Essential Tips for Collecting Point ⚖️
Collecting points for travel rewards is a fantastic way to unlock incredible experiences, but there are plenty of myths and misconceptions around it. In this guide, we’ll debunk some common myths and provide you with essential advice to help you make the most of your points. Whether you’re just starting or refining your strategy, these insights will set you on the right track to earning more rewards and enjoying valuable travel perks.
One Signup Bonus
Most credit cards offer a signup bonus only once per lifetime. For programs like Aeroplan, this rule applies across all card providers in the same tier, so choose wisely.
Annual Fees
Many top travel credit cards have an annual fee, but the rewards, benefits, and valuable perks you earn easily outweigh the cost when used wisely.
Pay Your Balance
Travel credit cards are only valuable if you pay your statement balance on time and in full each month to avoid high interest charges.
Minimum Spend
To earn your welcome bonus, you need to meet the card’s minimum spend within a set timeframe. Make sure you can hit that goal before applying.
Your Credit Score
Most travel cards require a credit score of 660 or higher. If you’re unsure where you stand, check your score for free.
Credit Score Impact
A new card application can lead to a slight, temporary dip in your credit score. However, responsible credit usage will help you build a stronger, long-term credit profile.
Your Signup Bonus
Stay organized with our free Credit Card Signup Bonus Tracker to keep track of your progress towards bonus goals.
How Points Work
Understand how a card’s points work before applying, including transfer options and value. This will help you choose the best card for your travel goals.
