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71 sats \ 6 replies \ @SimpleStacker 29 Jul \ on: How Airline Miles Turned Into a Multibillion Dollar Currency (Reason, Gary Leff) econ
I hate dealing with airline miles. I let my wife deal with all that stuff. Ain't got no time for that shizz!
same, it's fucking pathetic. The only one I can stomach is Icelandair, with fake numbers on an account (where all my flights are) and are used up to save me some microscopic amount of fiat for the next flight.
Today, when I tried to buy something with British Airways/Finnair credits, turns out you could only pay up for a full thing, or nothing at all. FUCKING PATHETIC!
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It can be a fun hobby- one of the few that potentially pay you. If you don't actively enjoy trying to game the banks and getting "deals" then it's probably not worth the time vs getting 2-3 cards or a flat cashback system (throw in HYSA or buy BTC)
I churn cards for the signup bonuses, and generally it seems Chase points ->Hyatt gives you reliable redemption value you don't have to think too much about. Beyond that I find I don't have the mental bandwidth to try to squeeze more value out of airline points.
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Beyond that I find I don't have the mental bandwidth to try to squeeze more value out of airline points.
that's fair: if you find a hack that at least gives you a little bit of useful value, stick with it. It does make me feel a little dirty/filthy running around thinking which card is best suited for which spend -- that's the kind of shit I don't want to keep track of and that shouldn't exist, you know!
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haha it really makes ZERO sense but i get annoyed when I accidentally use a 3% card when I could have used a 4% card on my apple pay LOL
I really enjoy periodically looking at my Fold card BTC returns (most of which I accumulated pre 2023 before they nerfed a lot of rewards) which has since nearly quadrupled in dollar value and keeps going up.
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yeah, my projection (after having talked to my friend about this for, I dunno, 20 hours) is that all these rewards programs will be eaten by bitcoin.
Just pure satsback is simpler and cleaner; the money is better. No point fucking around.
(of course, it'll mostly mean that they die, since they won't be profitable on bitcoin, given that their value comes from printing worth ledger entries and selling/giving/redeeming them for positive prices)
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I am hooked on my Marriott points lol
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