Whether you're trying to earn points for travel, rack up some serious cash back, or earn flexible rewards on your everyday spending, your strategy should be the same. By putting as much spending on your rewards credit card as you can each month – and paying your card in full when each statement comes due – you can maximize the value of the rewards you earn over time.
Some bills you can pay with credit are obvious; it's easy and convenient to whip out your card and buy groceries and gas with it, after all. Other household bills, on the other hand, may not come to mind when you think of bills you might pay with a credit card.
11 Household Bills You Can Probably Pay with Credit
If you're willing to dig into your situation a little deeper, you might be surprised at how many bills you can pay with a credit card. While many service companies actually accept credit as payment, not all of them advertise that fact. If you want to know for sure, you might have to ask.
Still, it helps to know where to start looking. If you're ready to ramp up your rewards points, this list of bills is a good place to start:
Electric bill – Depending on your electric company, you may be able to pay your electricity bill with credit. However, you should make sure your electric company doesn't charge any fees for the privilege.
Gas bill – Just like your electric bill, you may be able to pay your gas bill with credit. Your company may charge a fee for doing so, however, which is why you should check with your company first.
Cable and internet bill – Your cable and internet bill is another household bill you can normally pay with credit. Once again, you should check with your provider to make sure no fees are charged if you pay with your credit card.
Homeowner's insurance – Some insurance providers let their customers pay their premiums with a credit card. Most of the time, there are no fees involved.
Automobile insurance – Like your homeowner's or renter's insurance, you may be able to pay your auto premiums with a credit card.
Health insurance – If you are self-employed or purchase your own health insurance policy for any reason, check with your provider to see if they let customers pay with credit.
Cell phone bill – Set your cell phone bill to be paid with your credit card automatically to earn more points over time.
Rent or your mortgage – While small mom and pop landlords may not be able to accept credit, you may be able to pay your rent with a credit card if you rent from a larger corporation. Further, a handful of mortgage companies may allow you to pay with credit as well, although you'll typically be charged a fee for doing so.
College tuition – Whether paying for college as you go or paying for a child's college tuition, it pays to check with your school to see if credit is accepted.
Student loans – While student loan servicers typically do not accept credit as payment, schools that loan money directly to students may. Either way, it pays to check with your school or loan provider to check.
Daycare expenses – If you send your children to a small, private daycare, you may need to pay with a check or cash. On the flip side, you may be able to charge daycare to a credit card if your kids attend a larger daycare center.
While you may be able to pay some of these bills on credit, that doesn't mean you have to. And since some of your bills may charge a fee for using credit, you should weigh the pros and cons of any fees you encounter to make sure they are worth it.
The other piece of the puzzle involves paying your bill in full every month to avoid interest – no matter how much you charge. While earning more points and miles is a noble goal, paying interest on your credit card will cost you a lot more in the long run. As always, you should use caution when using your credit card if you want to avoid getting into debt.