Friday, June 26, 2015

Ontario Students can now use Aeroplan points to pay off student debt!

A blog post was sent out to me in an e-mail which talks about how Ontario students can now use Aeroplan points to pay off their student debt in denominations of $250 by redeeming 35,000 points.

The author looks at this opportunity rather myopically because he assumes that these points need to be earned by personally spending money on a personal credit card.

I think this is another reason why young graduates should consider self-employment. By funneling all business spending through an Aeroplan credit card, an Ontario small business owner could pay an extra $250 on their student debt EACH MONTH!

This could drastically reduce a person's student debt by years.

For more ways to use credit cards to achieve strategic business goals, read my book Credit Card Advantage.