Earn More Credit Card Points With “Double Dipping”

Credit card rewards programs offer a fantastic opportunity to earn points, miles and cash back on your day to day expenses. And if you’re looking to maximize your rewards, the “double-dive” concept could be a game-changer. Double Dive involves combining different strategies and using your credit card benefits to earn even more points in a single transaction. Here’s how you can effectively increase your credit card rewards and get the most bang for your buck.

First of all: know your advantages

Before you start double diving, it’s important to be clear about the benefits your credit card offers. This includes reward categories, bonus multipliers, and any partnerships or affiliations that can increase your earnings. Review your card’s reward structure to identify potential double dive opportunities.

Stack of bonus programs

One key double-dive tactic is the summation of reward programs. If you have multiple credit cards that offer different rewards for certain categories (e.g. food, travel, groceries, etc.), use the card that provides the highest reward rate for a particular purchase. For example, if one card offers 4x food points and another card offers 3x travel points, use the appropriate card for each expense type.

Go to trading portals

Many credit card issuers have online shopping portals that allow you to earn additional rewards for purchases made through their platforms. These portals often offer bonus points or cashback on top of what you normally earn with your credit card. Get double the fun by using your rewards credit card to shop through these portals, effectively earning rewards from both the portal and your credit card.

Similarly, linking your credit card to digital wallets like Apple Pay, Google Pay, or Samsung Pay can open up additional double-dive options. Some digital wallets offer their own rewards or bonuses for using their platform, allowing you to earn additional rewards along with credit card points.

Gift Card Strategy

Buy gift cards for your most frequent spending or preferred retail stores to double your rewards. For example, buy a gift card for a grocery store using a credit card that offers bonus rewards for spending on groceries. Then use that gift card to shop at grocery stores and get rewarded twice: once when you buy a gift card and once when you use it.

Use welcome bonuses

Take advantage of generous welcome bonuses when you apply for a new credit card. These signup bonuses often require you to spend a certain amount within a certain period of time. Double the fun by making sure your qualifying purchases also match your existing card’s reward categories, allowing you to earn rewards from both cards at the same time.

Credit card companies often make targeted offers to cardholders. These offers may include credits, bonus points, or discounts for certain merchants. Keep an eye on your card issuer’s deals and make sure you double-dip with the right credit card to take advantage of these promotions.

Remember to be responsible with your credit and stay within your budget with these double-dive strategies. With careful planning and an eye for opportunity, you’ll be well on your way to earning generous credit card rewards.