Maximize Your Credit Card Benefits: August Checklist

Navigating the array of credit card perks can be daunting, especially when juggling multiple cards. To simplify the process, we’ve created a comprehensive checklist of credit card benefits you should take advantage of this August. This guide will help ensure you don’t miss out on valuable perks and that you use them before they expire.

Monthly Perks to Utilize

Many credit card companies, particularly American Express (Amex), offer monthly statement credits that can significantly enhance your card’s value. Remember, these are often “use it or lose it” benefits, meaning any unused credits will expire at the end of the month.

1. Uber Cash
If your card includes Uber Cash, be aware that any unused balance will disappear by month’s end. Make sure to utilize this credit for rides or Uber Eats deliveries to maximize your card’s value.

2. Amex Platinum Card Benefits
The Amex Platinum Card offers two spending credits at Saks Fifth Avenue each calendar year. From January 1 to June 30, you can receive up to $50 in statement credits, and an additional $50 from July 1 to December 31. Enrollment is required, so make sure you’re signed up to take advantage of these credits.

Additionally, you can earn up to $300 in Equinox statement credits per calendar year. This applies to Equinox+ subscriptions or club memberships (subject to auto-renewal). Enrollment is also required for this benefit.

3. Business Platinum Card Perks
For those with the Business Platinum Card, you can earn up to $1,150 in statement credits each year for U.S. Dell purchases. This includes $150 for direct purchases at Dell and an additional $1,000 after spending $5,000 during the latter half of the year.

Other Noteworthy Card Benefits

In addition to monthly credits, several other cards offer unique benefits worth exploring:

4. Chase Credit Cards
Chase credit cards often provide monthly benefits. For instance, the Chase Sapphire Reserve card includes a $50 hotel credit each year when booking through Chase Travel. If you haven’t used yours yet, now’s the time!

5. Citi Cards
Citi’s AAdvantage Executive World Elite Mastercard offers several monthly credits that can enhance your travel experience. Be sure to check your card’s specific benefits and deadlines to ensure you’re making the most of them.

Tips for Maximizing Your Credit Card Benefits

– Stay Organized: Keep a record of your card benefits and their expiration dates. This can be a simple spreadsheet or a note on your phone.
– Set Reminders: Use calendar alerts to remind you of upcoming deadlines for using your credits.
– Review Your Statements: Regularly check your credit card statements to track your benefits and ensure you’re not missing out on any offers.
– Enroll in Required Programs: Many benefits require enrollment. Make sure you complete this step to unlock the full potential of your card.

Conclusion

Taking full advantage of your credit card benefits can significantly offset annual fees and enhance your overall experience. By following this August checklist, you can ensure you’re utilizing the perks available to you, making your credit card work harder for you.

For more detailed reviews of specific cards and their benefits, consider checking out resources like The Points Guy, which offers insights into maximizing your credit card value and making informed decisions about your financial tools.

Remember, the key to leveraging credit card benefits lies in staying informed and proactive. Happy spending!