2. Do the basic groundwork: If you spend more on your utility bills try to go for cards that provide huge cash back benefits, other than choosing a card with high reward points. Would you like to go to your home town for free? Then go for the co-branded card that will provide you with free air tickets. Also, if you are unaware of the reward point’s policy and unable to the terms and conditions then better ask your bank a copy of rules.

 3. Redeeming reward points: Reward points can offer you with many benefits. But before redeeming the reward points, try to research on the reward point’s catalogue that is available on your bank’s site. By going through such catalogues you can easily get some amazing gifts and vouchers.

 4. Making payments on time:  This is a very simple strategy but important too. The credit card companies have nothing to do with the number of cards you owe; they only look out for the payments. It is better to spend off the credit card balance and keep the sufficient balance in your personal bank accounts.  Keeping balance in your bank accounts will help you to make the credit card dues on time. Thus you can build a good credit score and avoid high interest rates and late payments.

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