I earn about 50% of my miles from credit cards (sign-up bonuses, everyday spending, etc.), 40% from actual flying, and finally 10% from the occasional mileage purchases and other related promotions. Since credit cards account for half of all of my miles, I figured I would share my credit card strategy. Keep in mind that I am in no way a financial adviser – this is simply what I do to earn my miles… so proceed at your own risk 🙂

A couple of months ago I shared which credit cards I have open, here is an updated list:

Airline Credit Cards:

  • Miles & More® Premier World MasterCard®
  • United MileagePlus® Explorer Card
  • Citi® / AAdvantage® Platinum Select® MasterCard®

Hotel Credit Cards:

  • IHG® Rewards Club Select Credit Card
  • The Starwood Preferred Guest® Credit Card from American Express
  • Club Carlsonâ„  Premier Rewards Visa Signature® Card

Transferable/Flexible points Credit Cards:

  • Chase Freedom® Card
  • Chase Sapphire Preferred® Card
  • Platinum Card® from American Express
  • Premier Rewards Gold Card from American Express
  • Amex EveryDay® Credit Card

Other Credit Cards:

  • Discover it® Miles

I also shared My Primary Credit Cards and why I have each card open. So.. I have X number of credit cards currently open and most of them have been opened during the past year and will be cancelled once the annual fee comes up (unless I can get bonus points or a fee waiver). The credit cards that I keep each year and pay the annual fee (whether or not I get bonus points or a waiver) are:

  • Miles & More® Premier World MasterCard® (no annual fee because I am an elite member with Miles & More)
  • The Starwood Preferred Guest® Credit Card from American Express
  • Club Carlsonâ„  Premier Rewards Visa Signature® Card
  • Chase Sapphire Preferred® Card
  • Premier Rewards Gold Card from American Express

I use some of these cards daily basis and most of them are in my wallet. My Barclaycard Miles & More MasterCard is my most used credit card mainly because Lufthansa Miles & More miles are the most valuable to me because I can use them to book Lufthansa First Class months in advance AND since I’m a Miles & More elite, I have more access to award space with Lufthansa AND I can also book SWISS First Class using miles (something that regular Miles & More members and Frequent Travellers can’t do). So I use my Miles & More credit card for most everyday spend.

For other everyday spend (gas, groceries, etc.), I use cards that give a bonus to each category, so here are the other cards that I use on a daily basis for other everyday spend:

Premier Rewards Gold Card from American Express: Groceries, Gas, non-Miles & More integrated airlines tickets.

Amex EveryDay® Credit Card: Groceries (up to the 20 transactions per month, then groceries on the Premier Rewards Gold)

Chase Sapphire Preferred® Card: Dining, Travel (non-airline tickets only)

Miles & More® Premier World MasterCard®: Everything else in the U.S. and most things outside of the U.S.

Keep in mind that Barclaycard is currently offering a promotion whereby if you use your Miles & More credit card, you can earn bonus miles by spending on certain categories – so I’m using that card the most at this moment and have left some other cards out from my wallet.

What’s your credit card strategy?