E5: Credit card point hacking. Is it worth it? [ Show Notes]
Episode Description:
Today, most credit card issuers offer consumers points as an incentive to spend more. These points can be used to reduce or even eliminate costs of something you’ve got your eye on….but is it worth it? In this episode, we cover:
- What “points hacking” is and the pros and cons of gamifying your spending
- Whether rewards points are a reasonable way to lower your expenses
- The unique relationship between airlines and loyalty programs
- How to convert the value of any rewards currency to dollars
Mentioned in this episode
- NY Times: The percentage of Americans with credit card debt that still try to maximize rewards
- The true value of loyalty programs compared to core operations from airlines
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