{"id":166044,"date":"2024-12-20T06:00:00","date_gmt":"2024-12-20T11:00:00","guid":{"rendered":"https:\/\/mp-2702.milesopedia.dev\/news\/management-expenses-credit-cards\/"},"modified":"2026-05-08T15:52:47","modified_gmt":"2026-05-08T15:52:47","slug":"management-expenses-credit-cards","status":"publish","type":"post","link":"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/management-expenses-credit-cards\/","title":{"rendered":"Manage Your Credit Cards To Earn More Points"},"content":{"rendered":"\n<p>While chatting with a friend recently, she admitted to me that she was uninterested in <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/beginners-guide\/\">credit card reward programs<\/a>. She said it was too &#8220;complicated&#8221; to <strong>manage credit cards<\/strong>. So I sat down with her for this exercise to show her that it&#8217;s possible to get much more than her measly 1% cash back on her <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/no-fee\/\">no-annual-fee credit card<\/a>.<\/p>\n\n\n\n<p>Getting a 10-20% discount regularly on purchases you need to make anyway is possible! However, it requires management and dedication, as credit card issuers won\u2019t hand over your rewards so easily. Like any job, the results you achieve reflect the<strong> effort you put in<\/strong>.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='page'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_page container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"page_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"273480\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tips-for-managing-your-credit-cards\">Tips For Managing Your Credit Cards<\/h2>\n\n\n\n\n\n<p>Without further ado, here are my top tips for <strong>managing your credit cards<\/strong> and earning more reward points.<\/p>\n\n\n\n<p>Also, take the opportunity to download my tool to help you choose the right credit card by spending category. It&#8217;s available in our <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/toolbox-organize-finances-and-rewards\/\">toolbox<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-determine-your-monthly-expenses-by-category\">1. Determine Your Monthly Expenses By Category<\/h3>\n\n\n\n<p>Take a look at your <strong>monthly expenses<\/strong> and write them down:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Housing (<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/cash-back-rent\/\">rent<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/mortgages\/how-do-you-work-hypothecary-canada\/\">mortgage<\/a>, telecommunications, electricity, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/insurance\/\">insurance<\/a>, etc.)<\/li>\n\n\n\n<li>Food (<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/grocery\/\">groceries<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/restaurants\/\">restaurants<\/a>, snacks)<\/li>\n\n\n\n<li>Transportation (<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/how-does-a-car-loan-work-in-canada\/\">car loan<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/gas-transit\/\">gas<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/insurance\/car-insurance-canada-guide\/\">car insurance<\/a>, public transit, etc.)<\/li>\n\n\n\n<li>Health (Pharmacy)<\/li>\n\n\n\n<li>Entertainment (movies, books, video games, shows, etc.)<\/li>\n\n\n\n<li>Miscellaneous shopping (clothing, shoes, accessories, etc.)<\/li>\n\n\n\n<li>Children (daycare, pocket money, diapers, clothes, etc.)<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/how-to-delete-your-debts\/\">Debts to be repaid<\/a><\/li>\n\n\n\n<li>Etc.<\/li>\n<\/ul><\/div>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"136029\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-determine-your-annual-expenses-by-category\">2. Determine Your Annual Expenses By Category<\/h3>\n\n\n\n<p>Take a look at your <strong>annual expenses<\/strong> and write them down:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>School taxes<\/li>\n\n\n\n<li>Municipal taxes<\/li>\n\n\n\n<li>Taxes<\/li>\n\n\n\n<li>Installments<\/li>\n\n\n\n<li>Professional contributions<\/li>\n\n\n\n<li>Professional fees (accountant, notary, etc.)<\/li>\n\n\n\n<li>Christmas gifts<\/li>\n\n\n\n<li>Travel<\/li>\n\n\n\n<li>Etc.<\/li>\n<\/ul><\/div>\n\n\n\n<p>By doing steps 1 and 2, you&#8217;ve also just <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/how-to-budget-for-your-personal-activities\/\">created your budget<\/a>! A good way to do this is to pull out your bank and credit card statements from the last 12 months.<\/p>\n\n\n\n<p>Do you have too many <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/bye-bye-debit-card\/\">debit card<\/a> transactions? The aim is to optimize your spending, not to inflate it just to earn points.<\/p>\n\n\n\n<p>Then, if your financial health is fragile, the <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/how-to-budget-for-your-personal-activities\/\">budget<\/a> you&#8217;ve just drawn up will help you target which expenses to prioritize and which to cut. Is there a category where you overspend? Did you buy too many shoes last year?<\/p>\n\n\n<aside class=\"component component__notice component__notice--info wp-block-milesgutenberg-notice\">\n\t\t\t\t<i class=\"fas fa-info-circle\"><\/i>\n\t\t<div class=\"component__notice__content\">\n\t\t\t\t\n\n<p><strong>Tip<\/strong>: Take this opportunity to determine how much you are able to save after these steps. You could use the 50\/30\/20 rule to help you determine this amount.<\/p>\n\n\t<\/div>\n<\/aside>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--2'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"210582,179267\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-determine-which-expenses-can-be-paid-by-credit-card\">3. Determine Which Expenses Can Be Paid By Credit Card<\/h3>\n\n\n\n<p>You now know that you typically spend (for example) $400 on <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/grocery\/\">groceries<\/a> each month. Can this expense be made, in whole or in part, with <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/cards\/american-express-canada\/\">American Express<\/a> or only with <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/visa\/\">Visa<\/a> \/ <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/mastercard\/\">Mastercard<\/a>? Sometimes, you have to break down certain expenses when shopping, whether at Metro or <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/offers\/cards\/best-credit-cards-for-costco\/\">Costco<\/a>.<\/p>\n\n\n\n<p>Also, you need to look at what is usually paid in cash, by transfer, and by cheque. Then, ask yourself if these expenses can be paid by credit card one way or another; via <a target=\"_blank\" href=\"\/?p=7012\">Plastiq<\/a> or <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reviews\/products\/pay-bills-paysimply\/\">PaySimply<\/a>, with fees, to <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/tips-unlock-bonus\/\">unlock a bonus<\/a> if you&#8217;re in a pinch, for example.<\/p>\n\n\n\n<p>When questioning my friend, she told me she gave her son $20 in allowance and he saved it to buy video games at <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/how-to-save-walmart\/\">Walmart<\/a> or <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/amazon-2\/\" data-shortcode=\"true\">Amazon<\/a>. Now, she buys him <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/points-gift-cards-strategy\/\">gift cards<\/a> (at <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/rewards\/special-offers\/5-points-stores\/\">5X the points<\/a>) with her credit card instead!<\/p>\n\n\n\n<p>This kind of <strong>minor adjustment<\/strong> saves us from leaving points on the table!<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--4'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"143408,130606,302137,309170\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-set-your-reward-goals\">4. Set Your Reward Goals<\/h3>\n\n\n\n<p>In the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/groups\/milesopedia\">Milesopedia Facebook community<\/a>, I often see the question &#8220;what is the best credit card to maximize my purchase?&#8221; You need to define the word &#8220;profitable,&#8221; because the answer varies for each person. We all have different situations and goals.<\/p>\n\n\n\n<p>For example, $3,000 in grocery expenses can yield:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>The equivalent of $400 in <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/disney-world-guide-ultimate-to-save-with-points\/\">Disney<\/a> gift cards as a bonus on the BMO AIR MILES World Elite Mastercard (especially with <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/offers\/cards\/bmo-air-miles-world-elite-mastercard-offer\/\">the exclusive offer<\/a> from Milesopedia),<\/li>\n\n\n\n<li>15,000 Aeroplan points for a flight to New York with the <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/credit-cards\/american-express-cobalt-card\/\">American Express Cobalt<sup><sup>&reg;<\/sup><\/sup> Card<\/a><\/li>\n<\/ul><\/div>\n\n\n\n<p>If I have no intention of going to Disney, but rather to New York, the $400 in Disney isn&#8217;t worth much to me compared to Aeroplan points. So I&#8217;m not maximizing my purchases with the BMO AIR MILES World Elite Mastercard if my goal is to pay for my flight to New York.<\/p>\n\n\n\n<p>Other factors to consider before making a purchase besides rewards:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/insurance\/\">Insurance<\/a><\/li>\n\n\n\n<li>Credits and benefits<\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/best-credit-cards-in-canada\/forex\/\">Foreign Exchange Fees<\/a><\/li>\n<\/ul><\/div>\n\n\n\n<p>Cash back or points for travel? Which is better? There are advantages and disadvantages to both.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--2'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"249968,188740\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-cash-back-and-reward-points\">Cash Back and Reward Points<\/h4>\n\n\n\n<p>Here are the advantages and disadvantages of cash back and reward points (<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/cibc-aventura\/\">CIBC Aventura<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/bmo-rewards\/\">BMO Rewards<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/nbc-a-la-carte-rewards\/\">NBC Rewards<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/sceneplus\/\">Scene+<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/membership-rewards-american-express\/\">American Express Membership Rewards<\/a>, etc.):<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>They have a fixed value, somewhat like <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/tangerine-guaranteed-investment-gic\/\">Tangerine GICs<\/a> or <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/eq-bank-gic\/\">EQ Bank<\/a>.<\/li>\n\n\n\n<li>They can be applied to current or travel expenses.<\/li>\n\n\n\n<li>They&#8217;re flexible, because you&#8217;re not limited by a specific company or chain.<\/li>\n\n\n\n<li>However, you must keep the credit card with which you accumulated these points to avoid losing them.<\/li>\n\n\n\n<li>In some cases, you need to accumulate a certain minimum number of points to be able to use them.<\/li>\n<\/ul><\/div>\n\n\n<aside class=\"component component__notice component__notice--info wp-block-milesgutenberg-notice\">\n\t\t\t\t<i class=\"fas fa-info-circle\"><\/i>\n\t\t<div class=\"component__notice__content\">\n\t\t\t\t\n\n<p><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/membership-rewards-american-express\/\">American Express Membership Rewards<\/a> are reward points. But they have a big advantage compared to others, because these points are also transferable. That&#8217;s why the <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/credit-cards\/american-express-cobalt-card\/\">American Express Cobalt<sup>MD<\/sup> Card<\/a> is often recommended: you can use your points as you wish, even for cash back!<\/p>\n\n\t<\/div>\n<\/aside>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='compare-simple'\n\t\t\t\tdata-post_type='card'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_card container_template--compare-simple container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"card_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"22621\"\n\t\t\t\t\t\t\tdata-utm=\"wpb\"\n\t\t\t\t\t\t\t>\n\t\t\n    <div class=\"card card-list card-list-header\">\n        <div class=\"shimmer shimmer-bar shimmer-dark shimmer-bar--short card-specs--title\"><\/div>\n        <div class=\"shimmer shimmer-bar shimmer-dark shimmer-bar--short card-specs--title\"><\/div>\n    <\/div>\n\n\n<div class=\"card card-list\">\n\n\t<div class=\"card-list--grid\">\n\n\t\t<div class=\"card-list--card\">\n\t\t\t<div class=\"card-graphic-cta shimmer shimmer-card\"><\/div>\n\t\t<\/div>\n\n\t\t<div class=\"card-list--title-offer\">\n\n\t\t\t<div class=\"card--title\">\n\t\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"card-list--offer\">\n\t\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<\/div>\n\n\t\t<\/div>\n\n\t\t<div>\n\t\t\t<div class=\"card--apply\">\n\t\t\t\t<div class=\"shimmer shimmer-btn\"><\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n<\/div>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='page'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_page container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"page_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"207261\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-travel-points\">Travel Points<\/h4>\n\n\n\n<p>Here are the advantages and disadvantages of travel points (<a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/aeroplan\/\">Aeroplan<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/airmiles\/\">AIR MILES Dreams<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/british-airways-club\/\">British Airways Executive Club<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/marriott-bonvoy\/\">Marriott Bonvoy<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/best-western-rewards\/\">Best Western Rewards<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/flying-blue\/\">Flying Blue<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/hilton-honors\/\">Hilton Honors<\/a>, <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reward-program\/rbc-avion-rewards\/\">RBC Avion<\/a>, etc.):<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>The value of a point varies from one individual to another.<\/li>\n\n\n\n<li>The valuation depends on how you use them. These points can therefore be worth much more than reward points.<\/li>\n\n\n\n<li>They don&#8217;t expire; you just need to keep the account active with a transaction every 12, 18, or 24 months depending on the program&#8217;s terms.<\/li>\n\n\n\n<li>They allow us to save on travel expenses and afford luxury at low prices.<\/li>\n\n\n\n<li>There are many <em>sweet spots<\/em> for using this type of point.<\/li>\n\n\n\n<li>Understanding how to optimize a program can be difficult for a beginner.<\/li>\n\n\n\n<li>They are less flexible than cash rebates.<\/li>\n\n\n\n<li>We are sometimes restricted by availability.<\/li>\n<\/ul><\/div>\n\n\n\n<p>When you&#8217;re just starting out, it&#8217;s wiser <strong>not to spread yourself too thin<\/strong> and aim for one or two types of reward. By focusing your efforts this way, you will also have time to master the program(s) in question before venturing elsewhere.<\/p>\n\n\n\n<p><strong>Mastering a program is the key to extracting maximum value from it<\/strong>! You need to know how to earn the points, but also how to use them to their full potential.<\/p>\n\n\n\n<p>Is it possible to pay for 100% of a trip with points? Yes, but it&#8217;s almost impossible to do it optimally with just one type of points.  The more programs you master, the more affordable your trips will be.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s container_count--2'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"246675,195768\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article><article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-plan-your-credit-card-rounds\">5. Plan Your Credit Card Rounds<\/h3>\n\n\n\n<p>In a points hunter&#8217;s wallet, there are <strong>accumulation cards<\/strong> and <strong>bonus cards<\/strong>. On the one hand, the expenses you&#8217;ve identified as monthly should be paid for with a card or cards that will give you the maximum return over the long term.<\/p>\n\n\n\n<p>On the other hand, good timing with major annual expenses will be very rewarding while using monthly expenses to help you unlock a bonus.<\/p>\n\n\n\n<p><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/travel-hacking-canada\/\"><em>Travel hacking<\/em> is a marathon<\/a>, and although it&#8217;s more rewarding to get bonuses, you need to proceed with <strong>moderation<\/strong>. I advocate a balance between earning mode and bonus mode.<\/p>\n\n\n\n<p>For example, if I have $3,000 in expenses every December. So I&#8217;m going to plan on getting a card to unlock a bonus, in November of each year.<\/p>\n\n\n\n<p>As for the <strong>rotation plan<\/strong>, here&#8217;s an example of how to <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/strategies-earn-cash-back\/\">earn cash back<\/a>:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>2022: <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/bmo-cashback-world-elite-mastercard\/\">BMO CashBack<sup>&reg;<\/sup> World Elite<sup>&reg;<\/sup>* Mastercard<sup>&reg;<\/sup>*<\/a><\/li>\n\n\n\n<li>2023: <a target=\"_blank\" href=\"\/go\/amex-cobalt-card\/\">American Express Cobalt<sup><sup>&reg;<\/sup><\/sup> Card<\/a><\/li>\n\n\n\n<li>2024: <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/cibc-dividend-platinum-visa-card\/\">CIBC Dividend Platinum<sup><sup>&reg;<\/sup><\/sup> Visa* Card<\/a><\/li>\n\n\n\n<li>2025: <a target=\"_blank\" href=\"\/go\/scotia-momentum-visa-infinite-card\/\">Scotia Momentum Visa Infinite+ Card<\/a><\/li>\n\n\n\n<li>2026: <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/td-cash-back-visa-infinite-card-qc\/\">TD Cash Back Visa Infinite* Card<\/a><\/li>\n<\/ul><\/div>\n\n\n\n<p>Organizing my expenses this way allows me to know exactly <strong>when<\/strong> to start a round, how much to spend, and which credit card(s) to use.<\/p>\n\n\n\n<p>Since I&#8217;ve determined what can be paid for with which type of card and my budget, I know exactly whether or not I&#8217;ll be able to reach a bonus.<\/p>\n\n\n\n<p>In my personal situation, I make two &#8220;regular rounds&#8221; of card purchases a year (in March and November) because it&#8217;s in line with my expenses.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"127728\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-6-adjust-your-plan-when-necessary\">6. Adjust Your Plan When Necessary<\/h3>\n\n\n\n<p>I also leave myself some leeway in my credit card applications to be able to get a new card, outside of my game plan, when an unexpected expense arises or when an exceptional offer comes up. So it&#8217;s easy for me to always space out my applications by at least 3 months for these &#8220;surprise&#8221; rounds.<\/p>\n\n\n\n<p>I also adjust my game plan if I have big expenses coming up, like a new set of tires for next winter, or if I&#8217;m planning to renovate my kitchen.<\/p>\n\n\n<aside class=\"component component__notice component__notice--info wp-block-milesgutenberg-notice\">\n\t\t\t\t<i class=\"fas fa-info-circle\"><\/i>\n\t\t<div class=\"component__notice__content\">\n\t\t\t\t\n\n<p>To each their own pace! If you&#8217;re a beginner, I advise you to space out your applications by at least 6 months and not to take too many cards at once. And what about the <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/credit-score\/101-credit-score\/\">credit score<\/a> in all this? We recommend making multiple applications on the same day, as this favors card acceptance. Each application triggers a credit inquiry. However, based on your habits, your credit score should recover after a few months, since applying for credit cards is not the only factor affecting your score.<\/p>\n\n\t<\/div>\n<\/aside>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='page'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_page container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"page_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"207248\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-7-keep-track-of-credit-cards\">7.Keep Track Of Credit Cards<\/h3>\n\n\n\n<p>I recommend creating a tracking sheet for your credit cards to remember important dates.<\/p>\n\n\n\n<p>If you prefer, I share my credit card management file in our <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/toolbox-organize-finances-and-rewards\/\">toolbox<\/a>. You can use it &#8220;as is&#8221; or use it as a basis to create your own spreadsheet. You just need to modify the file so it reflects the picture of your wallet.<\/p>\n\n\n\n<p>I also save the terms of the cards I&#8217;ve signed up for and keep them in the same folder as my Excel spreadsheet. This allows me to have all the details in case there&#8217;s a problem with my bonuses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-8-avoid-mistakes\">8. Avoid Mistakes<\/h3>\n\n\n\n<p>A common beginner&#8217;s mistake is not being able to <strong>unlock a bonus<\/strong> within the required timeframe. To avoid this:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li>Enter the deadline for reaching the spending threshold.<\/li>\n\n\n\n<li>Put an alert on your calendar a few days before the end of the billing cycle, to give you time to make the expense and for it to appear on your calendar.<\/li>\n\n\n\n<li>Enter the amount you need to spend to unlock the bonus.<\/li>\n\n\n\n<li>Enter remaining expenses.<\/li>\n\n\n\n<li>Set up pre-authorized debits for your card payments.<\/li>\n<\/ul><\/div>\n\n\n<aside class=\"component component__notice component__notice--info wp-block-milesgutenberg-notice\">\n\t\t\t\t<i class=\"fas fa-info-circle\"><\/i>\n\t\t<div class=\"component__notice__content\">\n\t\t\t\t\n\n<p>For cards giving a bonus per statement, don&#8217;t forget to program your alert each month. You already have to look at each of your statements to pay them, it will take you a couple of minutes to simply subtract the amount from it to be up to date in your quest for the bonus. Card fees are never included in the amount required to unlock bonuses.<\/p>\n\n\t<\/div>\n<\/aside>\n\n\n\n<p>Personally, I don&#8217;t like <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/reviews\/products\/awardwallet-review\/\">Awardwallet<\/a> and prefer to gather the information in the same document. Yes, I do it manually, but it allows me to check that everything is okay with each program as well (for example, if the points from the <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/tutorials\/rewards-with-online-purchase\/\">Aeroplan eStore<\/a> were properly credited).<\/p>\n\n\n\n<p>It&#8217;s a good habit to get into to keep your finances and points up to date. We&#8217;ve got into the habit of doing it every first of the month.<\/p>\n\n\n\n<p>I also suggest you download the apps for each of the banks and rewards programs. You&#8217;ll be able to follow the progress of each account at your fingertips on your phone!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-9-manage-foreign-currencies-and-gift-cards\">9. Manage foreign currencies and gift cards<\/h3>\n\n\n\n<p>Also, I keep an eye on the foreign currencies I have left after a trip. I keep some currencies because I know I will return to certain places. So, it saves me from losing on the exchange rate.<\/p>\n\n\n\n<p>Finally, I treat <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/strategy\/points-gift-cards-strategy\/\">gift cards<\/a> like cash. So, I manually update the balance of my gift cards each month. I mainly use them for very short-term purchases (gas, clothes to buy at Simons, etc.) or to help me unlock a bonus. So, my gift card balance isn&#8217;t a fortune and it doesn&#8217;t take long to check.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"131976\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-10-use-shopping-portals-for-bonus-points\">10. Use Shopping Portals For Bonus Points<\/h3>\n\n\n\n<p>Although this article is about a credit card management strategy, don&#8217;t forget <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/tutorials\/rewards-with-online-purchase\/\">online shopping portals<\/a> when you&#8217;re shopping, for a &#8220;double&#8221; or &#8220;triple dip&#8221;. For example:<\/p>\n\n\n\n<div class=\"component component__list\"><ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/tutorials\/how-estore-aeroplan-works\/\">Aeroplan eStore<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/guide\/tutorials\/how-airmilesshops-works\/\">Airmilesshops<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/go\/rakuten\/\">Rakuten<\/a><\/li>\n\n\n\n<li><a target=\"_blank\" href=\"\/?p=241723\">Boomerang Club<\/a><\/li>\n<\/ul><\/div>\n\n\n\n<p>I&#8217;ve also added extensions to my browser to remind me to go through the portals.<\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='s-h'\n\t\t\t\tdata-post_type='post'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_post container_template--s-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"post_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"116520\"\n\t\t\t\t\t\t\t>\n\t\t<article class=\"post-preview\">\n\t<div class=\"post-preview-thumbnail\">\n\t\t<div class=\"shimmer shimmer-image\"><\/div>\n\t<\/div>\n\t<div class=\"post-preview-content\">\n\t\t<div class=\"simmer-bar-group\">\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/article>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\">Conclusion<\/h2>\n\n\n<div class=\"page\" title=\"Page 7\">\n\n<div class=\"layoutArea\">\n\n<div class=\"column\">\n\n<p>Some will surely reiterate that managing credit cards is complicated. But, as they say, <em>no pain, no gain<\/em>! You have to work to get your rewards. It&#8217;s up to you to see if the effort is worth it! In my opinion, <strong>managing your credit cards<\/strong> is a good habit for keeping my finances up to date.<\/p>\n\n<\/div>\n\n\n<p><\/div><\/p>\n\n\n\n<p><\/div><\/p>\n\n\n<aside class=\"component component__deferred_contents wp-block-milesgutenberg-deferred-contents\">\n\t\t\t\t<div\n\t\t\t\tdata-template='m-h'\n\t\t\t\tdata-post_type='card'\n\t\t\t\tdata-per_page='4'\n\t\t\t\tclass='deferred_container--preload container_card container_template--m-h container_count--1'\n\n\t\t\t\t\t\t\t\t\tdata-tag=\"card_id\"\n\t\t\t\t\t\t\tdata-post_ids=\"22621\"\n\t\t\t\t\t\t\tdata-utm=\"wpb\"\n\t\t\t\t\t\t\t>\n\t\t<div class=\"card\">\n\t<div class=\"card--grid\">\n\n\t\t<div class=\"card--img-outer\">\n\t\t\t<div class=\"card--img\">\n\t\t\t\t<div class=\"shimmer shimmer-card\"><\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<div class=\"card--title-offer-selling\">\n\t\t\t<div class=\"card--title-offer\">\n\t\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t\t<div class=\"shimmer shimmer-bar\"><\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"card--selling-points\">\n\t\t\t\t<div class=\"shimmer shimmer-bar shimmer-bar--short\"><\/div>\n\t\t\t\t<div class=\"shimmer shimmer-bar shimmer-bar--short\"><\/div>\n\t\t\t\t<div class=\"shimmer shimmer-bar shimmer-bar--short\"><\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<div class=\"card--apply\">\n\t\t\t<div class=\"apply-btn\">\n\t\t\t\t<div class=\"shimmer shimmer-btn\"><\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n<\/div>\t\t<\/div>\n\n\t\t<\/aside>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions\">Frequently Asked Questions<\/h2>\n\n\n<aside class=\"component component__faq wp-block-milesgutenberg-faq\">\n\t\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_do_i_use_and_manage_my_credit_card_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow do I use and manage my credit card?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>To effectively <strong>manage your credit cards<\/strong> and earn more reward points, determine your monthly and annual expenses that can be paid by credit card. Next, determine your reward goals and plan your credit card applications accordingly. Of course, pay your balances in full each month, before the due date.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_can_i_avoid_paying_interest_on_my_credit_card_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow can I avoid paying interest on my credit card?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>To avoid paying interest on your credit card, you must pay the balance in full each month. At the same time, this will allow you to have a good credit history and demonstrate to lenders that you are a responsible borrower. This way, you can maintain a <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/credit-score\/good-credit-score-canada\/\">good credit file<\/a>. Finally, avoid cash advances and check your statements online to ensure everything is in order.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"how_do_i_use_a_credit_card_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tHow do I use a credit card?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Use your credit card to pay for your regular expenses only if you have the means to repay your card at the end of the month. Upon receiving your statement, online or by mail, verify the transactions made during the month. Then, pay your account in full (not the minimum payment), before the end of the grace period, to avoid paying interest. If possible, avoid using more than 30% of your credit limit.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<div class=\"component component__faq__item component__faq__item--opened wp-block-milesgutenberg-faq-item\">\n\t<div class=\"component__faq__item__title\">\n\t\t<h4 id=\"when_is_the_best_time_to_pay_off_your_credit_card_\" class=\"toc_exclude component__faq__item__title__heading\">\n\t\t\tWhen is the best time to pay off your credit card?\t\t<\/h4>\n\t\t<i class=\"fas fa-chevron-down\"><\/i>\n\t<\/div>\n\t<div class=\"component__faq__item__content\">\n\t\t<div class=\"component__faq__item__content__inner\">\n\t\t\t\n\n<p>Pay your credit card balance upon receiving your statement, online or by mail. In some cases, making payments ahead of schedule, before the statement is issued, can help increase your <a href=\"https:\/\/mp-2702.milesopedia.dev\/en\/personal-finance\/credit-score\/101-credit-score\/\">credit score<\/a>.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<\/aside>","protected":false},"excerpt":{"rendered":"<p>In this article, discover our best tips for managing your credit cards and earning more reward points.<\/p>","protected":false},"author":1237,"featured_media":423652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[48137],"tags":[],"mc_loyalty_program":[],"class_list":["post-166044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-strategy","mc_market-all-of-canada"],"acf":{"mc_approved_badge":false,"mc_card_used":"","mc_featured_card_specific":"","mc_hide_featured_card":false,"mc_post_checklist":{"mc_post_checklist_true":null,"mc_post_checklist_false":null}},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - 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