- Credit card super-users take a $330 million bite out of JP Morgan’s revenue by CNBC. That’s a huge chunk of revenue, but keep in mind the profit JP Morgan made during that period.
- Build-A-Bear Succeeds So Hard They Fail by PYMNTS. This promotion was crazy, pay your age. I heard some people waiting up to 9 hours.
- Delta Introducing Pay With Miles to Upgrade Any Fare By End of Year by View From The Wing. It’s interesting to see how airlines are putting more and more emphasis on being able to pay to upgrade. Surely this devalues how useful elite status actually is?
- CEO of Plastiq did an AMA on reddit again. Interesting responses as always.
Deals expiring at the end of today (view the full deal calendar here):
- [YMMV/Targeted] Hilton: Stay 4 Nights Or More & Get 50,000 Bonus Points
- [YMMV] Amazon Prime: Try App Camera Features & Get 6 * $5 Off Select Deals
- Acorns: Get $55 with Blooom Investment Signup [401k Required]
Deals expiring at end of tomorrow:
- Save up to $20 on Whole Foods or Amazon Prime Now Online Order
- [YMMV] Amazon Prime: Try App Camera Features & Get 6 * $5 Off Select Deals
- Amazon Prime Pantry: $10 Off $40+ & Free Cheerios With 30 Day Free Trial
- Google Express: 25% Off With Promo Code EXTRA25 ($100 Maximum Discount) Works For Existing Users
- Amazon Music Unlimited 4 Months for $.99 [Prime Only, New Members Only]
- Free $10 on Amazon Prime Day with $10 In-Store Whole Foods Purchase [7/11-7/17]
- Amazon Chase Card: Get 10% Back at Whole Foods on up to $400 in Purchases [7/14-7/17]
Having to pay out rewards does not decrease revenue. It might decrease profit but it won’t effect revenue.
Depending on which bank you are talking about and what timeframe, some cards rewards are a contra-revenue, which does in fact decrease reported revenue.
@Build-A-Bear story – Most americans seem to find their time to never be of any value. Even if I wanted to do this deal I would take one look at the line and laugh. I mean really – paying $5 instead of $15-$20 or whatever the going rate is for a bear? Let’s see, 8 hours of my time or $10 in savings… hmmmm… which one should I go with?
I think part of the motivation in this situation was reluctance to disappoint their kid(s), who would be crying about not getting the bear for who knows how long afterward. The savings were multiplied if multiple kids were involved, too.
From what I recall reading a few days ago, the starting price for the most basic bears there is around $15-$20, but can get up to $40-$50 if decked-out.
Haha, I just came down here to write that. While normal price bears are usually closer to $40, waiting hours (with children) seems insane for ~$35 of savings. Ann makes a good point that it scales with more children (could save $100+ with 3 kids). My guess is people didn’t expect to wait and then couldn’t disappoint the kids by leaving (again I believe that’s what Ann alluded to as well)
Maybe the people waiting in line are poor and could not afford a bear under normal conditions.
That struck me as well, I was going to pull out this comment:
…my wife is having to drive 100 miles after work to get to a store to take up the offer…
Really? 100 miles + a long line for mebe $20 savings after gas?