Plastic Tactics—23 Tips for Smart Credit Card Use
In today's economic climate, every dollar counts. Used thoughtfully, credit cards can help you stretch a budget—earning valuable rewards and providing built-in protections along the way.
Responsible use is more than avoiding interest—it's about matching the right card to your habits, timing purchases and using the perks you already have. With a smart strategy, you can capture cash back or points, add travel conveniences and keep your finances organized.
Consider these techniques to transform your credit card from a potential pitfall into a budgeting boon:
Earn rewards points. Choose a card that offers rewards for every dollar you spend.
Tailor rewards to your spending habits. Rewards range from travel points to cash back to discounts on adventure experiences and more.
Take advantage of sign-up bonuses. Compare card offers to maximize your benefits.
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Amplify your purchasing power with double and triple rewards points. Take advantage of promotional periods to earn more on every dollar you spend. Timing your larger purchases to align with these offers can significantly boost your rewards. Keep in mind: not all card issuers offer the same benefits. Some limit extra points to specific categories or merchants. If you have a Mountain America Rewards credit card, you're in luck—during promotional periods, you'll earn double and triple points on every purchase, no restrictions.*
Turn everyday purchases into real cash back. While some cards limit rewards to select categories, the Mountain America Cash Back credit card gives you cash back on every swipe, no exceptions.* Whether you're buying groceries, filling up your tank, or shopping online, every transaction puts money back in your pocket. It’s a simple, consistent way to make your spending work for you—without having to track rotating categories or special offers.
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Time major purchases for maximum gain. Planning ahead can help you save twice—once through rewards and again by avoiding interest. Save up for big-ticket items, charge them on your credit card when you’re ready, then pay in full to avoid any interest and keep your financial momentum strong.
Pay with credit cards instead of cash when traveling. It’s safer, and most major credit cards are accepted anywhere in the United States and overseas. Plus, many offer added protection that can come in handy while you're away from home.
Use your credit card statement as a spending diary—many statements even categorize expenses, making it easier to track where your money goes. They are helpful whether you’re planning for upcoming expenses or looking to save, turning a no-plan finance strategy into a clear budget roadmap.
Planning a vacation? Your card might have your back. Many credit cards include free trip delay insurance, covering up to $600 per person for hotel stays, meals, clothing and toiletries if your travel is delayed overnight or for more than 12 hours. If you find yourself needing to cancel or end your trip prematurely, your credit card could come to the rescue if it provides trip cancellation or interruption insurance, which could reimburse some or all of your expenses.
Lost or stolen travel tickets? Don't panic. Your credit card could be just the hero you’re looking for! Many credit cards offer assistance with emergency ticket replacement, arranging for the delivery of new tickets and the navigation of the replacement process.
Book stress-free. Holding a reservation at a hotel or car rental with a debit card can freeze funds for days. A credit card, on the other hand, places a temporary hold without affecting your actual cash—giving you more flexibility and peace of mind.
If you don’t carry your own auto insurance (maybe you don’t own a car), check whether your credit card offers rental car coverage. If coverage is included, you can decline the rental agency’s costly insurance add-on and book with confidence.
Lost or stolen luggage? Your credit card could swoop in and save the day! Get reimbursed for lost items or emergency essentials if your card offers baggage insurance. Or maybe it gives you access to a lost luggage locator service, which can help you through the claim procedures.
Medical emergency while traveling? Your credit card could provide a welcome lifeline. Many credit cards include emergency transportation and medical referral assistance, or yours may even offer travel accident insurance.
Some credit cards shield recent buys with purchase protection, often reimbursing up to $500 on claims of damage or theft within 120 days.
Your purchases may be eligible for extended warranty protection. Many card issuers offer additional product warranties on certain purchases.
By using a credit card to pay for services such as landscaping or car repairs, you can dispute charges if you're dissatisfied with the work. This places the responsibility of proof on the service provider. While it's also possible to file a dispute with a debit card, the process may take longer to recover your funds.
Credit cards offer financial flexibility. Buy big now and align payment with your next paycheck.
Spot a better deal post-purchase? Some credit cards offer price protection allowing you to claim the difference if an item you purchased drops in price shortly after.
Unlike debit cards, responsible credit card use contributes to your credit history. Paying on time and keeping balances low can help improve yor score over time.
Avoid interest charges and increasing debt by spending within your means and paying off your balance every month.
Get the best of both worlds! Enjoy the perks without the pitfalls by using your credit card for everyday purchases. Pay the balance in full every month to earn rewards and avoid adding to your debt with interest charges.
Keep funds available for emergencies. Owning a credit card can be a financial safety net, providing quick access to funds if you don’t have enough money in your checking account to cover an unexpected expense.
Keep in mind that not all credit cards offer the same perks. Be sure to thoroughly review your cards’ terms and benefits to understand what's available to you.
*Loans on approved credit. Membership required—based on eligibility. Terms, conditions and exclusions apply.
