RE: Rewards Points, Loyalty Programs, Rate of Return On Spending

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I don't tend to buy things from merchants because of their loyalty programs. However, I do sign up for them and use them because I figure that I'm leaving money on the table. People who don't sign up pay 2% more to my thinking.

I do find the credit card rewards, in combination with merchant rewards more compelling. I was big into AMEX rewards. However, I started seeing the limitations where I could spend them. They usually are good for more expensive hotels, car rentals, or airlines. Now, I've gone more towards cash back cards, which added to merchant loyalty programs, coupons, or promo codes can offer significant savings. Plus, I'm not locked in to buying specific products at inflated prices.

Cash back rewards are redeemed by lowering my balances or sweeping them into the Crypto.com debit card, which itself pays 3% cash back in CRO token.

These are small percentages. But, a 1% management fee on your investment portfolio can be a massive drain on your long-term gains, if you run the numbers. Similarly, I see these small savings as a long-term play. Over time, 2% becomes real money.

Posted Using LeoFinance Beta



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