Rewards cards do’s and don’ts

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The unofficial start to summer is here, and chances are you’re already planning your sunny get-aways.

But before you book, a new report finds most of us are missing out on profitable credit card rewards.

Vacation mode– on.

And if you weren’t planning to use plastic to pay for summer travel. Think again.

According to a new survey by “US News and World Report,” 61-percent of surveyed Americans don’t have a travel rewards card and may be missing out on big rewards.

Beverly Harzog says, “Of those who had rewards travel credit cards about 49% had earned $1,051 or more in the past year.”

Experts say follow these rewards cards dos and dont’s.

The first do, find a rewards card that fits your lifestyle.

If you drive a lot, get a card that gives you cash back when you gas up.

And if you like to entertain, a card that gives you money back for dining may suit you.

Beverly Harzog says, “Look at your spending patterns. Do you spend a lot on groceries? Maybe you need a credit card that offers grocery rewards.”

Another must-do: Research which card gives you the biggest sign-up bonus.

And here’s what to avoid: Don’t leave money on the table.

Keep track of all your rewards programs to make sure you redeem points before they expire.

And finally, the biggest no-no.

Beverly Harzog says, “One thing you want to avoid is putting your vacation expenses on a credit card if you don’t think you can actually afford a vacation.”

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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