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We have drugstore/grocery store/ airline/ gas station/ home improvemetn store category cashback promotion.. But why there's never promotion for medical expense? Since most times we visit doctor, there's co-pay.
What's the rationale behind this? Thank you.
@w20031424 wrote:We have drugstore/grocery store/ airline/ gas station/ home improvemetn store category cashback promotion.. But why there's never promotion for medical expense? Since most times we visit doctor, there's co-pay.
What's the rationale behind this? Thank you.
Isn't it obvious? Unless you're in poor health or you have a chronic medical condition that requires constant attention, that's a pretty useless category. I don't know about you, but I see a doctor maybe once a year. Barring anything bad happening, I spend more on gas in a week than I do on yearly medical expenses.
Plus, that's just weird and probably not very marketable.
Because the demand for medical services is relatively inelastic. If you're sick or injured, you're going to go to the doctor regardless of the promotional categories on your Freedom card.
Although... with some of the people on this board I wouldn't be surprised if they put off starting chemo for treatment on their stage 4 cancer in order to take advantage of a 5% bonus category later in the year.
And saving on medical expenses is usually done in other ways, such as using a Flexible Spending Account, or looking for a better medical insurance plan, or a supplimental plan, etc.
@bribro wrote:Because the demand for medical services is relatively inelastic. If you're sick or injured, you're going to go to the doctor regardless of the promotional categories on your Freedom card.
Although... with some of the people on this board I wouldn't be surprised if they put off starting chemo for treatment on their stage 4 cancer in order to take advantage of a 5% bonus category later in the year.
I get 2% back on medical expenses with my priceline.com card. Thanks William Shattner!!!
Now offering the Amex Super-Green card: 5% cash back on your medical marijuana purchases!
@bribro wrote:Because the demand for medical services is relatively inelastic. If you're sick or injured, you're going to go to the doctor regardless of the promotional categories on your Freedom card.
Although... with some of the people on this board I wouldn't be surprised if they put off starting chemo for treatment on their stage 4 cancer in order to take advantage of a 5% bonus category later in the year.
This is exactly it - because they don't have to.
@bribro wrote:Because the demand for medical services is relatively inelastic. If you're sick or injured, you're going to go to the doctor regardless of the promotional categories on your Freedom card.
Although... with some of the people on this board I wouldn't be surprised if they put off starting chemo for treatment on their stage 4 cancer in order to take advantage of a 5% bonus category later in the year.
I mean a "fixed" bonus, not a promotional one. Like BCP gives you 6 points per dollar spent on grocery store.
Do people really shop more in grocery store because of their BCP? Not really, but they use their BCP more. People's spending pattern on grocery store doesn't change merely because of what CC they got, and the same applies to medical expense.
If some CC gives 2% or 2.2% cashback on medical expense, maybe a lot of people will try to get one? I'm still not sure about that.