tag:blogger.com,1999:blog-5465015914589377788.post603530058613647134..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Loyalty Points BattlesMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-29022786301789148222016-11-28T19:07:37.503-05:002016-11-28T19:07:37.503-05:00@Mark: There's a lot of truth in what you say...@Mark: There's a lot of truth in what you say. However, the financial negatives aren't spread equally among us. For example, I don't even think about whether I'm receiving points when I'm deciding whether I have to make a purchase. Points represent a small amount of bonus cash I made no plan for. At the other extreme are shopaholics who use collecting points as an excuse to buy crap they don't need. They waste money on the crap, waste money on credit card interest, and get back some points. Yet these same people get excited when they get some "free" item with their points.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-42932091114679197212016-11-28T18:34:17.675-05:002016-11-28T18:34:17.675-05:00I always see these arguments as this - the more po...I always see these arguments as this - the more points you have means the more money you spent in getting them. It's a good cycle for businesses but bad for the consumer.<br /><br />MarkMy Own Advisorhttp://www.myownadvisor.canoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-13855256158655333072016-11-28T17:17:32.175-05:002016-11-28T17:17:32.175-05:00@Robb: The most important part of the difference ...@Robb: The most important part of the difference here is the "instant" part. Any points held for a long time are subject to risk.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-32972531189731797232016-11-28T16:24:38.227-05:002016-11-28T16:24:38.227-05:00Hi Michael, thanks for the link. Despite all of th...Hi Michael, thanks for the link. Despite all of the flack I've given Air Miles, I actually think their Cash Miles reward system is pretty good. As you said, you get a bit less value (10.5 cents per mile instead of 13-15 cents on the travel side) but the rewards are instant and often for more useful items such as groceries and gas, rather than travel and merchandise, which have higher perceived value until you actually try to redeem your miles.Robb Engenhttps://www.blogger.com/profile/15407037246871878906noreply@blogger.com