Originally Posted by
tfred
the real car analogy is the purchase price, not the APR.
lets say you have been saving for a lexus starting in 2005 (purchase price $50K) putting money into an account. when it come time to buy the car in 2008, the lexus is no longer $50K, but now $60K so you are $10K short. Is that Lexus' fault that the price is no longer the same? do you demand that they lower the price to what it was in 2005?
Changing the APR would be adjusting an existing contract. I dont think that there is any implied contract here as the "price" goes up and you havent made the rez
most of the people here are big travelers and know the history of airline and hotel programs - all the redemptions change every few years. If you know that the "big" trip is 5 years out you know you wont make it
Ahh yes, but usually when you put your money in the bank you get INTEREST! So you get out also more than you put in... which could be even more that what a car will cost in 5 years. MR points represent money we already paid to Marriott. Not only we do not get any interest, we get less than we put in. So your example is wrong. And I do not even start here to compare this with various investments, yes can be risky and you get less than you put in but can be good and yield two cars after 5 years...!
MR simply took away the money and gives us now less for it. At the time they got the money, it had a high value (measure it as you wish, Gold price, Oil price, anything) so I expect to get at least the same value, if not getting the interest on my points!
TL