You’ve spent and saved and finally racked up enough reward points for a free flight, hotel room, or even a major gift card. You eagerly rub your hands together as you stare at your computer, dollar signs in your eyes. Just as you figure out what you’re going to spend these points on; it hits you. Once they’re gone, they’re gone. Sure, you’ll have a free flight, but what happens next? You worked hard for these points and it almost feels like a pity to let them go. It’s at this point when you wonder if losing your points will contribute to losing your mind.
Find A Great Rewards Program
If the above scenario sounds like you, take heart. As long as you have a great rewards program, you’ll likely rack them back up not long after you spend them. Finding the right program can be tricky, but not impossible. In fact, we’ve found 5 programs that will help you let go with the knowledge that you’ll gain more points in no time.
5) Blue Cash Everyday Card from American Express
Do you go to the grocery store? Then this card is for you. Amex EveryDay gives you 3% cash back (read: rewards points) at all U.S. supermarkets, up to $6,000 per year. You’ll get 2% back at gas stations and a few select department stores, too. After that, it’s a standard 1% on everything else you buy. But if you like to cook at home, this is going to help your points accrue faster than any of the cards out there.
4) Bank of America Travel Rewards Credit Card
After you spend just $1,000 on purchases in the first 90 days, you’ll get 20,000 bonus points automatically. As you continue to spend, you’ll get 1.5 points for every dollar on every purchase you make, which can really get you points going. And if you have an active Bank of America checking or savings account, you’ll get an additional 10% in points per purchase. Oh, and there’s no annual fee.
3) Citi ThankYou Preferred Card
If you like to get out and dine, or be entertained, this card will get your points flowing. You’ll get 2 points per dollar spent at movie theaters, dining establishments, sporting and live theater events, zoos, and even streaming services. After that, you’ll get the standard 1-point-per-dollar. There is no annual card fee and points never expire, so this is worth the consideration.
2) Chase Sapphire Preferred Card
Spend $4,000 on purchases within the first 3 months of opening your card and Chase will give you 50,000 bonus points; not too shabby. You’ll get 2 points per spent dollar on dinning and travel, and 1 point per dollar on everything else you purchase. And if you use your points to book through Chase Ultimate Rewards, their value increases by 25%. Make this card your payment method of choice and you’ll be rolling in the points again in no time.
1) The Capital One Venture Rewards Credit Card
You know you’ve seen the commercials, but this card actually lives up to the hype. Once you spend your first $3,000, you’ll get a one-time bonus of 40,000 miles, but you can continue to gain points with every single transaction you make. You get 2 miles per dollar on every purchase, every day, so your points will grow just by doing things like buying clothing and putting gas in your car. It’s a tough one to beat.
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