The Wealthy Barber Podcast #6 — Barry Choi: Credit Cards and Loyalty Points—How to Get the Most Value
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Dec 17, 2024 Barry Choi, a renowned expert on credit card points and loyalty programs in Canada, shares his insights gained from TV appearances and his website, www.moneywehave.com. He discusses how to maximize credit card points for travel and personal purchases, revealing the most lucrative sign-up bonuses. Barry emphasizes the importance of selecting the right credit card based on spending habits while cautioning against overspending. He also addresses the risks of loyalty point fraud and reflects on meaningful travel experiences, highlighting the value of relationships over material possessions.
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Focus on Few Programs
- Focus on two or three loyalty programs to maximize rewards.
- Learn how to earn and redeem points effectively within those programs.
Maximizing PC Optimum
- Barry Choi uses PC Optimum points for car washes at Esso, doubling their value.
- He highlights a Shoppers Drug Mart event offering extra value for points redemption.
Employee Benefits
- Consider employee engagement by allowing travel booking on personal cards for points.
- If using a corporate card, choose programs offering valuable points for the business.