 Hello everyone this is financial author Amit Dan of amitdan.com on this channel you'll find financial travel and more videos just like the one you're watching right now. If you like what you see please give me the thumbs up and consider subscribing. Hello everyone this is Amitdan of amitdan.com today I'll talk about how I accumulated more than 50,000 airplane miles within two months and for the rest of the video I'll take you to my laptop screen. However if you're wondering why I look like this because this is not my regular camera. I'm videoing this with my tiny action camera called Q-plus in putting audio and that's why I look different than my other camera and I'll do a separate video unboxing this camera and review. However you're looking at the sample clip right now because this is the first time I'm recording with this camera and I'll see how it looks like once I'm done with this recording. But for now let's go to my laptop screen and from where I'll show you how I accumulated more than 50,000 airplane miles within two months and if you're new here please subscribe. There'll be more videos coming up so I do financial travel and more videos just like the one you're watching right now. Thank you for watching and let's go back to the next part of the video. Hello everyone you're looking at my actual airplane account screen and I'm going to show you how I accumulated more than 50,000 miles for two months so if you look on the top which is right here then it shows that miles accumulated from February to March is 52,503 miles so actually it's more than 50,000 but just to make things simple I'll mention that it is 50,000. So now I signed up for two crate cars before February so one of them was the American Express airplane class gold crate herd and the other one was CIBC air gold visa infinite card. Both of these two cars has a sign-up bonus of 15,000s airplane miles CIBC had actually no spend requirement to get the 15,000 miles once you are approved you just make a purchase anything or whatever and you look at the 15,000 bonus miles and for American Express airplane class gold crate herd there was a requirement to spend I believe $1,000 which was you had to spend $1,000 to get the 15,000 miles so here you are looking at my CIBC bonus miles which is 15,000 miles right here and then here you're looking at my airplane plus bonus which is 15,000 miles right there and then I had a big chunk of miles coming in which is right here transfer of miles and you can see that 18,236 miles I received from one of my friends so what it is that CIBC let you allow to transfer miles from your friends or family members but the catch is that you have to pay two cents per mile or each mile to do the transfer so basically basically even if you're buying transferring from your friend or family you're actually it's kind of buying miles for two cents per mile now some of you may say that this is an expensive ratio two cents per mile is not a good deal but I would say that this is a very good deal even if you're paying two cents a mile to get miles transferred over to you from someone else the reason is that I'll be spending these miles to fly business class and my extraction rate is going to be here easily at five cents or even more it could be seven cents or ten cents per mile based on where I go and which airlines I fly so although I'm spending two cents per mile right here but it shouldn't it wouldn't bother me because my extract ratio is going to be much higher so whenever buying miles or spending a little bit to get accumulate miles makes sense I do that because I just make sure that what my return is higher than my spending so that's the way you can get the most out of it now with 50 000 miles you can have a business class flight from Toronto or North America to Europe depending on where you go which flight you take when you fly easily I value that flight somewhere between I would say about two thousand to five thousand dollars so basically I accumulated these miles in just two two months and I can easily have a business class flight to Europe one way or I can come back from Europe to Toronto business class one way now if you just throw in another 25 000 miles here so it's going to be 75 000 miles and then with 75 000 miles you can fly from Toronto or North America to Asia business class which is a long flight and having business class flight makes sense because you're going to have your bed in the sky and you're going to have all sorts of facilities so on my channel I do have business class reviews for the flights I have done in the past if you haven't subscribed already or if you haven't looked at them already please subscribe and look at them and on this channel you'll find informational video just like the one you're watching right now and I have also videos on business class flights and travel videos and all sorts of different kinds of videos so thank you for watching if you like what you see please give it a thumbs up and I will see you shortly because there will be more videos coming up thank you