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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Credit card points should be illegal and cc fees should be capped at a low percentage.[/quote]
Why should points be illegal?[/quote]

Points should be illegal and I don't understand why so many people use them. For one thing, there is no guarantee that they will hold their value. My bank just sent me a letter saying that points are now worth $200 per 20,000 instead of $250, or something similar. When the bank (or airline!) can arbitrarily change their value, it puts the consumer at risk and allows the bank to encourage people to use their card with the promise of a certain amount of return but not give that return. [/quote]

That’s why the name of the game is “earn and burn!” There is a fairly high barrier to entry in the points game in the form of knowledge and understanding of the way it all works and how to maximize value. It’s like planning a trip to Disney World. It takes a lot of time to maximize it. I would consider myself intermediate/advanced at both, but it’s essentially a part-time job, with the amount of time I spend on points redemption and travel planning. I save a ton of money and we do take awesome trips though. But I consider it fun and I don’t really have other hobbies.[/quote]

I hate that my banking and travel has become so gamified. I wish we could just pay what things are worth. [/quote]

I’m the pp and I actually agree with you. But it bothered me so much knowing that others were getting these great deals on trips, so I decided I couldn’t beat them so I would join them. But I’d rather it just not exist. [/quote]

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