You Can Earn More Money By Simply Switching Your Credit Card
Millennials seem to prefer living their life in flux because of an increasing number of job opportunities that allow for remote working as well as flexible timings. These young people are comfortable shifting their residence whenever they feel like switching jobs. With such a changing lifestyle, millennials need flexible ways to manage their money. More importantly, they need to keep their spending habits in check.
Does this mean that switching jobs can deplete the money which is present in your bank account due to all that expenditure associated with moving? Yes, it possibly could. But the good news is that many banks are now offering cash reward points on credit cards for their customers who need to be flexible in their spending habits.
Through such credit cards, users can earn cash backs of up to 3% on spending depending upon the category of their choice. The cash back available on a wholesale store and grocery store shopping is about 2%.
However, the limit of shopping on grocery as well as wholesale store items should be at least $2,500 each quarter on an aggregate basis in order to avail this facility. Apart from this, there is 1% cash back available on every purchase that is not made under these categories.
There can be various reasons why you may need to switch your job, ranging from a differential in salary, better work environment, or a more attractive job role. You are very lucky if you are able to find a workplace which offers a satisfactory job working environment. However, switching a job can be expensive, and if you are not willing to compromise, then you need these cash back rewards more than anything else as they provide greater flexibility with your employment choice by giving you a little more cash to spend.
How Will Cash Back Rewards Help You?
For example, it is very much possible that your new job has increased your commute, which means that your gas expenditure for the month will increase as compared to previous months. However, if you know that you are receiving a regular cashback on your gas purchases, then the increased commute may not be so bad.
As we mentioned before, these cash-back credit cards give you 3% cash back on your chosen category, which also includes the category of gas. If you set the default category as gas, on every purchase of gas you will earn 3% cash back. Cumulatively, this makes a significant amount of cash back at the end of the month as you will be buying gas quite regularly.
There are five other categories which allow 6% cash back, including dining, drug store purchases, online shopping, travel, and expenses on home furnishing. There is also an option to change your category every month, albeit just one time.
Enjoy Greater Flexibility
When you know that every purchase is giving you a cashback, then you will feel more relaxed while spending your money, especially when traveling to different places. When you are making frequent hotel and airline bookings, what could be more rewarding than getting some of your money back in the form of cash-back?
So, if you know that your upcoming month is full of traveling, you can switch your category to travel for that month and earn a cash-back of up to 3% on every purchase.
Credit cards are easy to use and are accepted around the world. They make your life more convenient because of ease in making payments through terminals which are now chip-enabled. Six different categories of cash-backs allow you to plan your savings well in advance.
Whether you are moving from one apartment to another, buying new furniture, or have any other home improvement plan, you can easily pay with a credit card and get some portion of that investment back in your bank account without doing anything. That sounds like a pretty sweet deal to us!
More in Life Style
From Rags to Riches: Billionaire Kim Pegula’s Inspiring Story Will Bring You to Tears
How many “from rags to riches” stories have you heard this far into your life? Such tales remind us that no...September 8, 2020
Are You Prone to Making These Common Money Mistakes? Here’s How to Stop Today
Truth be told, we have all made a poor financial decision or two over the years. The silver lining is that...September 8, 2020
Why Prince Harry and Meghan Can’t Wait to Move to Africa
Recently, the British royal family’s Kensington Palace released a statement announcing the fact that Prince Harry and his wife Meghan Markle...September 8, 2020
These Celebrities Have Some Great Money-Saving Ideas For You
Most of us have the perception that celebrities live a very lavish lifestyle, but in reality, that is not always the...September 8, 2020
Kathy Griffin Talks Money, and She Finally Reveals Some of Her Secrets
All of us have grown to appreciate and love Kathy Griffin for the amazing comedian she is and who has dedicated...September 8, 2020
Here’s How David and Victoria Beckham Have Become a Billion Dollar Brand
Victoria and David Beckham have been the all-time power couple, with everything from their dressing sense, their well-mannered children, to their...September 8, 2020
Want to Be Successful? Here’s a Free Lesson from Priyanka Chopra Jonas
Even before her successful entrance in Hollywood, Priyanka Chopra Jonas (yes, that’s her new name according to her Instagram profile) was...September 8, 2020
Is It Alright To Lose Weight Fast?
Experts in the business of weight loss have been recommending that people who are trying to lose weight must do so...September 8, 2020
How You Can Become Wealthy
It can be a rewarding and an exciting experience when trying to build wealth. Besides providing you an opportunity to lead...September 8, 2020