5 Ways to Maximize Credit Card Rewards Without Overspending

Shopping for “needs” is one thing, but we all know how huge sales can convince us to stock up on “wants.”

Unfortunately, overspending to earn rewards never makes any sense, and that's particularly true if you wind up carrying a balance on your credit card.

Think debt can't happen to you? Think again. Recent credit card debt statistics show Americans currently owe around $804 billion on their credit cards, and the national average unpaid balance is approximately $6,569.

However, if you want to earn more points and miles without abusing the power of rewards, here are five tips that can help.

Use Your Card for Everyday Purchases

Make sure you're using your credit card for gas, groceries, streaming services, and miscellaneous purchases you make throughout the month.

Pay Bills with Plastic

In the meantime, make sure to check for other bills you can pay with a credit card, including ones you wouldn't normally think of. You may be able to pay for your health insurance with a credit card, or for your gas or electric bill.

Pick the Right Rewards Credit Card

Also, make sure you select a card that lines up well with your spending habits.

Monitor Your Budget

This information can help you figure out which rewards credit card works best for your goals, but it can also help you understand how much you should be spending on your card each month.

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