Professor Priya Raghubir shares the biggest mistake she believes consumers make when using rewards credit cards
— October 23, 2018
Excerpt from WalletHub -- "I believe that rewards are treated very differently than cash. If you converted rewards points into their cash equivalent (e.g., though gift cards), then those gift cards would be spent differently than if you purchased through rewards. The commonest mental error is to not think of rewards points as just another form of currency that can be used for transactions -- leading to their either being hoarded, or spent on products that are inessential."