Hold the upperhand by knowing the options that are available to you with our credit card hacks. Unless you work in the credit card industry, know a credit card guru or do your research you could find yourself holding the short end of the stick.

Our employees at Kredmo have a wide amount of experience in the credit card industry. We've decided to share our most useful credit card hacks from our own experiences.

Our top credit card hacks are related to saving on fees, earning more points, getting refunds from persistent retailers and more. 

Do also remember it’s still important for us to continue exercising good credit card practice. Such as don’t build up high credit card debt, pay more than the minimum payment each month if you can, and use the right credit card for you.

Waive bye to annual fees

There are three main possible ways to avoid annual fees.

No annual fee credit card: The first and most obvious way is to find a no annual fee credit card.

Annual fee waivers: The second way is having your annual fee waived. Credit card providers can offer promotions or set conditions for an annual fee waiver. Common waivers are those like $0 annual fee in the first year or if you spend is above a minimum set amount per year.

Call and ask: The third way that can sometimes work is calling to ask for the annual fee to be waived. Suitable reasons for a waiver are being a loyal customer or matching another waived annual fee offer in the market. 

 

Credit Card

  • Annual Fee
  • Purchase Rate (p.a.)
American Express Low Rate
American Express Low Rate
  • Annual Fee $0
  • Purchase Rate (p.a.) 8.99%
  • Purchase Protection
  • Refund Protection
  • Apple Pay, Samsung Pay, Google Pay
ME Bank Low Rate
ME Bank Low Rate
  • Annual Fee $0
  • Purchase Rate (p.a.) 11.99%
  • Apple Pay, Google Pay
ING Orange One Low Rate
ING Orange One Low Rate
  • Annual Fee $0
  • Purchase Rate (p.a.) 11.99%
  • Apple Pay, Google Pay

Teamwork wins games

Playing the game using teamwork by having additional card holders is a better winning strategy. 

Some credit cards will offer an additional card holder at no cost while others charge a fee.

Typically additional card holders must be at least 16 years of age. Households should at least have the big spenders like mum or dad or a partner set up as additional cardholders to really ramp up the group's point earnings.

Be aware that the account holder is ultimately be responsible for the additional card holder's spending. 

 

Auto pilot your repayments

This obvious credit card hack is included because many people still do not use auto repayments. Some prefer to see their credit card balance before they pay and that’s fine too as long as you don’t miss a beat. 

Having repayments on auto pilot means no longer having to worry or remind ourselves about missing a payment.

A late payment fee can cost the account holder up to $35. 

 

Pay the squad or group's booking on your credit card

Stepping up to pay the group bill and having them pay you back later should come with bonus points. Lucky that you can reward yourself by using your credit card to pay the group bill and earn extra points. 

Typically group bookings can be a restaurant, travel flights, hotels, bottle services for those clubbers and more. 

Just make sure it's a bill with friends or family and that you trust that they'll pay you back asap. 

 

Double up your reward programs

Combine retailer reward programs: Many retailers these days have their own loyalty reward programs. Retailers like petrol stations, Booking.com, supermarkets like Coles Flybuys and more. Use a rewards credit card with the retailer's loyalty program to double up your points. 

Have different types of credit cards: Having multiple credit cards to use for different purposes is another hack. It could be one for groceries or everyday purchases, another for frequent flyer points and a no annual fee credit card as a back-up.

This way you maximise the benefits of each credit card based on its features' strengths. 

 

Credit Card

  • Bonus Points Offer
  • Points Per $1 Spend
  • Annual Fee
American Express Platinum
American Express Platinum
  • Bonus Points Offer 200,000 Rewards Points
  • Points Per $1 Spend 2.25
  • Annual Fee $1,450
  • Domestic & International Travel Insurance
  • Purchase Protection
  • $450 travel credit per year
  • Refund Protection
  • Cashback
    Frequent Flyer Points
    International Airline Program for savings of up to 20% on First and Business Class fares with leading airlines like Qantas Airways, Virgin Australia, Emirates and more.
    American Express Global Lounge Collection access for you and a guest to over 1,200 airport lounges including Priority Pass and more
    Concierge Service
    Smartphone Screen Insurance
    Fine Hotels & Resorts Program, Accor Plus membership, Hotel Elite Status Program & International Airline Program
    Apple Pay, Samsung Pay, Google Pay
    American Express Invites, Digital access to the Australian Financial Review, Centr by Chris Hemsworth program for 12 months
Citi Prestige
Citi Prestige
  • Bonus Points Offer 200,000 Reward Points
  • Points Per $1 Spend 2
  • Annual Fee $700
  • International Travel Insurance
  • Purchase Protection
  • Frequent Flyer Points
    1 complimentary luxury airport transfer per year for up to $100
    Unlimited airport lounge access for you & a guest to over 1,200 lounges worldwide plus membership with Priority Pass
    Concierge Service
    Free Wine Every Time You Dine With The Citibank Dining Program
    Complimentary 4th night hotel stay when you book 4 consecutive nights at a wide range of hotels
    Apple Pay
    Priceless Cities, Citi World Privileges & World Elite Mastercard
St.George Amplify Signature
St.George Amplify Signature
  • Bonus Points Offer 200,000 Amplify Points
  • Points Per $1 Spend 1.5
  • Annual Fee $279
  • International Travel Insurance
  • Purchase Protection
  • Frequent Flyer Points
    2 Priority Pass airport lounge visits each year
    Visa Luxury Hotel Collection
    Apple Pay

Use a chargeback on a refund dispute

In the event a retailer should refuse a valid refund request, your credit card provider can back you up. 

A provider initiate a chargeback whereby they debit back the amount from the retailer's bank accout. 

Here are some valid examples for requesting a chargeback:

Didn't authorize the transaction: When a transaction is made without your approval, it's considered an unauthorized transaction. This is typically happens in the form of fraud. 

Charged multiple times: If you purchased one item but was charged double, and the seller ignores your request or refuses to refund you.

Didn’t get what you paid for: Receiving a totally different item to one you ordered, a fake or damage version.

A no show: Paying for an item or service, but it was not delivered or nor did it arrive. 

Canceled subscription was still charged: After cancelling a subscription you were still charged. Typically a company would correct this charge if you call them. In case they don’t, you can request a chargeback via your bank. 

 

Feel like your're in credit card struggle town?

Piling up credit card debt: If feeling overwhelmed and struggling to vanish your credit card debt, then call your bank for assistance. A bank can explore ways to relieve some of the pressuer by offering lower rate products, waiving fees, freezing interest and more. 

Can't meet or missing repayments: If you can't meet your monthly repayments then proactively communicate this to your bank. Do not ignore the bank's calls or sideline the situation. Instead speak with you bank and explain your financial situation and request for assistance. 

Ignoring a bank's calls when missing consecutive repayments eventually lands the account in collections. Longer periods of no communication or repayments will likely end up with a debt collector, which is a stage to strongly avoid. 

 

Check out other similar articles:

5 Cool Credit Card Benefits You Likely Don't Know Exist

Do These When Taking Your Credit Card on Holiday

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