Miles & Points for Beginners: Choosing the Right Credit Card | News 4 Social (adsbygoogle = window.adsbygoogle || []).push({}); In previous parts of our Miles & Points for Beginners series, we explored why points matter, the importance of setting a goal, and the value and power of flexible points.
Now that you have a foundation of miles and points knowledge, it’s time for the most important part of the series yet. The next step in your journey is to choose the right credit card. It’s easy to get overwhelmed at this stage, since there are literally hundreds of options at your disposal.
What’s more, credit card welcome bonuses fluctuate often, and even earning rates can change. After reading through this guide, you’ll be able to strategically approach how to choose the right credit card(s) to help meet your travel goals. (adsbygoogle = window.
adsbygoogle || []).push({}); Welcome Bonuses: Earn Points Fast Welcome bonuses will play a large role in your overall credit card strategy. With welcome bonuses, you earn a huge chunk of points after meeting the requirements that are outlined in the offer.
For example, at the time of writing, the Marriott Bonvoy American Express Card comes with a welcome bonus of 55,000 Bonvoy points upon spending $3,000 (all figures in CAD) in the first three months. Historically, all credit cards followed a similar welcome bonus formula; however, in recent years, most banks have moved away from the simple “spend $X in three months and receive Y.