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Pay in cash, and the retailer gets the resources, not a third party. Long-term, this should be good for you both. Rewards points are a sign of inefficiency.
by ISL 14y ago
Pay in cash, and the retailer gets the resources, not a third party. Long-term, this should be good for you both.
Rewards points are a sign of inefficiency.
- w1ntermute 14y ago> Pay in cash, and the retailer gets the resources? Huh? The retailer is paid the same amount (sans the transaction fee) either way. The cashback incentive is to get people in debt.
- crdoconnor 14y agoThe cashback incentives are usually roughly equal to the transaction fees.
- seanmcdirmid 14y agoCashbacks incentives don't exist in China anyways, I believe. Its mostly a crazy American thing.
- eru 14y agoSingapore also has the cashback and bonus points on credit cards.
- snuze 14y agoWhen reward points are being offered, you are being inefficient with your money if you do not take advantage of them when everyone else does. I agree that they shouldn't exist in the first place, but that is out of my control.