The holidays are a time when millions of Americans travel to spend time with family and friends or splurge on a gift for a loved one — and many cash in on the credit card rewards they’ve earned all…
I hear you. But I think it’s one of those things where it needs to be a regulatory or legislation change. If this is all permissible, I don’t think there is really a moral choice for the consumer to make in choosing to use a rewards generating credit card or other electronic payment option. I think the consumer in this scenario is only making the rational choice to maximize individual ends if these are the rules of the system, because regardless of what they do they are paying for it.
Agreed. I thought it would be evident by the fact that I admitted to using these programs myself that I’m not blaming consumers for using them.
That said, we do need to call out people who defend the credit card reward system, even if they do so out of ignorance. Otherwise, regulatory change is impossible.
I hear you. But I think it’s one of those things where it needs to be a regulatory or legislation change. If this is all permissible, I don’t think there is really a moral choice for the consumer to make in choosing to use a rewards generating credit card or other electronic payment option. I think the consumer in this scenario is only making the rational choice to maximize individual ends if these are the rules of the system, because regardless of what they do they are paying for it.
Agreed. I thought it would be evident by the fact that I admitted to using these programs myself that I’m not blaming consumers for using them.
That said, we do need to call out people who defend the credit card reward system, even if they do so out of ignorance. Otherwise, regulatory change is impossible.