Bloomberg Surveillance
Bloomberg Surveillance: Macy's CEO and Holiday Shopping
Nov 24, 2023
Macy's CEO says department stores are still relevant and ready for holiday shopping season. Retailers embracing AI. Surprise drop in Thanksgiving dinner prices discussed. Use credit card points before they lose value.
30:35
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Quick takeaways
- Points hoarding can lead to points inflation, making loyalty points less valuable over time, so it is advisable to use loyalty points sooner rather than later.
- Consumers can benefit from the current state of the travel industry, as airfares, especially for domestic flights, are becoming more affordable, allowing for better value for their travel expenses.
Deep dives
Importance of Using Loyalty Points
Points hoarding can lead to points inflation, making loyalty points less valuable over time. Airlines are selling more miles to credit card companies, increasing the number of points in circulation. Therefore, it is advisable to use loyalty points sooner rather than later. Southwest Airlines has recently announced that their points will be worth less when redeemed starting in 2024. This trend applies to airlines, but car rental programs are becoming less valuable, while hotel loyalty programs can still be beneficial. Credit cards that offer points for various purchases provide flexibility and allow for cashback options, which can be used for any expenses.
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