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Opportunities to earn rewards points and ultimately gain more money online
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Opportunities to earn rewards points and ultimately gain more money online


Earning online money through reward points is getting much popular in today’s world. May people find this way of earning very complicated and do not understand the nuances of getting into the heads of the arrangement. In order to get benefit of the situation, you need to understand the way that rewards points are given to the customers.

Given are some of the help that you may need regarding earning reward points.

Sign up for four to six cards a year

Competition has really pushed up the value of sign-up bonuses, which are often worth hundreds of dollars, if not more, in points or miles. Now it’s a totally different world. Fifty thousand miles is the new 15,000, and we’re seeing 100,000-mile sign-up bonuses with some regularity. It’s incredible. With that many miles, you can get two coach tickets to anywhere in Europe, worth several thousand dollars. Many credit card gurus have found that signing up for four to six credit cards a year, and then canceling them once the rewards have been issued, has had only a small impact on their credit scores. Of course, it’s probably not a good idea to do that if you know you’re going to refinance or apply for a big loan like a mortgage soon.

Lend money to someone

Through international micro-lender, you can use your credit card to loan money to a screened applicant from one of 60 countries. The borrower pays you back over time, and Kiva claims a low 1 percent default rate. “You get the points, and you know you’re doing something worthwhile, who blogs about credit card rewards. Is it 100 percent guaranteed? No. But I’ve been doing it two and a half years, and I’ve never had a problem.

Transfer money to a friend or family member

Offering to put dinner on your card when you go out with friends is a no-brainer, but you can also use your card to pay friends back by using a payment service such as Amazon Payments, PayPal or Venmo. Some rewards buffs report in travel forums that they take that to the next level, using payment services to regularly pay a family member large amounts and then get reimbursed, just to get the reward points, though some experts say that tactic is questionable.

Register your cards

Register up to five credit cards with this program and you can earn miles or cash for eating out at participating restaurants. Get up to 15 miles or 15 percent cash back per $1 spent, depending on how often you eat out and whether you’re willing to fill out surveys about your experience. This is a really good way to earn rewards with very little effort, webmaster of Freefrequentflyermiles.com. Sometimes you don’t even realize the restaurant is included, especially if you’re traveling, and you get points anyway.

Segregate your spending

Some cards give you extra points for gas; others give you a bonus when you use them for groceries or travel. Make sure you’re making a conscious choice about which card to use where. Everybody should have three or four or five cards in their pocket. At restaurants, use one that pays extra points for dining out, at gas stations, use the one that gives you back more for gas, and so on. And if you’re buying an airline ticket, use the one that gives you 1 point per purchase plus 1 point for every mile you fly.

Use shopping portals

Never go directly to a store’s website, the experts say. Always check first to see if it’s listed at the shopping portal of the bank, airline or hotel associated with your credit card. If it is, you’ll earn the typical reward for your spending, plus additional points, miles or cash back, depending on the program. Many retailers even ship straight to the store for you so you don’t have to pay shipping. One caveat: Comparison shop before pushing the portal’s buy button. Some portals’ prices far exceed the retail value of items, making your extra points very costly.

Get reimbursed manually from your flexible spending account

If you pay your medical expenses out of a flexible spending account, don’t use the card they give you, says Daraius Dubash, who blogs about traveling using miles and points at Millionmilesecrets.com. Pay for those expenses with your rewards credit card instead, and then manually file for reimbursement. It’s slightly more time consuming, but the points add up quickly, who together with his wife has 3.8 million miles.

Get creative with sitters, contractors

Ask your nanny, house cleaner, pet sitter and yard man if you can pay them with American Express gift cards instead of cash, Dubash suggests. Or see if you can pay them through Paypal, Venmo or Amazon Payments. Another way to rack up points: If you’re doing a lot of work on your house and you trust your contractor, give him your credit card to buy what he needs for the job.

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