offer lower rates than many other cards.
- Explore cards with redemption flexibility
While many people use rewards for statement credits or cash back, don't overlook travel, merchandise, discount and gift card options. A single redemption method may be ideal for some shoppers. However, others prefer fewer limitations, opting instead for a wider variety of rewards.
- Fact: In addition to cash back, the Mountain America Rewards credit card features travel rebates, gift cards, event tickets and unique experiences.
- Understand your points value
Not all rewards points are created equal. Do the math on your card's reward program. It should be easy to earn points, as well as redeem them in a timely manner.
- Fact: With our Rewards credit card, you earn one point for every dollar spent. Additionally, rewards can be redeemed starting at about 3,000 points, rather than requiring millions.
- Take advantage of other card perks
Beyond rewards, many credit cards come with extra benefits like roadside dispatch and rental car privileges. Make sure you're utilizing these additional perks.
- Fact: All Mountain America credit cards feature Visa® benefits, which include a zero liability policy and emergency card replacement.
- Know when to swipe
A rewards credit card can be a powerful tool as long as you minimize interest charges. Use your rewards credit card only for expenses you can pay off each month. Don't let the lure of bonus points lead to overspending.
- Fact: As a Mountain America member, you have access to a variety of free financial tools to help you stay on track. Set up alerts to stay on top of your spending.
- Watch for promotional bonuses
Keep an eye out for limited-time offers from your card issuer, like earning bonus rewards. These special promotions can add an extra boost to your rewards accumulation.
- Fact: Points are not only easy to come by at Mountain America. Unlike other rewards programs, they are also easy to redeem² making your rewards experience seamless and enjoyable.
- Don't be afraid to switch cards
If your current card isn't a great fit anymore, don’t hesitate to explore other options. Maybe your lifestyle has changed, or another card better aligns with your spending patterns.
- Fact: You know where we’re going with this. Apply for a Mountain America Rewards credit card in the app, online or at any branch. You’ll be glad you did!
- Variable annual percentage rate between 14.24%–18.00% based on creditworthiness. 1% foreign transaction fee. Balance transfers and cash advances will accrue interest from the date the transaction is processed. The annual percentage rate for cash advances is 17.9%.
- Points are tracked and redeemable on a first-in, first-out basis. Points will expire on the last day of the month, three (3) years after the date of issuance.
