You aren't wrong if you think life is more expensive. According to recent data, inflation has reached a 40-year high this year.
We are sharing tips and tricks on how you can earn extra rewards, cash back or discounts on your daily spending to help offset rising costs and ease the pinch of inflation.
It's not the first thing you think of when fighting rising costs. It is possible to use a credit card that gives a quality return on your spending. Let's look at our favorite credit cards to beat inflation.
Which credit cards do we use to save money? When I asked some of the staff members what they thought, here are their responses.
I look for opportunities to use my Chase Freedom Flex because it gives me 5% cash back and 5 points per dollar spent on rotating categories. There are two categories for the fourth quarter of 2022.
If you earn 5% cash back or 5 points per dollar, you must spend the first $1,500 in the bonus categories.
I use my U.S. Bank Cash+® Visa Signature® Card to pay for my internet and streaming services. This is a bonus that doesn't require any extra work or thought on my part, and I love that it's a 5% cash-back category.
The 5% cash back is limited to the first $2,000 you spend each quarter.
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On up to the first $25,000 per year, then 1 point per dollar, I am earning 4 points per dollar on restaurants and groceries with my American Express gold card. The earning rate is equivalent to an 8% return on my spending in these categories which is almost the same percentage rate as inflation.
The $10 monthly dining statement credit, which I choose to use with Wine.com, is a nice treat yourself bonus.
I am earning points for the first time with the Bilt World Elite Mastercard. I paid for a flight this year. I use it at restaurants to get 3 points for every dollar I spend.
Brian Kelly is an investor and adviser. The points guy collected the information for the Bilt card. The card issuer did not review or provide the card details on this page.
The American Express Gold Card gives an unbeatable return on grocery purchases: 4 points per dollar on the first $25,000 spent annually in the U.S. My grocery spending has increased due to the higher costs of eating out and I want the best return on my money.
The Platinum Card is helping. Amex offers help me save money throughout the year. I took a total of 26.25% off my $100 purchase with the Amex Offer and the Texas sales tax holiday.
Cash is often better than points and miles. For the last three years, I've been using my Discover it Cash Back credit card to get 5% restaurant cash back.
I'm going to maximize the 5% Amazon.com quarterly category now that we're into the last quarter of the year. I want the same rewarding categories that we've seen this year.
The points guy collected the information for the Discover it card. The card issuer did not review or provide the card details on this page.
My wife takes the bus to and from her job. 3 points per dollar spent on travel is enough to give us a 6% return on this necessary spending, according to the latest valuations. Bus passes would be eligible if we hadn't used the $300 travel credit on this card. We wouldn't get bonus points, but we would get a statement credit.
We get $10 per month in credit on this card, which we use to buy groceries. The new benefits on the card include free delivery and statement credits.
perks that help us save money are provided by the Platinum Card. The discount on gas at Exxon and Mobil is granted by the Walmart+ membership statement credit. We are using the digital entertainment credit to watch movies for free instead of going to the movie theater because of the free streaming services.
Credit cards can provide some great travel perks. It is important to offset the annual fee by getting the most out of your cards perks.
It's important that perks and benefits help you beat inflation by giving you a return on your spending, and it's even more important now.
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