Incentivize Paperless Statement/Communications

For just about anything you want to get off your chest about credit cards.
6 posts
Rory
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Incentivize Paperless Statement/Communications

Postby Rory » Sat Dec 01, 2012 6:43 pm

Why is it that we are able to save our CC companies a decent sum of money by going paperless, yet they wont give us any incentive to do so?

I, personally, get about 1/2 of my statements mailed and would ABSOLUTELY go paperless if the companies would offer me some sort of incentive.

Its really quite obvious if you think about it, they already give you up to 5% back in certain categories for just using your card. Thats out of their pocket and cuts down on their profits. Not only does it save them money via shipping, but they could also finally stop sending those "Go Paperless" flyers in every one of my statements, which probably add up to a sizable amount when sent to hundreds of thousands, if not millions, of people.

I understand that, for some, it would not be preferable and others aren't able to connect to the internet (some of our grandparents/parents perhaps). Yet, this would be a small amount of people and given a relatively appropriate incentive could mean that >1% get physical statements. That would be a huge savings for the CC companies.

What are your thoughts? What would you offer to get people to switch?
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
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just as long as the ending is just as good :cool:


Ratfacedudeguy
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Postby Ratfacedudeguy » Sat Dec 01, 2012 8:18 pm

Some banks like Citi and GECRB offer small rewards incentives for going paperless. I'd like to see other issuers hop on the bandwagon, but I'm all paperless anyway because I can't stand my ever-growing shred bag that I keep forgetting to bring to work as is.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

cashback
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Postby cashback » Sat Dec 01, 2012 8:45 pm

My wife's student loan company takes off .25% from her APR for going paperless. It is nice to get something for doing it, but most people prefer paperless anyways, even without incentive. It will probably become mandatory someday.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

MemberSince99
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Postby MemberSince99 » Sat Dec 01, 2012 8:45 pm

Some companies do. However, there are incentives to do it anyway. First you save the planet. Not that all of us care about that. Second, your statement may get lost in the mail and you don't get it, or worse someone other than you gets it. Then what are you going to do with your statement after you read it? Keep it around forever, with it being a security risk? Burn it in your fireplace? Then it's gone. With online you can go and print a copy whenever you want or need to but it's not sitting around somewhere when you don't need it.

So there are reasons why it's smart even if they don't pay you to do it. Some actually do kick you back things though. Entirely up to you. But when you are already getting 5% cash back on your purchases, how much do you want to bleed them dry? I mean think about it - your card covers you for fraud, and you get purchase protection and other perks, no annual fee, they give you 5% back to use it, and you wanna get paid to go paperless on top of that?

jeffysdad
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Postby jeffysdad » Sun Dec 02, 2012 6:20 am

I'd prefer to receive my phone and Internet/TV bill electronically, but I hate AT&T and want them to suffer the cost of sending me paper bills for each every month. Suffer, AT&T. All my other stuff is paperless.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

hematino
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Postby hematino » Sun Dec 02, 2012 8:23 pm

jeffysdad wrote:I'd prefer to receive my phone and Internet/TV bill electronically, but I hate AT&T and want them to suffer the cost of sending me paper bills for each every month. Suffer, AT&T. All my other stuff is paperless.


LOL, funny thing you say that Jeffysday. I hate AT&T too and I use them for cell and internet (separate accounts but both under my name), and I make them send me paper bills despite constant harassment about going paperless for the same reason. On my last cell phone bill though they did offer me a one time $10 statement credit in return for going paperless. I was thinking "Hah, you're gonna have to do better than that, AT&T!!"
Now she's eyeless.
The snakes she held once
Eat up her hands.



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