Originally Posted by
jeremyhalifax88
I just got my Amex aeroplan gold card and will make a $500 purchase next week so I should have 30,000 aeroplan points.
I applied for the Aeroplan member gold card also last week(around the same time I applied for my last aeroplan card) and hopefully it gets approved.
So what is the trick here to churn and make the most out of these cards?
Should I apply for more cards? (I have bad credit)
I also have the BMO World elite card.
My end goal is to travel from Halifax to Orlando return with my girlfriend for free
Originally Posted by
jeremyhalifax88
Well, I have a credit card from 6 years ago that I owe $10,000 to and it hasn't disappeared off my profile yet.
I had my BMO mastercard for 3 years now and I've spent over $20k a year with it and always pay it off before the 21 day limit.
Remember your credit score is determined by 4 parts:
35% - payment history (do you pay on time?)
30% - outstanding debt (credit utilization ratio)
15% - credit history (how long have you had credit)
10% - new credit (inquiries)
10% - types of credit you have
Here is my post on churning:
http://boardingarea.com/canadiankilo...urning-basics/