Kevin O'Leary warns consumers that credit card loyalty points are inflating faster than the dollar

From Yahoo Finance: 2025-05-11 19:01:00

Entrepreneur Kevin O’Leary, also known as Mr. Wonderful from “Shark Tank,” warns consumers that loyalty programs are a losing game. Loyalty points are inflating faster than the dollar, reducing their value over time. O’Leary advises cashing out points immediately for goods and services to avoid falling victim to point inflation.

While some consumers aim to maximize credit card rewards over time, O’Leary suggests a different approach of spending loyalty points as soon as possible. He believes the game is rigged against those who try to save up for larger rewards. This strategy simplifies account management and prioritizes immediate returns over long-term gains.



Read more at Yahoo Finance: ‘The Game Is Rigged’ Says Kevin O’Leary On Credit Card Points. He Claims They’re Inflating Faster Than The Dollar And Always Cashes Out Fast