Investing in premium goods and exclusive experiences goes beyond simply acquiring high-end items and joining unique activities. It’s often seen as a reflection of one’s taste, priorities, and financial capabilities. Approaching these purchases with care and proper planning turns the said goods and events into symbols of your financial prowess. Your credit card is one of the best tools to help you navigate these transactions.
Let’s say you’ve completed the quickest and easiest credit card application in the Philippines on your Maya app and qualified for a Landers Cashback Everywhere Credit Card. It’s possible to maximize this type of financial tool and all the perks it comes with so that you can purchase premium items and join exclusive events. And even then, using credit to pay for these goods and experiences can bring you further economic benefits. Here are practical tips on how to successfully pull this off.
Familiarize Yourself with Your Credit Card’s Rewards and Cashback Programs
To take advantage of all the perks that come with owning a credit card, you must familiarize yourself with its rewards program first. The Landers Cashback Everywhere Credit Card, for one, offers users as high as 5% cashback for Landers purchases upon exceeding PHP 50,000 in accumulated credit card spending. Before that, if you’ve spent a total of PHP 20,000 while shopping for premium grocery items and supplies at Landers, you’re entitled to 4% cashback. As a Landers Cashback Everywhere Credit Card holder, though, you’re automatically entitled to 3% cashback every time you use the credit card to pay for Landers Superstore purchases—no minimum spend required. Meanwhile, using the card to pay for dining and other qualified purchases outside of Landers gives you 2% and 1% cashback, respectively.*
By familiarizing yourself with this information, you can make smarter financial decisions, such as choosing to do your grocery shopping at Landers to maximize your cashback potential. This way, you can enjoy a nice bonus and better rewards for something you were planning to buy or pay for anyway.
Leverage Welcome Bonuses and Signup Offers
Some goods and services often involve significant upfront costs. This means that if you use your credit card to pay for these premium purchases, you’ll have an easier time hitting the spending thresholds required for large welcome bonuses.
Let’s say you’re planning to purchase top-quality household goods and premium food provisions for the next month. This would be a good time to bring out your Landers Cashback Everywhere Credit Card and use it to pay for your grocery shopping at any Landers Superstore. By charging this big-ticket purchase on your credit card, you can get closer to exceeding the PHP 20,000 or PHP 50,000 spending threshold and enjoy their corresponding higher cashbacks.
Stack Your Cashback Savings with Discounts from Your Lifestyle Expenses
It’s not out of the ordinary for premium lifestyle brands and dining establishments to offer promotions and discounts. These promos present you with the best time to use your Landers Cashback Everywhere Credit Card and also earn 1% to 2% cashback for your splurge.
Swiping your card so you can buy a luxury bag or a pair of high-end shoes allows you to benefit from the store’s promo discount while also earning a hefty 1% cashback in the process. You can stack the same benefits when you use the credit card to settle your bill at your favorite restaurant. Doing so enables you to satisfy your cravings at a reduced price as well as gain 2% cashback from your splurge, which you can redeem the next time you shop at Landers.
Applying strategies like this means you get to enjoy bigger savings while still indulging in the good things in life.
Don’t Forget to Redeem Your Cashback Points or Vouchers
Certain credit card issuers have partnerships with premium lifestyle brands where your cashback points might be worth more when redeemed for goods or services. The Landers Cashback Everywhere Credit Card is the result of one such partnership between Maya and Landers Superstore, for example. This means the cashback vouchers you’ll accumulate by using the credit card can be redeemed at all Landers Superstore branches nationwide.
Make sure not to waste your rewards by making it a point to use the vouchers to pay for your deluxe goods and groceries when you go shopping at Landers. Then, you can allocate the resulting savings to your funds for your next luxury spending or to add to your budget for the exclusive experiences you desire.
Check the Seller or Your Credit Card Issuer for Exclusive Offers
Premium purchases often come with exclusivity, and some credit cards like the Landers Cashback Everywhere Credit Card reflect this with exclusive deals, offers, or perks. Maya’s partnership with Landers Superstore allows credit card users to benefit from hefty, members-only discounts when they shop at the store and access anniversary and surprise sales. Make it a point, then, to check the Maya app regularly to see the perks that can enhance your shopping experience and even save you money in the process.
Build Credit and Improve Your Credit Score to Enjoy Better Loans and Credit Terms
Making large, responsible purchases with your credit card can positively impact your credit score and make it much easier for you to maximize future financial opportunities. When you use your Landers Cashback Everywhere Credit Card to buy premium or luxury goods and pay off the balance in full and on time, you’re showing lenders that you can manage credit responsibly. Over time, this good habit can help boost your credit score, allowing you access to better credit card offers, loans with more favorable terms, and even higher credit limits.
Using your credit card for such lifestyle purchases isn’t just about the immediate benefits—it can have long-term positive effects on your financial health as well.
Monitor Your Spending and Set Hard Limits
While the rewards and perks of using a credit card for premium purchases are tempting, it’s crucial to monitor your spending and set personal limits so that you can stay within your planned spending allocation. It’s easy to get carried away when shopping for high-end items, but financial discipline is key to continue enjoying this activity.
Always make sure that you can afford the purchase and that you are capable of paying off the balance in full before any interest is applied. When using the Landers Cashback Everywhere Credit Card, check the Maya app to see how much you’ve spent and your remaining credit balance. This way, you can plan your spending better and reduce your chances of going beyond your credit limit. By setting a clear budget and sticking to it, you can enjoy the luxury goods you want without jeopardizing your financial well-being.
More than just the status that they bring, premium goods and experiences can be tangible representations of the lifestyle that you’ve worked hard for. And when you use your credit card responsibly for such purchases, the rewards go beyond just the items themselves. You gain financial perks and potentially even better financial management skills. Nothing feels better than being able to own premium goods that are fully paid for and maximizing the benefits available to you in the process. With careful planning and discipline, you can make such purchases both enjoyable and financially rewarding.
*Transactions that don’t qualify include: cash in, cash advance, quasi cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.
