How do you make the most of your hotel credit card?

To maximize your credit card rewards, start by comparing credit card offers to make sure you have the most rewarding cards for your spending habits. Then, use whichever card has the highest rewards rate for the purchase category whenever you buy something, and pay the cards’ bills in full monthly to avoid interest. Finally, redeem your rewards regularly in order to maximize your enjoyment.... read full answer

That’s how to go about it at a high level. Of course, there’s a bit more involved in maximizing your credit card rewards, and you can see the details in the step-by-step list below.

How to Maximize Your Credit Card Rewards

1. Get a card with rewards that match your spending habits.

   It’s important to find a card that fits your lifestyle. For example, there’s no point in investing in an airline credit card with a hefty annual fee if you fly only once a year. Rather, if you’re a frequent traveler, dine out regularly, or spend a lot on groceries, for instance, find a rewards card that will pay you extra for those purchases. Or, if you want something less complicated, get a card that pays a flat cash back rate on all of your purchases.

   Below, you can see some of the top rewards card options available right now.

   • Overall: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
   • Rates & FeesNo Annual Fee: Wells Fargo Active Cash® CardWells Fargo Active Cash® CardLearn MoreLearn Moreon issuer's website
   • Travel: Capital One Venture X Rewards Credit CardCapital One Venture X Rewards Credit CardLearn MoreLearn More
   • Rates & FeesTerms ApplyBonus Cash Back: Blue Cash Preferred® Card from American ExpressBlue Cash Preferred® Card from American ExpressLearn MoreLearn Moreon issuer's website
   • Fair Credit: Upgrade Cash Rewards Visa®Upgrade Cash Rewards Visa®Learn MoreLearn Moreon issuer's website
   • Bad Credit: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More

2. Use multiple cards to get the best rewards.

   This is known as the Island Approach. For example, if you have a card that earns 5 points per $1 spent on gas, you could use that card primarily for gas purchases and put your groceries on a card that offers a high rewards rate at supermarkets.

   On the other hand, if you have a card with a big spending requirement for an initial bonus, you might want to focus your purchases on that card until you qualify for the bonus.

3. Pay your balance in full.

   When you keep a balance on a rewards card, interest charges may cancel out any rewards you earn. If you’re after financing options, check out WalletHub’s editors’ picks for the best low interest credit cards.

   Avoid any late or missed payments, too. Not only will a late fee further eat into your savings from rewards, but you could end up forfeiting any rewards you’ve earned altogether.

4. Know each card’s rewards terms.

   In addition to understanding when exactly you will earn rewards and how quickly those rewards will be credited to your account, it’s important to make sure any spending requirements for sign-up bonuses are attainable. Also, familiarize yourself with the card’s ongoing rewards and redemption rates. Rewards come in three main currencies: cash back, points, and miles. Cash back is straightforward, but points and miles can be redeemed for many things, including cash, gift cards, merchandise, charity donations and more. Rewards points and miles often have different values when redeemed for different things, too.

5. Redeem often.

   Try redeeming miles or points periodically rather than stockpiling them. Rewards generally don’t expire as long as your account is in good standing, but in some cases, you could lose earnings if there’s no activity on your account. And if you close your account, you will lose all of your unredeemed rewards. Plus, if you have points or miles, the issuer can devalue them at any time.

6. Redeem for the most valuable option.

   Rewards cards, particularly points and miles cards, often have multiple redemption options. For example, you might be able to redeem your rewards for cash back, travel, gift cards or merchandise. Some cards may offer different redemption values for different options – for instance, a point may be worth 1 cent toward travel and 0.5 cents toward cash back. Therefore, to maximize credit card rewards, you should redeem for the most valuable option.

7. Take advantage of initial bonuses.

   Some credit cards offer bonus rewards for spending a certain amount within the first few months. If you get a card with this type of bonus, you should make sure to spend enough to qualify, provided that it doesn’t make you overspend by more than the value of the bonus. The best time to get a card with a big initial bonus is right before you’re about to make a big purchase, so you can earn the bonus quickly and offset some of the cost of the big purchase with your rewards.

You can learn even more about credit card rewards and how they work on WalletHub. You can also compare the best rewards credit cards to find one that’s a good option for you.

Yes, hotel credit cards are useful because they can get you significant discounts on hotel stays, free nights, and perks typically reserved for members who’ve earned elite status through the hotel’s loyalty program. Hotel credit cards are most useful to frequent travelers who favor a specific hotel chain. Occasional guests may be able to take advantage of hotel card features such as generous initial bonuses, automatic elite status and no annual fee, though.... read full answer

How Hotel Credit Cards are Useful

Reward points provide opportunities for significant savings on your next hotel stay.

Routinely using your hotel credit card for purchases will earn you points to redeem for free nights or room upgrades, for example.

You can save hundreds with initial bonuses and other high-end perks.

The best hotel credit cards can get you a lucrative initial bonus for spending a certain amount during the promotional period. Top-notch hotel cards also unlock a treasure-trove of VIP perks such as free Wi-Fi, complimentary breakfast, valuable statement credits, and more.

Hotel credit cards offer an array of benefits to fit nearly any budget.

High-end hotel credit cards are geared toward frequent hotel guests who are willing to pay a hefty annual fee to reap all of the card’s extravagant benefits and lucrative bonuses. That said, light travelers on a budget can go with a hotel credit card with no annual fee and still get tremendous value.

Hotel credit cards can get you quicker access to loyalty program benefits.

Guests enrolled in a hotel’s loyalty program are likely to climb the program’s status tiers faster with an affiliated hotel rewards card. Elite status upgrades can get cardholders perks such as free nights, room upgrades, late checkout, and more.

To get the most out of your hotel credit card rewards, you should redeem them often. Not only does this reduce the chance that your points will diminish in value, but it also allows you to save money on your hotel stays more often, which is the whole point of earning rewards points in the first place.

If you’re having trouble finding the right hotel credit card for your specific needs, check out our editor’s picks for the best hotel credit cards to help narrow your search.