medhead
Suspended
- Joined
- Feb 13, 2008
- Posts
- 19,074
Are you suggesting the local BMW or MB dealership establish a "Frequent Buyer" scheme that rewards you with a "buy 10 get 1 free" arrangement for your car purchases?? And better still, should they not only apply it to BMW's, but also allow you to buy a Mini or Bentley and the same deal applies?? Why are airlines any different??
A few hundred thousand points in a FF account is not a tangible asset that can really be taken into account as a ROI. You cannot say that a $1800 el cheapo ticket to London in Y- actually only cost $1675.52 because the points you "earnt" from your $1800 investment are worth $124.48, or conversely, that your flight was really worth $1924.48 but you only paid $1800 for it, meaning your an astute investor.
and so what if QF know exactly how much money you spend?? they have no idea, what you are actually spending it on. I wouldn't exactly class food, utilities, school fees etc as "disposable" income.
I don't even know what you point is here. Seems totally irrelevant since I didn't say anything about the underlying reasons for starting a frequent anything program. but if BMW did have such a program I'm sure that you're classy rich people would use it. Because they invariably got rich in the first place by carefully tracking their money and getting maximum benefit.
Im also not exactly certain what you mean about buying F and J tickets on a credit card...
This is very easy to understand. If you buy am airline ticket from qantas they know what credit card you used to buy the ticket - corporate or personal. They know what you are flying. They know how many points you get from which types of CC. Hence they know you're total spend. What you spend it on is irrelevant once you get over a threshold. If someone is spending $25k a month on a CC whether that is school fees or not makes little difference. If they fly 5 F flights a year to LHR and they spend that much then they are a prime target, aren't they. Even if the employer pays for the flights it is safe to assume they are high value because an employer doesn't waste that much F money on low value employees.