When Capital One offers to “erase” part of her debts with award points, Kate Morrical calls on a loyalty program skeptic to clear things up. Find out what happens next.
Question: You’ve gone on record plenty of times with your feelings about loyalty programs, so I wondered if you’d seen this ad for Capital One’s “Purchase Eraser.” In it, Alec Baldwin implies that he can “erase” a $700 purchase with 30,000 miles.
But the program overview clearly states that any purchase over $600 is 100 miles per dollar to redeem.
Read more “Can Capital One really “erase” my debts? And while you’re at it, could you do another rant about loyalty programs?”