The Endowment Effect: Your Credit Card RewardsWhy your brain overvalues the points you already have.

From the show

Smart Personal Finance Strategies

That massive stash of credit card points might not be as valuable as you think. This cognitive bias, known as the endowment effect, makes us place a higher value on things we already own, causing us to make poor financial decisions. Understand how loyalty programs exploit this quirk in our thinking. Learn to objectively assess your rewards and switch to a card that's a better fit, even if it means leaving your 'hoard' behind.