✉news BusinessPersonal Finance first seen 2 d ago, last 2 d ago, peak #1
To save money, stop being a loyal customer
NBC News reports that customer loyalty no longer pays: sticking with the same insurer, phone carrier, bank or utility often costs more than switching, since the best rates and promotions are reserved for new customers. The advice is to regularly shop around and negotiate or switch providers, treating loyalty as an expense rather than a virtue when trying to cut household costs.
Why now: Households looking for ways to cut expenses are drawn to advice that challenges the assumption loyalty saves money.
Evidence
- To save money, stop being a loyal customer · NBC News
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