Consumers are accustomed toearning points by using creditcards. This is the case in Israel aswell but many have come to learnthat the points in Israel are moreor less worthless, and be that whatit may, the point system as itexists in Israel today is beingeliminated. Hence, the points thatone has will simply vanish in thenear future. This is true for VisaCal, Isracard and Leumi Card.Expert Ronen Regev told Channel 2evening news that the points wereintended to blind consumers;diverting their attention to thevalue of points and available giftsinstead of checking how muchinterest is being charged andpayment schedules.Officials report that Visa Cal hasat least 40 million NIS outstandingpoints, and Leumi at least 41million NIS – meaning these pointswere given to card holders butthey were never redeemed.As the credit card companiesprepare to eliminate the pointsbeing held by card holders, NaftaliMichaeli of Yad Sarah urges cardholders to please call to donatethe points to the tzedakaorganization while they can stillcash them in – promising themoney generated from the pointswill be used to purchasewheelchairs.
Bank Leumi app, now let's you deposit check's like Chase, it's really a great benefit very useful!
