Have you ever found yourself doing something which you know is strikingly irrational and which you feel powerless to resist?
This is me when one of the banks says that I have 18 cents worth of points expiring on March 31st. "This here is a P0 drop-everything-and-resolve email."
This is me when one of the banks says that I have 18 cents worth of points expiring on March 31st. "This here is a P0 drop-everything-and-resolve email."
And then I spent a few minutes reading through the various things I could convert those 20 expiring points and 100 non-expiring points into to maximize the conversion ratio, because darn it if I was going to leak 30 cents worth of margin by picking the wrong point ecosystem.
"This sounds even crazier than airline miles. What ecosystem works like this?"
There are numerous competing points systems in Japan and one thing that the less-well-distributed systems do is offer point conversion to more-well-distributed systems, often below par value.
There are numerous competing points systems in Japan and one thing that the less-well-distributed systems do is offer point conversion to more-well-distributed systems, often below par value.
So I swapped bank points for Tsutaya (think Blockbuster0 points, which can be used as cash at the best beef bowl place. Read Tsutaya's annual report sometimes; the points are a far better business than the Blockbuster chain.
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