Thursday, 26 November 2020

Wrangling rewards points so you don’t lose them

Wrangling rewards points so you don’t lose them
28 Aug
2:12

IN THE AREA GUYS? >> THANK YOU, JENNIFER

CHANCES ARE YOU'RE PART OF A REWARD PROGRAM, WHETHER IT'S AIRLINE MILES, HOTEL STAYS OR CREDIT CARD POINTS >> PLAINTIFF CARD OUT THERE NEW DATA SHOWS THAT AMERICANS ARE ACTUALLY HOLDING ONTO THOSE POINTS, BUT IS IT THE RIGHT CHOICE? CONSUMER EXPERT AMY DAVIS IS HERE WITH HOW THAT COULD ACTUALLY COST US MONEY >> THIS IS MY TEACHING, GUYS I'VE GOT CARDS ON HERE FOR STORES THAT CLOSED YEARS AGO

NOT ANYMORE AND OTHERS IN MY WALLET FOR POINTS THAT WILL EXPIRE BEFORE I EVER USE THEM SO, IF YOU'RE LIKE ME, THIS IS A GOOD REMINDER THAT IT'S TIME TO CLEAN UP AND USE ALL OF THOSE PERKS AND POINTS YOU'VE EARNED BEFORE YOU LOSE THEM WE MAY NOT ALWAYS BE GOOD AT SAVING, BUT WHEN IT COMES TO REWARD POINTS, AMERICANS ARE STOCKING UP >> THEY'RE HANGING ONTO ABOUT 200 BILLION TOTAL >> Reporter: WE'RE ALSO PARTICIPATING IN MORE REWARDS PROGRAMS THAN EVER BEFORE, ABOUT 29 ON AVERAGE

>> BUT WE'RE REALLY ONLY ACTIVE IN ABOUT A DOZEN OF THOSE >> Reporter: PERKS LIKE FREE WIFI LURE US INTO SIGNING UP, BUT THEN YOU'VE PROBABLY FORGOTTEN THAT YOU HAVE THEM UNLIKE SAVING MONEY IN YOUR BANK, IT DOESN'T ALWAYS PAY TO LET THOSE POINTS STAND IDLE PROGRAMS CAN CHANGE TERMS TO MAKE POINTS LESS VALUABLE OR EVEN EXPIRE >> REASSESS YOUR STRATEGY

>> Reporter: STEP ONE, GO THROUGH YOUR eMAIL, WALLET AND KEY CHAIN AND TAKE STOCK OF ALL OF YOUR LOYALTY PROGRAMS APPS CAN ALSO HELP KEEP THEM IN ONE SPOT NEXT, ASSESS WHICH ONES FIT YOUR LIFE-STYLE AND PICK JUST A FEW TO FOCUS ON >> HOW OFTEN ARE YOU GOING TO BE SPENDING MONEY IN THAT CATEGORY WHERE YOU CAN EARN IT >> Reporter: FREQUENT FLIERS MIGHT BENEFIT MORE FROM AIRLINE MILES WHILE CREDIT CARD REWARDS MIGHT BE A BETTER FOCUS FOR THOSE TRAVELING LESS OFTEN

THEN CLEAN HOUSE >> YOU MIGHT HAVE ENOUGH IN THERE TO GET YOURSELF A SMALL GIFT CERTIFICATE, MAGAZINE SUBSCRIPTION >> Reporter: CREATE LOYALTY FOR THE PROGRAMS AND CASH IN BEFORE YOUR REWARDS TAKE OFF AMERICAN AIRLINES AND CHASE ANNOUNCE TERM CHANGES THIS YEAR THAT WILL INCREASE THE NUMBER OF POINTS YOU NEED TO REDEEM REWARDS, SO IF YOU FIND IT DIFFICULT TO KEEP UP WITH ALL OF THOSE CHANGES AND POINTS AND REWARD, THERE WERE APPS THAT WERE MENTIONED IN THERE, I POSTED THREE H OF THEM IN AN ARTICLE I SIGNED UP FOR ONE OF THEM, ONE THAT HELPS YOU KEEP TRACK OF ALL OF THESE LOYALTY REWARDS

>> AFTER THE SHOW, YOU NEED TO CLEAN OFF YOUR KEY CHAIN >> I KNOW, BECAUSE I THINK I'VE SAID THAT BEFORE IN OTHER SEGMENTS LIKE LOOK AT THIS, RICE EPICUREAN! >> THANKS, AMY, GOOD

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