Churning Credit Cards in Canada

Prince of Travel




About Ricky
Ricky’s love for travelling and learning more about the world is unbounded. He’s on a mission to document and understand every square inch of the globe, and travelling on points will be an essential tool along his journey.

Read More >

Welcome! If you're reading this, you're probably wondering what "churning" credit cards is all about, and how you can use it to travel the world for almost free.

In fact, this website, Prince of Travel, is all about helping Canadians achieve exactly this: see more of the world, often in business class or First Class, at a fraction of the cost.

Churning credit cards is one piece of the puzzle, and it requires thinking about loyalty programs in a different way. You might be used to thinking about credit card rewards in terms of how much you get back on your daily spending. Instead, churners focus on maximizing the initial signup bonuses and moving through cycles of opening and closing credit cards.

There are some credit cards in the marketplace that offer huge signup bonuses, such as:

  • The American Express Business Gold Card, which offers 40,000 Membership Rewards points after spending $5,000 in the first three months. The first year annual fee is waived.
  • The American Express Platinum Card, which offers 60,000 Membership Rewards points after spending $3,000 in the first three months. Taking into account the card's annual travel credit, the effective first year annual fee is $299.
  • The MBNA Alaska Airlines MasterCard, which offers 25,000 Alaska miles after spending $1,000 in the first three months. Taking into account a cashback offer, the first year annual fee is $15.

Churning credit cards in Canada involves opening these cards, obtaining the signup bonus after meeting the spending requirement, and then closing the card before the first year is up. You then use these points to book incredible travel around

Here's the caveat: while the idea behind churning credit cards is simple, carrying it out requires some legwork and research on your part. You'll want to do some required reading:

  • Miles & Points Intro – The intro series to everything there is to know about Miles & Points, including a rundown of both earning and redeeming points
  • All About Credit Scores – You want to brush up on the basics of your credit score, so that you can do this while responsibly and avoid getting yourself into financial trouble
  • How to Meet Spending Requirements – Don't let those high spending requirements deter you from nabbing the juiciest signup bonuses; there are many tips and tricks to help you meet the spending
  • Can You Get Repeat Signup Bonuses? – A rundown of the major Canadian financial institutions in terms of whether you're allowed to get the same signup bonus over and over again

Feel free to have a look around the site so you can start learning the tricks of the trade and achieving your upcoming travel goals. Churning credit cards and travelling on points is one of the most fruitful and enjoyable things you can do if you'd like to see more of the world but don't want to pay full price.

And if you have any questions, feel free to reach out to me via my contact form or via Instagram, Facebook, or Twitter.

Happy travels!
Ricky