What's the Catch With Credit Card Points?

What's the Catch With Credit Card Points? | What's The Catch

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Күн бұрын

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What's the Catch With Credit Card Points
Credit card points have become increasingly popular among consumers looking to earn rewards for their purchases. However, it's important to understand the hidden mechanisms behind these attractive perks. As we mentioned earlier, credit card companies make a lot of money from credit card points, from selling your data to charging businesses for every swipe. So, while credit card points may seem like a great way to earn free benefits, it's important to be aware of the catch and who really pays for these rewards.
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What’s the Catch is a collaboration series between The Hustle and Slidebean. We explore the nuances behind the most popular business and financial trends.
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Пікірлер: 7

@CindyMeitle 5 ай бұрын

You're the most impressive person I've watched and listened to on the internet in YEARS. You speak clearly, and your delivery is upbeat and natural. There's a TV talk show in your future years from now. Trust me on this.

@ronaldfranke9225 5 күн бұрын

So correct! Pay off your credit card EVERY month. Treat it like a debit card; if you don't see the money in the bank, don't buy stuff. However, if you do pay off your credit card every month you get real points that really work to go wherever their rules say you can go. Furthermore, you have money during that month-long grace period to invest and make more money while the bank processes your charges.

@andylutz 5 ай бұрын

2:28 - I didn't know the credit card surcharges were illegal - I've been seeing 3%-5% CC surcharges pop up on my receipts here in the U.S. lately, and it's quite frustrating

@cougarss09 5 ай бұрын

True, if you pay with cash you may leave "points on the table", but have you thought about the money erosion principle?

@intercityrailpal 5 ай бұрын

I have gotten money back pointing out I pay with cash! And many places now are getting wise and have TWO PRICES ON THE MENU! Ask for those cash discounts. I saved to buy a new furnace in my house. I knew it would quit someday. I offered to pay cash I GOT 800 dollars off a 10,000 dollar HVAC SYSTEM!! You must ask, these perks like cheaper gasoline per gallon must be asked for. They are not advertised. Plus I just got my 3 dollar bank charge back from a restaurant I ate at with that packaged price. If you hate the bank, stop giving them money!