Otherwise you may be leaving a lot of money on the table.
But it can be challenging to navigate the world of credit card rewards.
Enough small talk.Here are some waysto earn extra cash, without all of the social stuff.
That means that while youre meeting that minimum spending requirement, youre earning 15 Ultimate Rewards points per dollar.
you might see the difference.
Some cards offer a flat 1 or 2 points for every dollar you spend.
Yourcredit scoreconsists of five factors, and one of the largest factors is your credit utilization.
Credit utilization is the percentage of your total available credit that youre currently using.
New credit how recently youve applied for new credit cards accounts for about 10% of your credit score.
When you apply for a new credit card, your credit score usually will dip 3-5 points.
Missing payments and paying credit card interest and fees will quickly sap up any rewards you might earn.
Another thing to be aware of is thepsychology of credit card rewards.
Then pick the credit cards that give those miles and points.
Dan Miller is a contributor to The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
