Re:Mastercard Should Stop Selling Our Data
by edmundsauto on Wednesday October 18, 2023 @02:57AM
(#37925579)
I’m not clear what you mean, but I understand the concept of being your own warranty backer. This is different - I would have bought this screwdriver with a visa, if I didn’t have that Amex.
The Amex makes me confident I have recourse. Is your point that I would spend less if I didn’t have that confidence? I suppose so, but I’d actually rather prefer having that confident experience rather than feeling insecure or like I got ripped off.
That’s real value, and I don’t mind if it means I buy an extra tool here and there. Especially if I can get some extra refunds.
Of course, that value is entirely funded out of your own pocket.
Instead of paying with your Amex for overpriced goods, you could put a bit of money to the side for every normal purchase, and use that pot to 'refund' your electric screwdriver yourself.