‘The Game Is Rigged’ Says Kevin O’Leary On Credit Card Points. He Claims They’re Inflating Faster Than The Dollar And Always Cashes Out Fast

Kevin O’LairThe entrepreneur and the investor, known as the “shark tank”, shared his thoughts on loyalty programs, describing them as a loser game for consumers.

“Loyalty programs. Don’t fall for the hippy. Points blow faster than the dollar “- O’Laine wrote in x recently.

According to the same post, he shared a video in which he developed in detail. “Loyalty Schemes and Point Systems. Useless, worthless, “he said. “Inflation in the airlines is absurd. Just look at what you have 12 months ago, what you get now. “

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O’Leary claims that loyalty scores that many consumers accumulate in hopes of earnings Free flights or other rewardshave lost considerable value over time. “People think, Oh I’m going to collect loyalty points. I’m going to fly to Hawaii.

Instead of acquiring points, O’Leary’s strategy is that the cash is as soon as possible, using any occasion for any occasion. He suggests using them for goods and services, as in Amazon (NASDAQ.Amzn) to avoid the inflation cycle of the item.

“I register for each loyalty program, each, any retailer, and I blow them the second, which I get them,” he said. “If you are sharp consumers, you can save about two and a half percentage of your entire costs every month, just playing the game correctly.

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This approach contrasts to try a more traditional strategy Maximize Credit Card Rewards Over time, which can be effective, but requires financial discipline, strong credit and careful organization.