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
Money-Saving Habits You Shouldn’t Skip
If you believe that the only money management skill you might ever need will be one of maintaining a budget. The...May 5, 2020
Great Ways To Make Your Money Work for You
Money is a tool that can help you achieve your goals but it is important for you to realize the value...May 5, 2020
Fancy Wine Tops List Of Things Wealthy People Like To Collect
It is no secret that rich people enjoy spending their money in ways that average people do not. While you might...April 29, 2020
Most Common Shopping Myths People Believe In
Shopping is definitely a great way to unwind, however, it can be pretty addicting. There are people who simply love window...April 29, 2020
Interesting Facts About The World’s Ancient Money
Money has been such a huge part of people’s lives for thousands of years now, but it wasn’t always like what...April 29, 2020
Habits That Might Lead You To A Financial Crisis
There are just so many ways that people can get into financial crisis, such as a sudden death of a family...April 29, 2020
Tips and Tricks For Sensible Saving
Money is indeed meant to be spent, people get jobs and have a career to be able to earn a good amount...April 29, 2020
All The Things You Learn When You’re in Debt
Unfortunately, we are not all smart with money. We make bad decisions, we are stubborn and naive when finances are in...April 21, 2020
Some Precautions You Need To Take When Shopping Online
Shopping online has become a favorite pastime among many people because it can be fun to search stores and websites for...April 14, 2020