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> I find it pretty damn rational to deliberately remove CONSUME MOAR incentives like points/miles/cash-back rewards from my life. Can you explain why is it rat
by jjav 3y ago
> I find it pretty damn rational to deliberately remove CONSUME MOAR incentives like points/miles/cash-back rewards from my life.
Can you explain why is it rational to willingly pay more for things when you could pay less?
I also wish we didn't have to play these games, but we don't get that choice. But we do have a choice to pay less (with a credit card) or pay more, so take the rational choice.
- avidphantasm 3y agoIt’s rational because you see these gamification schemes as distractions that trick you into bending over to pick up pennies off the ground while the banks pick your pockets. The credit card system is ludicrous. The payments system is a natural monopoly, so it should be operated as a public utility (e.g. FedNow I guess) with much lower fees for all. No more points, but lower prices and simplicity for all (especially for merchants).
- pingore 3y agoI think it’s certainly rational to not bother maximizing credit card rewards. However, it doesn’t seem rational to skip them entirely. One can capture most of the upside, with little thought, by using a cashback card across the board.
- jjav 3y ago> while the banks pick your pockets Can you expand on how is this happening? > The credit card system is ludicrous. We can call it ludicrous, I'm not going to disagree with you! But what are you doing about it? Being what it is right now, you can either pay and get nothing back, or pay the same and get something back. In the absence of me having any influence to change the system, I'll choose to get some money back.