this post was submitted on 20 Apr 2026
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[–] FreedomAdvocate@lemmy.net.au 0 points 5 days ago* (last edited 5 days ago) (1 children)

You guys are both off in your thinking. Credit card companies didn’t give rewards to get your spending data, they did it to get you spending. If people don’t spend on their credit cards, people don’t get charged large amounts in interest.

With car insurance it’s not about location data, it’s about risk. They’re giving cheaper insurance to smarter EVs that are safer and less likely to be in accidents, because it’s just free money for them.

[–] freedickpics@lemmy.ml 0 points 5 days ago

You guys are both off in your thinking. Credit card companies didn’t give rewards to get your spending data, they did it to get you spending. If people don’t spend on their credit cards, people don’t get charged large amounts in interest.

They do it for debit cards too though. There'll be other reasons as you said but getting your spending daa is 100% one of them