Our guest this episode is Barry Choi, the ultimate expert on all things credit card points and loyalty programs in Canada. You may also know him from his frequent TV appearances or his personal finance website www.moneywehave.com.
In this episode Dave asks Barry everything Canadians need to know about credit card points and loyalty programs including which programs offer the most lucrative sign-up bonuses, tips for how to maximize the value of your points, which card is best for travel and much, much more.
This is a highly informative episode and you’ll be sure to take away a few valuable tips by listening.
Show Notes
00:00 – Intro & Disclaimer
00:56 – Intro to Barry Choi
03:02 – Loyalty Programs and Data
06:35 – Learn a Few Programs Inside Out
08:51 – Transferring Points to Increase Value
10:47 – Credit Card Points as an Employee Benefit
12:04 – Tips to Maximize Points
14:39 – How to Optimize Points for Travel
17:12 – Which Credit Card is Right for You
18:56 – Sign-Up Bonuses
22:16 – Dave’s Reservations About Credit Cards
25:32 – High-Income Canadians with Credit-Card Balances
28:01 – Barry’s Spending
30:02 – When Barry Took His Family to Hong Kong
34:09 – American Express
37:37 – Dave Doesn't Use Airport Lounges
38:26 – Non-Point Benefits
41:20 – The Lifecycle of a Fintech Company
42:25 – Consumerism & Stuff
45:49 – Donating Loyalty Points
46:58 – Fraud with Loyalty Points
48:37 – Conclusion
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