How to Get the Most Out of Your Credit Card Rewards in 2021

You don’t need to be a points savant to get the most out of your credit card. Being strategic about the credit cards you apply for and how you use them can help you earn the best Canadian credit card rewards this year.
5 ways to get the most out of your credit card rewards
Here are five ways to get the most out of your credit card rewards:
1. Pick the right card for you
Taking a close look at your spending habits can help you pick the best rewards card. See what category you spend the most money in and select a card that has attractive rewards in that category. For example, do you travel often for work? Picking a travel rewards card with extra points or perks for flights or hotels can help you earn the most points for your lifestyle.
2. Be strategic about when you apply
Since you only have a certain amount of time to register for sign-up bonuses, you’ll want to make sure you apply at the right time. If you know you have a couple of big purchases coming up that will make it easy to qualify for the bonus (i.e., spending $1,000 in your first three months), applying for a card prior to your spending might be a good choice. 
3. Use your card for everyday purchases
Using your card for everyday purchases, such as groceries, can help you earn rewards without spending extra money on items you don’t actually need. Remember: purchasing just to earn points is never a good idea. Although perks and rewards are great, they’re not going to make up for any accumulated debt.
4. Redeem rewards strategically
Different redemption methods assign different values to points. For example, some travel cards offer better deals on certain airlines. Make sure to take time to compare your different options so you can get the most out of your rewards.
5. Pay your balance in full
You should always try and pay your balance in full each month. Failure to do so could cause you to accrue interest charges that would cancel out any rewards earned.
A few credit card don’ts
Here are a few things to keep in mind when using credit cards for points:
Source: iQuanti, Inc.