Simple Credit Card Hack

posted in: Financial Tips 0

Have you been wondering how to get more bang for your buck when using your credit card? Credit card rewards can be an excellent way to enjoy extra benefits, and with Camino’s Visa Platinum with Rewards Credit Card, there are many rewards to choose from. A simple credit card hack that you can take advantage of to help you get the most out of your hard-earned rewards is using your points to purchase gift cards. 

At Camino Federal Credit Union, we have been serving Montebello since 1941 with local guidance and financial products tailored to each member’s situation and goals to help them get the most out of their financial tools. Learn more about this hack in our blog. 

Simple Credit Card Hack: Use Points to Purchase Gift Cards 

One component of effectively managing your credit card is understanding how to capitalize on points. Many credit cards allow you to purchase directly from credit card retailers using the credit card points you have accumulated. 

But a simple credit card hack that could often give you more buying power is using your points to purchase a gift card to make purchases instead of paying directly with points. Let’s get into how it works. 

With Camino’s Visa Platinum with Rewards Credit Card, each point is worth one cent. Let’s imagine you want to purchase a $50 item. That would equate to 5,000 points. But many retailers increase the price of an item if you’re paying in points. 

So, instead of this item costing 5,000 points, or $50, they might charge you 6,000 points, or $60. However, many retailers do not raise the price of gift cards when paying with points, and you can get a $50 gift card for 5,000 points. 

If you first purchase a $50 gift card for 5,000 points and use it to purchase that same $50 item, you could save 1,000 points, which comes out to about $10.

How Does Camino’s Visa Platinum with Rewards Credit Card Work?

With a Visa Platinum With Rewards card, you could receive access to higher credit limits and an extensive list of Platinum Perks. With this card, you earn 1 point for every dollar you spend. There is no cap to the points you can earn or expiration date on points.

Get a Visa Platinum Credit Card with Rewards to Take Advantage of this Simple Credit Card Hack!

Do you want to get the most out of your money? A Visa Platinum with Rewards Card could be your ticket to better banking, more savings, and a greater return! At Camino, our passion is helping our members build a better financial future with personalized financial products and advice to make your finances shine. Visit our Visa Platinum with Rewards Page and apply for a card today to get your ticket to better banking.