5-Minute Review: Privacy.com Rewards Cards
OK, here we are again this time on a thursday morning at a dinner table in the middle of the northern california beauty, but the products and ideas are all versions of the same things I’ve seen before. It’s alright though because I really do like this one.
Privacy.com has been making it easier to generate new debit cards for every transaction (I wish I could remember to use it), which I think is just grand because who the hell needs to be giving out their one master credit card number in order to buy some chiclets off the internet, right?
Now I’ve never been a huge security nut, I mostly assume that kinda bad stuff will happen sometime and if I don’t take likfe too seriously I’ll figure it out. But stolen CC numbers is just one of those big pains in the ass that I don’t really want to have to tackle again — so Privacy.com is pretty cool.
But now, rewards cards? It’s funny when you read about these things and think “oh! I can earn something!!!” but whenever that is the case it’s best to take a step back and look at what’s happening here.
1. Rewards cards costs businesses more. Not nessecarily THAT much more, but definitely more to process.
2. You rarely earn enough rewards to give you anything good, and if you’re on a Credit Card most people end up just paying a lot more interest than they earn in rewards.
3. The debit card reward system is cool because you don’t get #2, but then who wins? Well mostly the middle-men.
So yeah, I kinda like it. I’d maybe do the same if I were then. Get myself some “Privacy” branding and then put in a system where I am a middle man that depends on intimately knowing the transactions of my customers in order to give them rewards points so I can slurp profits off the top.
This is one I’ll actually be using ;)

