Over the last several years there has been an influx of credit cards on the market that provide points or cashback on all of a household's spend. These cards can give a multiple of cashback, points, or airline miles for spending on groceries, dining, gas/fuel charges; i.e. you may get 4 points per dollar for spending on dining, or 3 points for every dollar you spend on travel. These points can then be exchanged for statement credits, free hotel rooms, free or discounted airfare, gift cards, and even once in a lifetime experiences. However, what if you aren't spending as much dining out, traveling, or shopping? Here are a few ways to still earn points while sitting at home:
- Determine if your utilities or other bills can be paid with a credit card. Many cell phone, cable and internet providers, car insurance companies will allow you to pay with your credit card. You can pay each month or even set this up on automatic payment while using the credit card that gets you the best points for that type of bill.
- Determine if it makes sense to pay your mortgage or rent online. If your lender or landlord does not allow for credit card payments, there are companies that charge a fee for this type of service, such as Plasiq, Venmo, Rentmoola, etc.
- If you have students in college, private school, or day/aftercare find out if you can pay those costs using your credit card. Some schools and institutions allow you to pay tuition and care costs for a fee, these can sometimes help you garner thousands of points for an expense you already needed to pay for.
- You can pay your taxes using your credit card. The IRS and your state may allow you to pay both your business and personal taxes on your credit card. Check out https://www.irs.gov/payments for various options.