Perks and Points: Who benefits? 2 of 2

Let, let's talk, for example, in the situation of a credit card.

So Reuven sends Shimon to purchase something, and Reuven provides his credit card.

There are points.

Shimon uses his credit card, and Reuven reimburses.

There are points.

So who g-- who deserves the points? Well, who's giving the points? The credit card company's giving the points.

I don't know if it's Visa or MasterCard or Chase, whatever, it's a bank or the credit card company, but the point is not coming from-- the points are not coming from the seller.

The points are coming from whoever owns the card, whoever's name is on the account, they're providing points for using it.

Why? 'Cause credit card companies make a lot of money when you use their card, so they provide you points because they want you-- they wanna encourage you to use the card.

Who are they giving the points to? They tell you who they're giving the points to.

If it's my credit card, they give the points to me.

If it's your credit card, they're giving the points to you.

There's nothing to discuss.

There's no, there's, there's no discussion about that because they're making it very clear who they're giving the points to, and they ca-- these points, they don't want the points to be used like money.

They're not-- th-they can't be sold.

They can't be purchased.

The points go to whoever the credit card company decides the points should go to.

So, so, so that's very clear.

And similarly, let's say sometimes you go to a store, and you have an account with that store.

The stores will make you sign up for certain accounts.

You have an account with the store, and they give you certain, certain benefits.

So in, in a situation where you have an account with that store and they give perks, once again, they're giving the perks to the holder of that account.

You're buying it on my account, I'm buying it on your account.

Whoever's the holder of that account, that's who they're giving the perks to.

It doesn't matter whether it's the sender, it's Reuven or it's Shimon.

Let, let's talk, for example, in the situation of a credit card.

So Reuven sends Shimon to purchase something, and Reuven provides his credit card.

There are points.

Shimon uses his credit card, and Reuven reimburses.

There are points.

So who g-- who deserves the points? Well, who's giving the points? The credit card company's giving the points.

I don't know if it's Visa or MasterCard or Chase, whatever, it's a bank or the credit card company, but the point is not coming from-- the points are not coming from the seller.

The points are coming from whoever owns the card, whoever's name is on the account, they're providing points for using it.

Why? 'Cause credit card companies make a lot of money when you use their card, so they provide you points because they want you-- they wanna encourage you to use the card.

Who are they giving the points to? They tell you who they're giving the points to.

If it's my credit card, they give the points to me.

If it's your credit card, they're giving the points to you.

There's nothing to discuss.

There's no, there's, there's no discussion about that because they're making it very clear who they're giving the points to, and they ca-- these points, they don't want the points to be used like money.

They're not-- th-they can't be sold.

They can't be purchased.

The points go to whoever the credit card company decides the points should go to.

So, so, so that's very clear.

And similarly, let's say sometimes you go to a store, and you have an account with that store.

The stores will make you sign up for certain accounts.

You have an account with the store, and they give you certain, certain benefits.

So in, in a situation where you have an account with that store and they give perks, once again, they're giving the perks to the holder of that account.

You're buying it on my account, I'm buying it on your account.

Whoever's the holder of that account, that's who they're giving the perks to.

It doesn't matter whether it's the sender, it's Reuven or it's Shimon.