Quote:
Originally Posted by Amnorix
The banks are getting killed on credit card rebate/rewards programs. The idea is to give folks an incentive period of extra rewards (6 months or whatever) and then the customer stays on. Instead, they hop over to the next very generous program, one from the other, over and over.
As a result, banks are starting to pare back on the programs.
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I mean I know about churning but they'd already put the kibosh on those types of account holders by looking at their prior applications.
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