Postfinance SmartPoints: Your opinion?
Hi
I just got a message from Postfinance that they are ending cashback on their credit cards (not debit cards) in june this year and replacing it by a new "SmartPoints" cashback program: https://www.postfinance.ch/en/private/paying-saving/smartpoints.html
With Smartpoints you opt in and for what I understood on the positive side it's applying Smartpoints that you can turn into cashback for other payments, be it using their debit card, Twint or as before, their credit cards + other Postfinance services. - Sounds good?
After skimming initially over the offer I have at least 2 things that make hesitating (and I try not to be to sarcastic):
- It's "all or nothing", meaning that you have to (seemingly?) opt in completely, which means that you agree to all things being tracked by SmartPoints or none. With cashback on the credit card it was never much cashback, but I could by using either the Debit or Credit card.
- Payout of points has to be done manually by you, they expire after 24 months after being earned. If you forget them, they'll expire. With the previous cashback it was automatically transferred to your primary account I think twice a year. (See: "How long are my SmartPoints valid for?")
Is it just me, or is it another move by PF to (slightly, but not to much) enshitify their service and get more data from us by offering some earnings that we can turn into money?