1. What are credit card reward points?
Rewards and Points are a way for banks and credit card companies to “reward” users for spending money using their credit cards. This is to maintain user loyalty as well as simulate a spending habit among users. Think of the mouse, mousetrap and cheese. The interest rates on credit cards are pretty darn high. It ranges from 30% and can go up to 60%, not to mention the added penalties, late payment fees and a damaged credit score if you fail to pay.

2. Right way to earn credit card points
The right way to use your credit card is to buy with a card only when you have the money in your hand. If you fail this, even the best credit cards promising the best rewards will end up sucking you dry with 30% or more interest. So, no matter what you buy, at the end of your card billing cycle, when your payment is due, you should be able to pay it back. There should never be a time when you have a partial payment on your credit card and end up paying interest on your spending.

Best ways to earn reward points
1. Go cashless. Swipe for Everything.
I can’t make it simpler than that. Use your credit cards for every possible transaction. Instead of using cash or a debit card, pay with your credit where possible and pay back your card at the end of the billing cycle. Even the smallest of purchases when aggregated will get you some great bonus points and rewards over a period of time.
2. Pay for your colleagues, friends and family
The other day, American Express Cards was running an offer along with Tanishq. Anyone who buys gold from Tanishq store with an AmEx Gold card would get a 10% instant discount. I did not want gold. I simply let the colleagues in my office know of the offer and said I have the Amex card, but am not planning to use it. Someone who wanted to buy gold approached me and asked if they could use my card and pay me back in cash.
3. Take on office expenses with your rewards card
If you have a lot of office expenses, which you need to pay first and collect from the office later then you’ve hit the reward point jackpot. Pay for these expenses using your credit card.
A few areas you can use this idea:
• Booking business trip tickets
• Paying for team and business lunch, dinner etc
• Purchasing office good, equipment
• Paying for seminars, webinars, courses that your office will pay you back later
4. Insurance, Home Loans, Investments, Rent
There are a tonne of places where you can use your card. Instead of paying with cash or a debit card, UPI or net banking, be a Superstar and pay with your card. Later on pay the money back into your card.
Here is a small list of ideas.
• Insurance payments
• ULIP and even a few SIPs
• Some home loans can be paid via credit card. Explore…
5. Online Groceries is the smarter way
Eggs and milk can be bought with a credit card. Start ordering weekly and monthly groceries online. If you are not happy with the quality of vegetables alone (we are not, so we visit the store in person for this). Buying groceries online open up more room for offers and discounts. Amazon runs weekly and monthly rewards program for various cards such as ICICI Rewards card, Citibank Rewards card, SBI rewards card etc.
So all of these are the ways to Earn More Credit Card Points as well as one who want bank loan for their new start-ups they can get loan on bankable project report but they first need to know what is project report so they can get bank loan on their fixed deposits as well to start a new business they need to know How to make project report for loan so that they can get Bank Loan on Project Report for project report. Even they can get specific CMA Reports or else they can get Free Project Report for Subsidy as well.
So they can take an advantage of that scheme for their new project report or they can get bank loan on Project report for PMEGP loan, Project report for CMEGP loan, Project report for CGTMSE loan. Or event they can get Online CMA Report or DPR format for their acknowledgement.


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