Getting Started
Maximizing travel rewards is a two part process. First we need to maximize how we earn valuable and flexible travel points without having to increase our spending. Second we need to learn how to get the most value from each point we've earned by mastering the redemption system. This can't be a one size fits all approach as your spending and your travel is unique to you and your family. But we can help you get the most of what you're already doing.
Consider Your Situation
How much do you spend reliably on things like groceries, restaurants, coffee shops, and food delivery? Are you getting the most back for it?
If you're a business owner or professional, reach out to me for more advanced tips to harness the significant expenses of your practice.
Travel Goals
The right plan for couple looking to travel the world in pods before starting a family is going to be different than the family looking to save money on their annual flight out east to visit family.
Effort Level
While there is plenty of low hanging fruit, some strategies involve some effort on your part. Know that you can always ramp up/down depending on the value you experience so start with the low hanging fruit.
Pick Your Program
For many Canadians this is the default travel program. Powerful credit card perks, the ability to earn huge points and frequent flyer status through the eStore, and syngergy with Amex create a powerhouse to access the Star Alliance
Avion is often seen as a simple travel portal style program similar to many others from competitor banks. However through transfering and combining with Amex, you can unlock the OneWorld airlines.
The most flexible and reliable of the programs. Amex points can be transfered to join forces with Aeroplan or Avion, or to other programs like members of SkyTeam
While not the a good choice for aspirational travel, many people prefer the simplicity of cash back programs. No need to consider conversion rates and point values.
Maximize Your Earning
While they aren't the only way to generate points, credit cards are an easy to implement and powerful tool. Picking the right ones and learning how to use them will greatly enhance their efficacy.
If you're targetting Aeroplan and aren't using the eStore you are missing out on an incredible avenue for point generation. Furthermore, if you're not yet 25K status with Aeroplan estore can change that.
For the motivated this is just the starting point. Concepts like SUB hunting, manufactured spending, and optimally combining multiple programs at once can turn what was once just 2% back into over 30% back
Master Your Redemptions
Learning how to balance flexibility and value and how to rapidly identify and secure the trips you want is no less important than accumulating the points in the first place. Ongoing redemption support is available for those who reach out.
Our blog has our latest writing and covers a wide range of topics from simple to complex. Need help finding the right business card? Not sure how to get the most from a hotel booking? Want to read about the latest eStore Promos? The blog has it all. As always if you want more personalized advice, just reach out for a free consult.
