MemberSince99 wrote:Makes me wonder when they will nerf that too.
I think Rewards will over time go the way of the dinosaur. The merchants will charge us a fee to use the card, we'll get no rewards, and basically we get to pay a fee to buy something (in addition to whatever taxes are on it). That will be enough to make me consider going back to cash. Then they'll probably charge us a "convenience fee" to pay in cash too. Why not just be honest and slap a "greed fee" on it while we are at it - no one would squawk much about say 3% for that would they?
There is already a "convenience fee" built into the price of all consumer goods and services. The ease of use that comes with plastic, combined with what amounts to a rebate of that fee for people with good credit and income, gets consumers spending more than they would with cash.
Rewards won't go away, and neither will the TV for $999.99. Just mark the item up 2%, let people collect 3% rewards for purchasing it and they feel great about the whole thing like they just got whatever it was at a real sale price.