HomeFinanceNerdWallet's Best Credit Card Tips for February 2022

NerdWallet’s Best Credit Card Tips for February 2022

The shortest month of the 12 months packs loads of eventful alternatives to spend, like Valentine’s Day, Super Bowl Sunday and Presidents Day.

Whether you’re passionate a few soccer workforce, going huge for a particular somebody or hyped for a three-day weekend, the bank cards in your pockets might provide rewards on deliberate purchases. They may also assist decrease the price of some payments or get you organized for tax time.

Here’s easy methods to profit from your bank cards this month.

Earn rewards on this month’s festivities

If you’re collaborating in any of this month’s occasions, plan out which of your bank cards will earn essentially the most rewards in sure classes.

Valentine’s Day

Capital One Savor Cash Rewards Credit Card
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Whether you’re spending Valentine’s Day with associates, household, a particular somebody or your fabulous self, the fitting bank card can defray a portion of the price of that particular dinner, treats, playing cards or flowers picked up on the grocery retailer. A bank card just like the Capital One Savor Cash Rewards Credit Card, NerdWallet’s winner for greatest card for leisure in 2022, earns outsized rewards on these purchases. It has a $95 annual charge, but it surely provides 4% money again on eating (together with takeout and supply), eligible streaming companies and leisure; 3% money again at grocery shops; and 1% money again on all different purchases.

Nerdy tip: Buying a particular reward for Valentine’s Day? Many main bank card issuers provide focused rebates or extra rewards for buying with choose retailers. American Express, for occasion, has AmEx Offers which let you enroll AmEx playing cards in focused provides to earn bonus factors or an announcement credit score for eligible purchases. Try buying by a bank card bonus mall to earn much more rewards.

The Super Bowl

Citi Custom Cash℠ Card
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If your Super Bowl plans contain dusting off the barbecue or organising snack and drink tables, a bank card that earns elevated rewards on grocery retailer or restaurant purchases will offset a number of the price. For instance, the $0-annual-fee Citi Custom Cash℠ Card provides 5% again in your highest-spending eligible class every billing cycle from an inventory of 10 choices that embrace grocery shops and eating places. It earns 1% again on the whole lot else. If this card was used for the only real function of shopping for groceries, you’d rating $25 per 30 days (or $300 yearly) simply by maxing out the spending restrict.

Presidents Day

U.S. Bank Altitude® Connect Visa Signature® Card
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During an out-of-town journey for the lengthy weekend, you’ll be able to guzzle extra worth with a bank card that earns excessive rewards on fuel. A card just like the $95-annual-fee U.S. Bank Altitude® Connect Visa Signature® Card is superb for street journeys because it rewards meals, fuel and lodging bought for the getaway. It earns 5 factors per greenback spent on pay as you go motels and automotive leases booked immediately within the Altitude Rewards Center; 4 factors per greenback on journey, fuel stations and EV charging stations; 2 factors per greenback at grocery shops, grocery supply, streaming companies and eating; and 1 level per greenback on different purchases.

Lower the price of some payments

If you’re engaged on new 12 months resolutions like saving cash or getting out of debt, a bank card is usually a great tool when used correctly.

Credit card debt

Wells Fargo Reflect Card
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You’ll get a 0% intro APR for 18 months from account opening on purchases and qualifying steadiness transfers, after which an ongoing APR of 12.99%-24.99% Variable APR. Intro APR extension of as much as 3 months with on-time minimal funds in the course of the intro and extension intervals. There’s a 3% charge charged on the quantity transferred, but it surely’s price the fee if it means getting forward on debt by saving cash on curiosity funds over time.

Cell telephone safety plans

Wells Fargo Active Cash Card
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Also look to your bank cards to unpack advantages which will get monetary savings. Some playing cards just like the $0-annual-fee Wells Fargo Active Cash℠ Card, for occasion, provide cellular phone safety insurance coverage (as much as $600, for as much as two claims per 12 month interval) for a broken or stolen system whenever you use the cardboard to pay the month-to-month invoice. It can probably liberate some cash within the funds — particularly in the event you’re at the moment paying a supplier for protection on a number of strains. Read the phrases fastidiously to grasp the kind of protection provided and doable limitations.

Start your tax prep

Credit playing cards may also provide help to get organized for tax time. For itemized deductions, your bank cards might present a year-end abstract on spending that helps slender down medical bills and charitable contributions, for instance.

Those similar bank cards may additionally provide focused reductions on tax preparation companies or software program, and rewards whenever you pay for them. If you might have a bank card with a serious issuer, log in to your account to see if any of those sorts of provides are on the desk.

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