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High end stores in rewards mall

Senior Contributor

Re: High end stores in rewards mall

It's not that wealthy people don't care about cash back, it's that it's unnecessary for the store to offer an additional incentive to drive sales.  If Amex is offering MR points through a rewards mall, or Chase offering UR points, etc., Louis Vuitton is paying for those points.  They don't think they need to do that to drive incremental sales. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 11 of 15
Established Contributor

Re: High end stores in rewards mall


youngandcreditwrthy wrote:
Even wealthy people like cash back too! In fact, wealthier people use credit more than the avg American as a "financial too"! Lol

I'm surprised that wealthy people wouldn't go wild for cashback.  Most wealthy people I know are incredibly cheap -- which is how they remain wealthy. Smiley LOL


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Goal Score: 800

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Message 12 of 15
Valued Contributor

Re: High end stores in rewards mall

Im guessin its the same reason they dont have an option for coupon code lol
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Message 13 of 15
Established Contributor

Re: High end stores in rewards mall


youngandcreditwrthy wrote:
Even wealthy people like cash back too! In fact, wealthier people use credit more than the avg American as a "financial too"! Lol

+1

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 14 of 15
Established Contributor

Re: High end stores in rewards mall


lithium78 wrote:

youngandcreditwrthy wrote:
Even wealthy people like cash back too! In fact, wealthier people use credit more than the avg American as a "financial too"! Lol

I'm surprised that wealthy people wouldn't go wild for cashback.  Most wealthy people I know are incredibly cheap -- which is how they remain wealthy. Smiley LOL


+1000

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 15 of 15