Asked on 02 Apr 2019
Never spend more than you otherwise would. The miles game is a way of not leaving money on the table, not putting more money down
Get GIRO arrangements to service all your cards
Read T&C carefully. A 5 minute investment in this can reap tons of dividends down the road
Don't use one card for everything. That's the guaranteed slow lane for miles ( https://milelion.com/2019/10/21/why-cant-i-just-use-one-credit-card-for-everything/ )
Cancel any cards you're not currently using so you can reset your "new to bank" status. after 1 year (some banks may be 6 months), you'll be eligible for new sign up gifts and bonuses
Read the T&C, take note of the exclusions. Do up an excel sheet of the miles card you have, and what category will you use it for, their current promos and mpd. That way you wouldn't be too lost to figure out which card to use. Only spend when you need to, i.e time your card with big purchases.
Mileslion is your website to book mark.
its one link that opened my eyes (after i met him at a seedly event for mile lion)
I thinks pretty obvious that Aaron has the best summary here.
However, only point I would like to add is, Keep track of miles which have expiry on the card - you dont want to do all the efforts and let the miles expire for no reason
Never spend more than you should- the miles reward should be tailored to your expenses not the other way around
Always utilise the sign up prmotion for airmiles first. Examples are like Krisflyer Amex card.
Do take note some credit cards have expiry to their airmiles rewards
I found this article (https://milelion.com/2019/09/21/miles-game-starter-pack-four-credit-cards-you-need-to-get-going/) useful as to the different types of cards available to maximise all possible miles so hope it's useful for you too. Not to further confuse the mix with more options, but the idea is not to be restricted to just one single card when maximising the miles earned.
But most importantly, do not be compelled to spend more in order to accumulate more miles.
Spend when you need to - don't spend just for the sake of clocking up the miles
Understand your spending pattern, what do you spend on - nothing everything is worth clocking to the miles card
Read the TnC well - nothing every spending is an eligible transaction!
Firstly, understand your cashflow. Through this process, we will be able to understand your spending habit. Here is some information to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/
From there, plan your expenses properly and know whether there are huge expenses that will be coming up. Thereupon, sign up for a credit card and take full advantage of its bonus miles.
Continue to review your cashflow on a monthly basis to ensure that you do not overspend.
Remember, do not spend money for the sake of accumulating miles!
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Always check terms and conditions. The miles may require a minimum before you can convert or they may expire before you even have sufficient to convert.