Should You Rabidly Pursue Credit Card Air Miles Points?

Many people pay for everything they can with a credit card in pursuit of air miles points.

While that sounds pretty savvy, such payment methods might cost more than they are worth.

What do you think?

I’ve written a story about it here. I’m interested to hear your opinion as it relates to what I discovered.

Where do you think your spending (and pursuit of air miles) personally fit in a story like this?

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Read My Article and Please Let Me Know your Thoughts


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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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6 Responses

  1. essential reading for visitors to andrew hallam website

  2. Shankar says:

    We earn money.; we accumulate credit cards. And then we start thinking where our money is gone!
    Since 1993, I’ve been using a single credit card. I’ve always treated it like a debit card. When the bill arrives, I make sure that there’s enough money in my bank account

  3. Jen says:

    I personally loved having my premier credit card and am very upset to not have one know–I can’t get one as I don’t’ have residency in any country and am in Qatar on a business neither SA, UK or Qatar will,give me one…but when I had one up until last was great. The credit card was free, no annual fees, it was convenient, gave me the perks of getting into airport lounges for free (saved money as the snacks and drinks whilst waiting for flights are then free),’as well as getting the Enterainer discount booklet for free and I collected air miles…I used my credit card for air tickets ( and we expats travel a lot), groceries etc….so I found having a credit card wonderful! However…I always immediatly went online and paid it the minute I had used it, only took it because there were no annulal fees…if there were fees I would have stopped it and looked for a different bank, and never used if I knew I did not have the money in my account to immediatly pay it. It made me feel more secure–if your cash is stolen when your hand bag it’s gone.. If your credit card is stolen when your hand bag is you immediatly contact your bank and put a stop on it. I had someone try fraud on my card online and the bank immediatly contacted me bcos they saw it was out of my usual spending pattern. Credit card…ah I miss it!

    • Jen,

      I can definitely see how inconvenient it would be to NOT have a credit card, especially today. You must have to be a lot more creative than most of us.
      Thanks for your story!


  4. Dave says:

    Andrew. We use our credit cards for all purchases. Does it cause us to dissociate us from the true value of money? Yes, to a degree. Since we are generally cheap to begin with we likely don’t overuse the cards. We use for all the necessities (including bike repairs). The bank account is set up to automatically pay off the card every month. As you mentioned, the mindset is the important issue.

    I have other questions on investing. Specifically, from Thailand. How to find the means to index fund investing from there. I’ve read both your books and there are details for many countries but not from Thailand.

  5. Owen says:

    I totally agree that paying for something in cash is waaaay harder than just tapping the card. The psychology behind it is interesting for sure! From a Singapore perspective, credit cards are amazing for the consumer due to slightly higher fees on the merchants. We’ve had an AMEX card for 5 years and have never paid the annual fee – I just call them up and threaten to quit. We get 50% (not a typo) off at restaurants and with golf. Our MasterCard is the same – calling them a week before our annual fee will be charged convinces them not to charge us. On that one, we get 5% back on all travel related expenses. On top of that, setting up a GIRO direct deposit means our payments are full and automatic on the due dates.

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