5 Ways You Can Earn a Quick Cashback without Having To Spend Extra Money


Using your credit card becomes even more lucrative, especially if you earn cashback rewards along the way. However, a lot of consumers make the terrible mistake of getting obsessed with rewards. In turn, these individuals end up disturbing their spending patterns just to earn them. That being said, according to the Wall Street Journal, it has been noted that rewards cards directly affect spending habits and cause consumers to increase their overall debts.

 Fortunately, as a consumer you do not need to increase your overall debts to make the most of your rewards cards. What is really interesting is the fact that with a few tweaks and tips, not only can you earn cashback rewards, but you can do so by spending very little of your own money. If you wish to learn more, read on.

1.     Choose a Card that Suits your Spending Habits


Enough emphasis cannot be placed on the fact that you will need to pick the best rewards card. Additionally, it has to meet your unique lifestyle. But then again, picking a card is not that simple. You have to keep in mind these cards are not specially designed for one individual in particular. These cards are instead the by-product of highly paid marketing teams that come together and brainstorm in order to come up with different ways to attract new customers as well as retain the existing ones. This makes the target audience a broad group like ‘business travellers’ or ‘students’ for instance. You will have to do your homework and will have to understand these marketing tactics. Once that is taken care of, it will be easier for you to determine which card provides the most rewards based on your spending patterns.

If you are still uncertain about the right card, there is no harm in searching for reviews online. These reviews provide valuable insight about consumer experiences and should help in the decision-making process. Research is the key in this regard. If you are still not satisfied and are finding it difficult to come to a thorough conclusion, there are plenty of other ways you can go about in order to make an informed decision. You can always ask for recommendations from your friends and family members. Moreover, you can tell about a particular credit service provider by their experience in the field. There are plenty of factors for you to consider, but know this, finding the right card is imperative for the following steps to work for you.  


2.     For all Recurring and Routine Expenses, Use the Credit Card


One of the biggest mistakes most consumers end up making to earn rewards is that they assume that they will earn more points by spending even more than ever before. Not only is it a bad idea, but it is reckless move on their part. These consumers usually look for the slightest of excuses to buy stuff just to increase the total amount of money being spent along with their totals.The approach is flawed, it is a sure way of increasing your debts by leaps and bounds, but even this should be the least of your concerns. You end up spending more than what is necessary, which itself is never a good thing. This in turn becomes a habit, which at times is difficult to get rid of!This can be avoided by using your credit cards to finance your day-to-day spending. Usually just like any other individual you know, you would have used debit cards or cash, but using your cashback card instead for such purposes will boost your spending total. Most importantly, it will not affect your finances in the process.

What most people do not realize is that almost everything you buy or pay for, whether it is groceries, utilities and even rent can be made using your credit cards. Make things simple, consolidate all of your spending on one credit card and at the end of the month, pay if off using the cash you have already set aside, and reap its rewards at the same time. 




3.     Instead of depending on Debit or Cash, Make Larger Purchases with the Credit Card Instead


Whether you are looking to buy a new Smartphone or LED TV, these purchases can do wonders for you in the long run. They are excellent candidates if you ever do want to use your credit card to earn big rewards. At one time, these purchases can add hundreds if not thousands of dollars to your spending total, which in turn increase reward points.

On the other hand, there is another benefit to using your credit card for large purchases, which includes extended warranty services and protection from fraud as well. Who in their right mind would ever want to miss out on these value added services? 

That being said, you must understand that such purchases should only be made if you have the cash for it in the first place. This in a way is no different from planned spending, but you are doing it much more efficiently all the while being profitable. Do not be greedy, and do not even try justifying rationalizing major purchases that you cannot afford or don’t want in the first place. 

4.     The Card Should be Used to Clear Any and All Outstanding Debts


You can accrue cashback points more responsibly and conveniently by servicing any and all debts with your rewards card. Every individual will have some sort of non-credit card debt that needs to be taken care of, this includes:

  • Vehicle financing
  • Student loans
  • Renter’s insurance
  • Mortgages

All of these can be paid with using your credit card. This has to be treated the same way you would treat your day-to-day expenses. Since you have the cash available to pay for these expenses each month, it does not end up being neither efficient nor profitable. You can instead consider repaying them with your credit card and then paying it off at the end of the month using the cash you have set aside beforehand. Interestingly, with the rebates you earn, you can partially offset your debts, so why not take advantage of it? 

5.     Be Proactive and Offer to Pay for your Friends (Have them repay you in Cash Later)


Planning a vacation with your friends? Here is the perfect opportunity for you to use this scenario to your advantage. You can easily earn a cashback from your escapade. It is actually quite simple, as you can offer to pay for airfare and even lodging using your reward card. But do not forget to get reimbursed in cash once the trip is over. Jokes apart, there really is no harm in this approach and neither do your friends have to worry about incurring additional charges or expenses. But what this does for you is that it adds to your total and you get to reap its benefits when the next cashback rebate arrives.

The same concept applies to almost any other circumstance you can think of. It is not just limited to trips or vacations. If a family member or a friend you know of is planning to make a large purchase, offer to do it for them. But that too depends on whether they are as thorough as you about earning points.
Keeping the aforementioned factors in mind, you will come to realize there is a consistent thread running through these tips. Furthermore, they are not random pieces of suggestion either. In either of the cases, you are earning rewards through your own spending and that of others planning to do the same. Essentially, you do not end up changing your own spending habits and patterns dramatically which is exactly what this article is all about.

Now that you know everything there is to know about earning quick cashback rewards without increasing your overall debts and by spending very little, you will not be risking as much as others. If you are not sure about a particular card, try to understand what you are up against by going through its terms and conditions. There are plenty of different choices out there, all you need to do is play your part, be attentive and focused while making a decision.


Rest assured at first it may seem quite difficult to get used to, but eventually you will get the hang of it. The only way any of these tips will ever work for you is if you remain steadfast. Do not give in to your greed and do not fall for each and every marketing scheme that is thrown your way. You have to be rational at all times, which itself is difficult to say the least. By exercising caution and discipline while spending, you will realize all the opportunities you have missed out on numerous occasions. This will give you the motivation you need to be more rational and careful while using your credit card. 



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