Travelling first-class on a plane, sipping on champagne and munching on caviar might sound like something out of a movie that you would never be cast in or your average Tuesday night dream.
But one Canadian student made this seemingly impossible feat a reality through a genius idea that didn't cost him one red cent.
Capitalizing on the Royal Canadian Mint program, 24-year-old Avery Campbell, a law student from Montreal, raked up enough travel rewards points to score first-class tickets to renowned resorts and hot vacation spots around the world.
This McGill University student mastered a system called "manufactured spending," and so can you.
If you're unfamiliar with this technique, manufactured spending refers to using your credit card to buy things that you don't need or perhaps don't want, just for the sake of collecting the travel reward points offered through your credit card (side note: not all credit cards offer travel reward points, so check your card's conditions before you attempt a plan like this).
But Campbell took manufactured spending a step further by using his credit card to purchase cash (or more accurately, coins) at the Royal Canadian Mint.
And with the Royal Canadian Mint's "Face Value Program," you don't have to bother with purchasing nickels and dimes. Purchasers can buy a $20 coin (so cool!) for $20, a $100 coin for $100, and so on. And although the coins aren't circulated, they are valid legal tender, so they can technically be deposited into your bank to pay off your credit card.
With this little bit of extra effort of purchasing coin that can be later used to pay off your credit card charges, Campbell has been able to travel the world for free, visiting places like Hong Kong and Easter Island.
But before you plan to charge $10,000 to your credit card at the Mint for the travel rewards, there is a household maximum in effect that attempts to limit schemes such as Campbell's.