3. Make your card your Christmas shopping companion
Or, use your card wherever you go! Whether you’re on the Christmas lunch grocery run, buying presents at five different shops or treating the kids to a Friday night movie trip, flash your rewards plastic at the checkout to watch those points build up quicker.
Just remember to keep an eye on your balance and pay it off in full before the due date, so you don’t wind up stung with interest charges.
4. Make Christmas sending a family affair
While your own Christmas list might be top of mind this year, it pays to remember that everyone else is Christmas shopping too. That means your partner, mother, brother or sister’s spend could be going towards your points stash too.
If you’ve got a trusted family member who you can pool points with, look into getting a supplementary card for them. You can often get this card for free or for a small extra fee, and then spending on both cards will earn points to the one account. But remember, you’re responsible for paying off the purchases made on the supplementary card as well, so only give it to people you absolutely trust.
5. Play the Grinch with your credit card company
Another quick way to add a stack of rewards points to your stash is to play hardball with your card provider. You can call and say you’re thinking about cancelling your card, and ask if they’ll offer you some bonus points to stay. But be careful with this strategy - they might not offer anything, and then you’ll have to decide whether to go through with your bluff!
If you do this, it’s worth comparing other rewards card options in the market first - that way, you can use other offers as a bargaining tool, or if it really comes to it, you might decide to put your money where your mouth is and apply for a new credit card.
A word of warning…
When you’re piling up points, there are a few traps to be wary of. The main one is, never overspend just for the sake of earning more rewards points! It’s generally not worth it, and you’re better off just using the money you would have spent to buy the flights or gift cards you would have used your points on.
The other big thing to keep an eye on is your monthly balance. Rewards cards tend to have pretty high interest rates, and can sting you if you aren’t careful. Avoid racking up a credit card bill that you can’t pay off within the monthly interest free period, so that the value of your points isn’t cancelled out by hefty interest charges.