Today’s credit cards are more than just a convenient way to pay. The right ones can also be a powerful tool for saving money on every purchase. This is especially the case when you use a cashback credit card that gives you cash rebates on your day-to-day purchases.
For smart Filipino shoppers, the Maya Landers Cashback Everywhere Credit Card has emerged as the best way to do just that, offering up to 5% cashback at Landers, 2% on dining spends, and 1% on all other qualified transactions.* With a wide range of qualified purchase categories and a generous annual cashback cap of PHP 200,000, the Landers Cashback Everywhere Credit Card is one of the most competitive cashback credit cards available for discerning Filipinos.
However, maximizing these benefits means taking on more responsibility. Not only do you have to keep track of qualified purchases, you also have to keep up with your card payments each cycle. While the finance charges may not seem that high, they can quickly deplete your potential rewards. It’s best to avoid them if you’re planning to get the most out of your credit card rewards and cashback.
If you struggle with balancing your spending, we have some good news. With the right approach, you can enjoy cashback perks while still staying on top of your financial obligations. Check out these practical insights before you start charging purchases to your Maya Landers Cashback Everywhere Credit Card.
1. Prioritize the Essentials
Groceries are an expense that would fit into your budget regardless of where you are in your financial journey. The Landers Cashback Everywhere Credit Card is especially suited for everyday shopping, as it also doubles as a membership card for the exclusive Landers shopping club. Landers is already known for offering great deals on essentials and using the Landers Cashback Everywhere Credit Card will deepen your savings with its guaranteed cashback.
When you shop at Landers, you’ll start with a base cashback rate of 3% if your total credit card spending is below PHP 20,000. This rate goes up to 4% when you spend at least PHP 20,000, and then it increases further to 5% when you accumulate a total qualified credit card spending of at least PHP 50,000 during the month. Best of all, you can earn the 4% and 5% increase anywhere you pay using your credit card, not just Landers. Collect enough points to get credit card discounts that you can use the next time you shop at Landers.
2. Pay Your Balance in Full Every Billing Cycle
If you’re used to carrying a balance from month to month, you’ll want to quit this damaging habit. Carried-over balances will result in finance charges that burn through your cashback savings, offsetting your potential rewards. Paying your full statement balance every month lets you sidestep these fees and ensures that your cashback remains useful.
If you’re serious about maxing out your cashback, it’s time to start living within your means. If you can’t afford to pay for something in full, it’s probably for the best if you don’t charge it to your card until you can.
3. Take Advantage of Cashback Tiers to Plan Big Purchases
In the first tip, we explained that the Landers Cashback Everywhere Credit Card has a unique system where you can increase your cashback by reaching certain spending milestones. If you strategically plan your expenses, you can hit these cashback tiers and further maximize the rewards you receive.
Because the Landers Cashback Everywhere Credit Card offers 2% and 1% cashback on dining and other qualified purchases outside of Landers, respectively, this opens up more possibilities for savings. For example, you can time big-ticket purchases of home essentials or appliances within a billing cycle where you can unlock the higher cashback percentage. Then you can enjoy this higher rate when you go to Landers to purchase essentials. Just be sure you have enough funds to pay off the balance in full to avoid interest charges.
4. Set Payment Reminders to Avoid Late Fees
Life can get busy and it’s normal to forget due dates every now and then. However, late payment fees can wipe out any cashback or rewards you earn. To avoid this, always set up multiple reminders, before and on the due date, so that you don’t miss a payment. To further protect your cashback, start accepting all notifications from Maya and Landers so that you have more reminders to pay.
5. Redeem Your Cashback Rewards Wisely
With the Maya Landers Cashback Everywhere Credit Card, you get points that you can use to get a discount upon payment the next time you shop at Landers. While you can use these points for non-essential expenses at Landers, the wisest way to use them up is probably for groceries and other essentials. With careful planning, you can set up a continuous cycle of rewards and redemption that stretches your peso to the limit.
More Savings, More Perks With Your Landers Cashback Everywhere Credit Card
As exciting as having a credit card is, the responsibilities may not be for everyone. This is true even for cashback cards that give you more than your money’s worth. Handling your Landers Cashback Everywhere Credit Card wisely should help enjoy the benefits of cashback alongside other incredible perks. With the tips we shared, your credit card can expand the possibilities of your income, allowing you to save more and enjoy more of the better things in life.
*Transactions that don’t qualify include: cash in, cash advance, quasi cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.
