My 2022 Predictions for the Miles and Points World
Back in 2016, I began a tradition of trying to predict the travel / rewards market in Canada. The first year was rough, but it got better over the years. How did it go in 2021?
Back in 2016, I began a tradition of trying to predict the travel / rewards market in Canada. The first year was rough, but it got better over the years. How did it go in 2021?
With so much negativity out there about the coronavirus, I will try my best to keep things positive. When things are down, I can tell you that one thing I do right away is to plan a strategy to anticipate the changes that can occur.
With travel coming almost to a halt for at least the short term, the question of what my strategy should be going forward has been on my mind non-stop over the past few weeks. I touched on this topic a couple of day ago when I tried to answer the question about whether it makes more sense to switch to a cash back portfolio when it comes to earning rewards. I would like to dig a little deeper into this topic.
It’s no secret that it feels like the industry is tightening its belt as the economy recovers. Fewer churning options, lower sign up bonus offers, less first year fee waived opportunities. It’s so easy to write things thoughts and ideas. The hard part is to focus on the positives. So let’s get some negatives out of the way first, so that we can have a more positive post:
I am frequently asked this question by people who have an interest in the topic, but do not know how to get started. For sure, when you first get started, it will feel like there is a lot of information to sort through. But just like most things in life, you start with one step at a time.
Pretty much all my articles are about how much I love miles and points, but I thought I’d give a negative perspective about it instead. This is pretty much a post that gives suggestions on how the industry can improve. Some may be far fetched idea, but others are probably doable.
With the ever changing world of miles and points (for example, very little referral bonus opportunities left), I constantly feel like I need to change up my earning strategy. I previously wrote an article about my top ways to earn points. Today, I will talk about my favourite ways to earn and why.
During the #PointsuYVR after party at the Hyatt Regency Presidential Suite in Vancouver, BC, we had a chance to do a candid interview with the founders of Canadian Points University, Boris Remes and Jason Binstock, on how they jumpstarted this event together and their thoughts on the successes of the 1st miles and points conference in Canada.
People often tell me that they do not want to earn miles and points because they do not spend enough on a credit card or they do not travel often enough. But those are not the only ways to earn points.