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Credit Card Rewards Programs - Confusion And Risks Of Point Value Dilution

Thursday, August 22, 2013 - 3:47 PM
From MarketWatch
“The redemption process is typically opaque on the front end and that is where banks can dilute the value of points and miles and gouge the consumer.”

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Thursday, August 22, 2013 - 6:20 PM
"The worst offenders on this front were American Express /quotes/zigman/217470/quotes/nls/axp AXP +0.57% and Barclays Capital, with respective average scores of 78.33% and 73.3% for clarity." 

American Express is actually one of the most generous credit card issuers; with 6% cash back on suppermarket purchases (Blue Cash Preferred) and 5% cashback on everyday purchases (Blue Cash). 
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427