You can’t destroy demand when Americans are completely comfortable with and addicted to credit. https://video.nostr.build/856dfab5775bfe6045bc6f685961c341153cec11ccac0ebeb0fd5c510cb52233.mov
Like Matt said this is just #churning for sign up bonuses/miles.
Show me an incentive and I’ll show you an outcome.
Most sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year.
They do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc)
I haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..
Show me an incentive and I’ll show you an outcome.
Most sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year.
They do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc)
I haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..
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