hi jonathan,

Air Miles and AeroPlan are provided by different credit card companies. for example American Express does Air Miles, and I believe CIBC does AeroPlan.

Primarily the difference are you get different amounts of points with Air Miles and AeroPlan, and you can redeem them for different things. With Air Miles you can get gifts, travel, rental cars, train tickets and more. I believe that AeroPlan is strictly for airline tickets.

You can find the travel rewards a wiki page here:
http://www.canadian-money-advisor.ca/archives/2010/4/travel+credit+card+canada.html

hi..

i am confused with what's the difference between airmiles and aeroplan. i think both of them gives the card user points in which they can then redeem it with the rewards that the card offers.

Jean has added a bunch of information related to travel rewards credit cards here..

Please give me any suggestions for what type of information we can add to this wiki page page about travel rewards.

http://www.canadian-money-advisor.ca/archives/2010/4/travel+credit+card+canada.html

hi..

thanks for this article you have posted in this forum..

travel rewards cards are for individuals who uses their credit card for convenience.. what they usually do is get a rewards card then use it with their purchases or what ever transaction they are dealing with. they would then pay off the balance completely each month.

the card holder then gains rewards points in which they could then redeem these with different items such as flight tickets, hotel bookings, merchandises and gift certificates.

in this way, the card user is taking advantage not of the credits that is available in the credit card but on the points they will be able to collect. in addition, these points doesn't have any expiry which mean that the points that the card user have accumulated will never get lost or renewed back to zero except for some cases like what happened in the article posted where the airline company experienced bankruptcy.

thanks for the article again jean..

This is an article for Canadians who wasn't able to redeem their travel reward points. They are now looking for answers as to what they should have done and to what they must do in their next transactions to be able to avail the benefits of their credit card.

It's time to redeem myself in the travel points department

BY LISA MONFORTON, CALGARY HERALD JULY 3, 2010

It's taken me years to get wiser to the ways of the travel rewards. But not before being completely turned off about seven years ago when I'd finally accumulated a critical mass of points only to have them vanish when a certain Canadian airline went into bankruptcy protection.

It was back to a big fat zero in the rewards department when its point-collecting card became a casualty of its financial collapse. It wasn't until this past year that I finally got serious again about collecting points. I'm dutifully using my new credit card for all of my big purchases and I'm starting to see the points amount to something more than a movie ticket and popcorn.

According to a new Angus Reid study, I'm typical of most Canadians when it comes to collecting and redeeming reward points. The survey says 53 per cent of us collect points because we sincerely want to improve our travel experiences without having to pay more money for it. Still, less than 30 per cent of Canadians have actually ever booked a trip using travel rewards. The same poll says 84 per cent of Canadians would travel more often if they could use their points to do so.

Courtesy of: switching to a travel rewards credit card

Having a travel rewards credit card doesn't only allow you to tour around the globe, but it also allows you to be a part of conserving the world's resources. Read an article about this:

More Air Miles for power-conscious Ontarians

1 Jul 2010

In Canada, the Air Miles Rewards Programme has signed a partnership deal to run an energy conservation campaign with the Ontario Power Authority (OPA), which is responsible for ensuring a reliable, cost-effective and sustainable supply of electricity for Ontario. The OPA's 'Power Pledge' campaign promotes simple conservation actions that reduce electricity usage, save money, and help protect the environment.

Courtesy of: switching to a travel rewards credit card

hi..

that's right.. when you try to switch to a travel rewards credit card, make usre that you have weigh out the charges especially the interest charges.

charges of travel credit cards can really hurt a card holder once payments are not settled every month. it can be a serious problem for the card holder when the payable is beyond his/her capacity to pay..

so, before switching to a travel rewards credit card try to compare which card give you more benefits or suitable for your card usage.

is it really a good idea to switch to a travel rewards card? I say you should just pay off your credit cards and forget about it. It's like going to the casino. Most people think they're going to go in and win some money. Chances are however you lose your money, and the casinos going to make money off of you. How many casinos do you know that lose money?

a good amount of people are going to switch to a travel rewards card, with good intentions. But the credit card companies know that percentage of these people will pay interest on their balances every month. So it's profitable for them to offer these cards. Not to mention the annual fees service charges etc. Credit card companies are very smart businesses. I got the smartest people working for them and they know their business plan really well. They're there to make money, and they know how to get your money out of your pocket.

Do not get a travel rewards credit card unless you have sufficient funds in your account to always pay your credit cards off at the end of the month. If you're not sure they don't get the card. Better to be safe than spend thousands of dollars on interest at high interest rates. Most travel rewards credit cards are the highest interest rates possible.

This is an article about trying to claim the value of airline frequent flyer points used on a trip. But before that, there is more to know before this can be made possible. Read more to find out why.

Deducting airline points

Andy Wong

Guest columnist
Monday, June 28, 2010

In the stodgy world of taxation, this is as close to a flashy 'breaking news' piece as it gets. A recent tax court case ruled you can claim the value of airline frequent flyer points used on a trip.

Before you don your dancing shoes, here are the details.

In Johnson vs. The Queen, Tax Court of Canada, June 14, 2010, a taxpayer had redeemed 76,000 airline points to fly from Thunder Bay to Chicago for medical treatment in 2007. He paid $220 in airline taxes and fees and claimed $2,280 for his flight, representing an equivalent airfare at the time he filed his tax return.

Courtesy of: switching to a travel rewards credit card

Hi JeanKarla,
This has really nothing to do with credit cards.... it's more about Air Canada the national airline.