Discount & loyalty cards can be great. However, due to application and renewal fees, some people don’t realize that their cards are barely even paying for themselves! To make matters worse, rather than giving a flat discount, many cards rely on point earning schemes that obscure users from how much they’re actually saving.
When I tried explaining this to a friend of mine – they argued that they’d rather get “something” over nothing. I told her that to break even on renewal fees, the best case scenario – shopping ONLY at the places that offered the best conversions, she’d have to spend at least P20,000 every two years. She was a student.
I’m not arguing against these cards but what I’m advocating is awareness. In my friend’s case, a student, P20,000 every two years is a lot to ask for. For someone living on their own, or a head of household, P20,000 sounds about right.
In my next series of posts, I’ll be taking a look at these cards and telling you under what conditions these cards make sense.
Here are the one’s I’m looking into at the moment:
- Laking National Card
- SM Advantage Card
- Rustan’s FSP
- Bow & Wow Loyalty Card
- Robinson’s Rewards Card
- Fully Booked Discount Card
If you have any suggestions or cards you’d want me to look into, please leave a comment down below 🙂