Earning credit card rewards is all about smart spending, and RewardSmart is here to help you level up your game! One often-overlooked strategy is the power of discounted gift cards. While headline promotions offering discounts on gift cards are exciting, the real magic happens when you combine those savings with the right credit card.

Double the Savings: The Gift Card + Credit Card Combo

Imagine this: You want to treat yourself to a nice meal at Red Robin. Instead of paying directly with your credit card, you purchase a Red Robin gift card at a discount. Let's say you snag a $50 gift card for $40 – that's an instant 20% savings! Then, you use your credit card that earns bonus rewards on online purchases to buy that discounted gift card. Now you're earning rewards on the $40 you spent, and you're going to spend $50 at Red Robin.

This strategy works for numerous retailers, including restaurants, pet supply stores, entertainment venues, and even hotel chains. The key is to be proactive and plan your purchases.

Choosing the Right Credit Card

Selecting the right credit card is crucial for maximizing your rewards. Consider these factors:

  • Bonus Categories: Does your credit card offer bonus rewards for online purchases, grocery stores (where gift cards are often sold), or specific retailers? If you frequently purchase gift cards from a particular merchant, a store-branded credit card might be worthwhile.
  • Welcome Bonuses: Many credit cards offer lucrative welcome bonuses after meeting a spending requirement. Consider applying for a new card before making a large gift card purchase to earn a significant bonus.
  • Redemption Options: How do you prefer to redeem your rewards? Cash back, travel, or merchandise? Choose a card that aligns with your redemption preferences.

For example, if you frequently shop at PetSmart, using a credit card that earns bonus rewards at pet stores could be a smart move when purchasing PetSmart gift cards.

Finding the Best Gift Card Deals

Keep an eye out for promotions from various sources, including:

  • Amazon: Amazon often offers discounts on gift cards for a wide range of retailers.
  • Grocery Stores: Many grocery stores offer fuel points or other rewards for purchasing gift cards.
  • Credit Card Portals: Some credit card issuers offer discounts on gift cards through their online shopping portals.
  • RewardSmart App: We'll do our best to keep you updated on the latest gift card deals.

Remember to compare prices across different retailers to ensure you're getting the best possible deal.

Important Considerations

  • Gift Card Expiration Dates: Check the expiration date before purchasing a gift card.
  • Terms and Conditions: Be aware of any restrictions on gift card usage.
  • Budgeting: Don't overspend just to earn rewards. Stick to your budget and only purchase gift cards for items you would normally buy.

Takeaway

Combining discounted gift cards with strategic credit card usage is a powerful way to maximize your savings and rewards. By planning your purchases and choosing the right credit card, you can essentially "double-dip" on savings and earn valuable rewards points on everyday spending. Start exploring gift card deals today and watch your rewards balance grow!