Tuesday, 16 July 2019

Maximizing Points & Cashback with Mother’s & Father’s Day | Earn More While Celebrating

Maximizing Points & Cashback with Mother’s & Father’s Day | Earn More While Celebrating
31 Jul
8:00

Hi there, it's Ernest from Trip Astute In this video, we're going to review some tips and tricks to maximize your points while shopping, especially with Mother's Day and Father's Day around the corner

(light chiming music) Here in the us we celebrate Mother's Day in May and Father's Day in June It's a great holiday and often a time to express appreciation for those in our lives that have served in the most important job in life — being parents It's also a time where we tend to spend money on gifts

So today, I want to do a quick review on where and how you might want to shop in order to maximize your points and miles earnings For some of you, this will be a reminder For those of you who might be newer to the hobby, I'm hoping to help you earn a few extra points while shopping for gifts So, let's run through the list Number 1: Buy gift cards at grocery stores

You guys have heard me talk about this one before With the Chase Freedom and Discover It both offering 5% on grocery store purchases, now is definitely a good time to take advantage of gift cards If you're looking to get someone a gift card this should be your first stop, assuming that you have a card that offers the quarterly bonus Also, if you have the American Express Blue Cash Preferred card, then you're earning 6% cashback at grocery stores all year round Another tip for buying gift cards is to consider getting them for restaurants that you may be visiting

For example, if you happen to be going to Macaroni Grill for Mother's Day, then you could get a gift card to pay for part or all of the meal Obviously, you'll have to guess the amount, but it's a good way to maximize your points and cash back on the celebration Number 2: Redeem American Express offers I have to admit that I didn't even know about these offers until a few months after I got my first American Express card If you log in to your American Express account, you'll see offers listed at the bottom of your home page

These range from restaurants, stores, and even services like flower deliveries This is one of those special features about American Express that I don't hear many people talk about, but I honestly think it's really valuable You can easily recoup your annual fee by just taking advantage of these deals Keep in mind that offers are personalized so you may have slightly different merchants listed based on your location, spending habits, and card But just scanning through my list now, I can see a lot of potential gifts that I could get for my mom

Number 3: Use an airline, hotel, or credit card shopping portal It seems like every travel brand and credit card now offers their own online shopping portal where you can earn extra points or miles This is also a great way to earn a lot of points especially if you double-dip on both the shopping portal and any extra points you might earn by just using your credit card Managing all the programs and bonus amounts can be difficult, so I recommend using a search site that can show you the exact reward amounts for programs when shopping with a specific merchant Two sites that I use and recommend are EV Reward and Cashback Monitor

To use these sites, all you have to do is enter where you plan to shop and the site then shows you which program gives you the best bonus Suppose you plan to order something online at Walmart If you search on Walmart, you would see on both EV Rewards and Cashback Monitor that Discover's portal is offering 5% cashback while Chase's Ultimate Rewards portal is only offering 2% If you have a Discover Card, then you'd want to use it over your Chase card since the bonus is more than double There's actually a lot of ways to maximize your cashback using these shopping portals, so I'll try to cover it in the future video

So those are my top three ways to earn extra points for Mother's Day and Father's Day Though as always, I thought I'd share a few more tips to keep in mind Number 1: Don't overdo it! This is especially the case for gift cards If you normally only spend $50 a week on groceries but then spend $200 on a visit buying gift cards, it's likely that your card will get flagged for fraud or suspicious spending Just be careful how much you are spending and the total amounts per visit

The issuers generally frown upon manufactured spending, so just exercise caution, and try not to go overboard with your spending Number 2: Keep your receipts I bought a couple of gift cards a few years ago and when I gave them away, I was told that the cards had been drained After a ton of phone calls and research, it appeared that someone either at the gift card distributor or grocery store had redeemed the cards between the time as they were activated and the time that the person I gave him to tried to use them Luckily I had the receipts so I was able to get it resolved, however it was a process and definitely made me cautious about keeping receipts when buying gift cards

How do you maximize your points and miles during Mother's and Father's Day? Please share your tricks in the comment section below and let us know if you have any questions If you're interested in applying for any of the cards mentioned in this video, check out our credit card offers page on our website for the latest offers We do get a percentage if you use our link It doesn't cost you anything extra but it does help us continue creating content for this channel If you enjoyed this video or found it useful, please give it a thumbs up and consider subscribing

Also, sign-up for our newsletter on our website for travel articles, updates, and giveaways Until next time, travel safe and travel smart

Source: Youtube

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