Earning Virtual Currency on your Credit Cards 47
ptorrone wrote to mention an article on the MAKE blog, where the author theorizes that perhaps someday instead of frequent flyer miles we'll get WoW gold or EQ plat as a reward for using our credit cards. From the article: "It's not a matter of if, just when - credit card companies, Pay Pal, Amazon, eBay and the individual "gaming" companies eventually bridge the real and virtual currencies with loyalty programs and private label credit cards - there's too much money out there to -not- to do this. This 'demographic' is the battleground. The more you spend, the more you earn, sorta. Virtual $ isn't a crappy electronics doo-dad, it's just a number in a computer. Maybe you'll get some discounted airline tickets when you hit level 60 too, you deserve it! Earn your way to a new graphics card, why not."
Fiat Money (Score:4, Insightful)
Dollars, and any other fiat money are too. Just cause it's printed and you can carry some in your wallet doesn't give it any intrinsic value - only the one that we agree to give it.
If you value your credit card's "points" (Score:4, Insightful)
Re:Taxability of WoW Gold (Score:3, Insightful)
Bad Premise (Score:3, Insightful)
Even if the market DID exist, card companies are only going to want a certain number of brands/external services in their card stable, anyway. So, what percentage of the small amount of the population that would shell out for MMOG gold would make the gold their first-third priority? Over Disney, perhaps. Over cash back? Over groceries? Gas? Travel?
Plus, a lot of the gold business isn't for the hardcore... it's for those who just want a little boost. If you're only cashing in twice over your career, why the heck would you get a CREDIT CARD to accumulate small amounts over a long time?
I swear, if I didn't dislike blogs so much, I'd start one to catalogue all the idiocy. People in and around the videogame industry seem to all have a serious case of overinflated sense of importance and think the tail wags the dog.
Re:How is this going to work? (Score:3, Insightful)
Because it has already happened, and was inevitable for any successful game. Open market or black market, real money will be able to purchase anything of value. That's what makes it real money.
Incredibly stupid. (Score:3, Insightful)
In spending *real* money on a credit card, I can apply these benefits toward things that are *not* real? Does anyone actually think this is a good idea? You might as well just not get any benefits from your credit card!