When it comes to online shopping, many shoppers prefer using credit cards for payment for the convenience that they offer. For instance, credit card payments are reflected within seconds.
This allows you to lock in on that limited-time sale or get the item packed and shipped to you much quicker. Additionally, credit cards are universally accepted, which means most shopping platforms will have them among their accepted payment methods.
Another great benefit of using credit cards in online shopping are the rewards points that you get after every purchase and other exciting bonuses. For the best value, here are some ways to maximize your credit card perks and enjoy more savings and discounts.
1. Take Advantage of Cashback Offers
One of the best credit card for online shopping Philippines’ consumers can get is one with cashback rewards. This way, every qualified purchase you make will give you something in return.
Take note that different cards have different cashback rates. Moreover, some purchases may not be eligible for cashback (e.g., some cards don’t award cashback for utility payments), so make sure to read your card’s fine print first to know the details.
The cashback you get from your shopping expenses can also be used to lessen the burden of your other expenses.
For instance, using Maya’s Landers Cashback Everywhere Credit Card for your online purchases allows you to earn cashback points that can be used in any Landers Superstore.
As such, even when you shop online for non-grocery items, you’re still able to build up those cashback rewards to reduce your grocery costs the next time you go to Landers.
2. Check for Bonus Categories
In addition to cashback rewards, credit cards also let you earn points that you can use to redeem various kinds of rewards. The points you earn depend on the amount—for example, you may get 1 point for every PHP 50 spent.
You can then use these reward points to claim discounts, vouchers, free meals, gadgets, and even air miles or hotel room upgrades.
If you want to earn more points quickly, pay attention to bonus categories, like buying groceries or dining out. Using your card for these purchases can award twice the amount or even more points.
Many credit cards include online shopping as one of their bonus categories, meaning you can obtain more points if you use your card for your online purchases.
Once you’ve accumulated enough rewards points, you can then redeem vouchers or discounts to use for your other non-online purchases. It’s a straightforward system that allows you to enjoy more rewards in the long run.
3. Shop from Your Credit Card Provider’s Partner Merchants
Credit cards often have a wide selection of partner merchants. If you purchase from these stores, you can enjoy more perks like discounts, freebies, or even a more generous payment schedule.
As such, it’s always a good idea to check which online stores have partnerships or promotions with your credit card provider and shop with them instead to enjoy those exclusive benefits.
Do keep in mind that some discounts are limited to particular products or services only, so confirm first if what you’re planning to purchase is eligible.
Likewise, promos can rotate occasionally and some may have time limits, so make sure you’re making the purchase within that validity period.
4. Consider Installment Options
Purchasing big-ticket items such as gadgets or large appliances can be hard on the pocket, especially when paid in full. Fortunately, you can use your credit card to make the payment much easier on the budget through installment options.
Some online stores even offer 0% installment plans as an exclusive perk for particular credit card holders. If you need to make a big purchase soon, be sure to check if your credit card has this type of payment offer.
By taking advantage of installment plans, you don’t have to worry about making a huge dent in your savings and instead spread out the payment over several months.
5. Use Card Control Options for Budgeting
It may be fun to indulge in the occasional retail therapy, but make sure you don’t go overboard. Fortunately, taking full control of your credit card is now easier than ever, thanks to accompanying mobile apps where you can easily check your card transactions.
In addition to being able to view your transaction history, these apps also allow you to set spending limits and other restrictions on your card. Make full use of this feature when budgeting by setting a specific amount for online purchases each month.
This makes it easier to stick to your budget and build a habit of responsible online spending without having to completely deprive yourself of the occasional shopping spree.
Your credit card is there to boost your spending power when you need it. So, if you’re already using your credit card for online shopping, make sure to take advantage of the other perks that come with it.
The next time you’re looking to purchase something online, try out the tips discussed above to enjoy more discounts and savings to make the most of your credit card.