Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Credit Cards

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.”

Read more
3
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,701
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). 
1
51hh51hh1,461 posts since
Jan 16, 2010
Rep Points: 6,351
Reply