Xbox Live Rewards program launches

[Baalzamon]

Wagram said:

TRios_Zen said:

Wagram said:

Yay, you get prizes for spending money at their store. Hmm, if only you could have saved that money to buy something that you liekd rather than a potentially sucky gift they're going to give you.

Just liked Credit Card rewards programs. YAYYYY BONUS REWARDS!!! I spent 1500 bucks where's my rewards....oh shit now I have to pay 18% interest back.

This doesn't make any sense though...

Nobody's forcing you to buy anything...you don't want it, don't buy it, no problem.  IF you do want it, and were going to anyway, then you get rewards for it. 

How is this a "losing" situation for anyone?

It isn't if you planned on buying that stuff anyways. I just find it to be funny that there are people out there who will spend there money on this stuff just because there are rewards attached to them. Though they completely forget (like in the credit card example) that they have to pay back interest. or that they off-set something else they could have bought with something potentially suck

You only have to pay interest on the credit card if you're stupid and get more than you have to pay off at the end of the month.  For those that do pay it off, you can get sweet benefits.  Let's say you spend $20,000 on your discover card in one year.  You get 1% back on that and can apply it all towards your bill.  That will only cost you $19,800.  It's $200 for free...