What is this credit card points thing about anyway?

In the beginner's guide on Why points and miles is the cheapest way to travel we talked about all the different ways that using points can save you money. That's great but how do you get all these points? Well there are many ways to get them and we will touch on them below in an attempt to figure out

FLY 410 - What is Travel Hacking

Earn Miles

  • Credit Card Signups
  • Everyday Spend
  • Spend Bonuses and Partners

Redeem Miles

  • Have multiple options/strategies
  • Travel more often/to new places, luxurious options.
  • Stay in incredible accommodations
  • Save money for activities

Major types of Credit Cards

  • Co-Branded airline/hotel
  • Proprietary points
  • Cashback

Types of Credit offered

  • Charge Card (Pay off in full)
  • Credit Card (Min. payments mthly)
  • Debit Card (No Travel

Fly 420 - Canadian Credit Cards

Enrol in our Free course to get a full detailed list of Canadian Credit Cards

Top Cards For Flying:


  • Great for earning Aeroplan points quickly
  • 25,000 point signup bonus after $500 minimum spend
    • 1 round trip anywhere in Nth America
  • First Year Free
  • 2 pts/$1 on gas, groceries, travel
  • Convert 1:1 to Aeroplan, British Airways
  • More Details >


  • Huge signup bonus if you can manage the Minimum spend
  • 40,000 point signup bonus after $5,000 minimum spend
    • 1 round trip to Hawaii
  • First Year Free
  • 2 pts/$1 at 3 businesses chosen from a list
  • Convert 1:1 to Aeroplan, British Airways
  • More Details >

MBNA Alaska AirlineS

CIBC Business Aerogold



Chase Marriott

  • 50,000 Marriott Pts
  • First Year Free
  • No Foreign Transaction Fee
  • Free Night Stay Certificate
  • More Details >

Fly 430 - Credit Card Strategies

3 Golden Rules

  • Always pay on time
    • Don't pay interest, it ruins the game
  • Never spend money you weren't going to anyway
    • Don’t spend high to save low
  • A Bird in the hand is worth two in the bush
    • Saving money is never a bad thing. Small wins.

The Process

Factors affecting a "Good Deal" for Credit Cards

  1. Bonus miles/pts
  2. Earn Currency/Conversion
  3. Minimum Spend
  4. Annual Fee
  5. Spend Bonus Miles
  6. Other
    1. Income requirements
    2. Other ways to earn points/miles
    3. Partners, Product Quality, etc
    4. Other perks (Insurance, Bags)

FLY 440 - Credit Score

Credit Score

Who runs the show

How is Credit Score determined

  • Payment history (35%)
  • Credit Utilization - Amounts owed (30%)
  • Age of Account - Length of credit history (15%)
  • New credit (10%)
    • Hard pulls and Soft pulls
  • Type of credit used ( 10%)

    TOTAL = 100%

More Info - Pointshogger

My Credit Score

Tips and Best Practices

  • Payment history (35%)
    • Always pay on time
  • Credit Utilization - Amounts owed (30%)
    • 10-30% Utilization
    • Space out cancellations
  • Age of Account - Length of credit history (15%)
    • Keep your oldest card (Free of course)
  • New credit (10%)
    • App-O-Rama’s are an option but not foolproof
    • Space out new apps if worried
  • Type of credit used (10%)
    • Diversify Charge Cards, Credit Cards, Overdraft, Line of Credit,