4 ms·
That's a pretty strong claim. I condemn a lot of economic behaviors that prey on people who just aren't as good at reading legalese or terms and conditions. Ban
by hyperpape 11y ago
That's a pretty strong claim. I condemn a lot of economic behaviors that prey on people who just aren't as good at reading legalese or terms and conditions. Banks reordering deposits and then charging overdraft fees that are far above their actual costs is one example, or contracts with hard to understand add-ons are another.
I don't think this behavior is at all like those shenanigans though. Companies that offer frequent flyer miles spend plenty of time trying to offer the maximum apparent benefit while limiting the ways they actually pay out. It's a game where they're often trying to screw you. Screwing them in return (without violating the law or even their own terms) seems fine.
If they had a simple system with decent (or even bad but predictable) rewards, like x miles per dollar spent, none of this would even be an issue. But they see an angle from a more complicated system. Sometimes it works for them, sometimes they pay more than they expected.
- Strom 11y agolike x miles per dollar spent Sounds simple? Well it isn't, and it has already been tried. The exploiters will spend a lot of money - on buying money. They will buy gift cards and other such things which can easily be converted back to cash. These kinds of marketing exploits happen everywhere. I remember a nice local event where a mobile carrier offered pre-paid SIM cards at a great discount. People hoarded all these discounted SIMs immediately. Used them to transfer money to some web services (some services offer pay-by-mobile, where the charge is added to your mobile bill). Then proceeded to withdraw the money to their bank accounts. A pretty nifty way to make money.