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My bank gave me a choice: share my spending data for a lower rate or keep it private
Last month, my bank sent a new offer for my credit card. They said I could get a 2% lower interest rate if I let them track and analyze all my purchases. The other option was to keep my rate the same and keep my spending private. I picked the private option, even though it means paying about $150 more a year in interest. It felt wrong to trade my whole purchase history, which shows where I shop and what I buy, just to save some money. I don't want them building a profile on me to sell to other companies or figure out how to get me to spend more. It was a clear moment where I had to put a price on my own data. Has anyone else been given a deal like this, and what did you choose?
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gavin3656mo ago
Remember when stores started asking for your phone number at checkout? I gave mine once for a discount, and suddenly got so many spam texts about sales. Now I just say no thanks, even if it means missing a coupon. That small trade never feels worth it later.
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green.reese6mo ago
Totally feel that... never worth the hassle.
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jadej506mo ago
Ugh, exactly! It's like they're buying your peace of mind for a couple bucks off. Once they have your number, @gavin365, it feels like they sell it to every other store in the mall. You end up with a phone that buzzes all day with junk. That discount never covers the annoyance of deleting all those messages. I'd rather just pay full price and keep my inbox quiet.
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jana8815mo ago
My pharmacy offers a loyalty card that tracks every medicine I buy. I skip it even though it would save me a few dollars each visit. That data feels too personal to hand over for a small discount.
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