thlien Posted June 29, 2016 Share Posted June 29, 2016 Just got an email from Lego.com. Didn't realize points expire.... We don't want you to lose them, so please be aware that 553 points on your VIP Account are due to expire on December 31st. This is because all VIP Points expire 2 years after they were earned. Please note, you have a reward available to spend on your next LEGO purchase! Why not browse our online shop today to make sure you don’t miss out. Quote Link to comment Share on other sites More sharing options...
Sharkbait Posted June 29, 2016 Share Posted June 29, 2016 (edited) Yes they expire, and no it isn't new. They are nice enough to notify you though. And I'm sure they don't wan't people banking all of their points, and it gets them back into the store to buy more items. Edited June 29, 2016 by Sharkbait Quote Link to comment Share on other sites More sharing options...
rcdb1984 Posted June 29, 2016 Share Posted June 29, 2016 I just got the same thing too....I was like....Ok wow. Quote Link to comment Share on other sites More sharing options...
gregpj Posted June 29, 2016 Share Posted June 29, 2016 Why on earth are you guys hoarding your points for so long? That's money in the bank making you absolutely ZERO money now or in the future. Weird. Quote Link to comment Share on other sites More sharing options...
terrymc4677 Posted June 29, 2016 Share Posted June 29, 2016 Also, if Lego decides to drop the ban hammer you will lose them. Use them up, guys! Quote Link to comment Share on other sites More sharing options...
inversion Posted June 29, 2016 Share Posted June 29, 2016 55 minutes ago, gregpj said: Why on earth are you guys hoarding your points for so long? That's money in the bank making you absolutely ZERO money now or in the future. Weird. Exactly. Hoarding and buying a 'free' set might feel good, but it is only an illusion. Actually, just for nerding out, if you can store your actual money in an interest rate bearing account, then not spending VIP actually instead of using them up at your next purchase is a net loss (although very minimal). Unless interest rate is negative, hoarding VIP has no benefits. The single case where hoarding makes sense is if you plan to get out of the hobby permanently and want 0 points on your account. VIP is just a generic 5% conditional rebate scheme. I just crunch them every time. Quote Link to comment Share on other sites More sharing options...
gregpj Posted June 29, 2016 Share Posted June 29, 2016 3 minutes ago, inversion said: Exactly. Hoarding and buying a 'free' set might feel good, but it is only an illusion. Actually, just for nerding out, if you can store your actual money in an interest rate bearing account, then not spending VIP actually instead of using them up at your next purchase is a net loss (although very minimal). Unless interest rate is negative, hoarding VIP has no benefits. The single case where hoarding makes sense is if you plan to get out of the hobby permanently and want 0 points on your account. VIP is just a generic 5% conditional rebate scheme. I just crunch them every time. I don't spend them every time... but that's because I've frequently visited the US where my points have been worth 20-30% more depending on the exchange rate. I also spent some points on a recent visit to Europe where my points where worth 47% more! Otherwise, if it makes you feel good to hoard a few, by all means .. but not spending points you've had for 2 years? Either you're not buying enough LEGO or you should be giving me those points!! Quote Link to comment Share on other sites More sharing options...
Anomander Posted June 29, 2016 Share Posted June 29, 2016 You can also transfer your points to another VIP member if you're not going to use them befroe expriration. You just have to contact LEGO and nominate the fortunate donatee. I'm always here for you... Quote Link to comment Share on other sites More sharing options...
rcdb1984 Posted June 29, 2016 Share Posted June 29, 2016 if you use points but dont go to 0 for two years thats why you can still use your points and still get the email Quote Link to comment Share on other sites More sharing options...
gregpj Posted June 29, 2016 Share Posted June 29, 2016 12 minutes ago, rcdb1984 said: if you use points but dont go to 0 for two years thats why you can still use your points and still get the email According to the message that just isn't true unless they make you use points LIFO just like their backorder shipping. Quote We don't want you to lose them, so please be aware that 553 points on your VIP Account are due to expire on December 31st. This is because all VIP Points expire 2 years after they were earned. Quote Link to comment Share on other sites More sharing options...
vincevaughn Posted June 29, 2016 Share Posted June 29, 2016 Wow, Did not know this. Thanks for the heads up. Its descent of them to give you 2 years though, seems like many companies give you around 6 months to expired points. Quote Link to comment Share on other sites More sharing options...
MrToes16 Posted September 7, 2016 Share Posted September 7, 2016 Not sure what the stance on hoarding points is coming across here. Is it that hoarding points for too long and being exposed to expiration bad? (Obviously, yes) Or is hoarding points overall just a bad thing? (I don't think it's bad) I used to accumulate like $10 - $20 in point rewards before I spent them to give myself a little discount. But then I stopped and wanted to accumulate more specifically for the purpose of dumping them on Black Friday deals. I definitely know they will expire but I definitely have a plan in place to use them well before that happens. I don't consider points "money in the bank" because you can't cash out for actual cash...there is technically no cash value but rather a discount offering when you choose to use them. Quote Link to comment Share on other sites More sharing options...
tractorboy Posted September 7, 2016 Share Posted September 7, 2016 (edited) If you're hoarding points then that is just money doing nothing, that could be put to use making more money. You don't get anything extra out of spending them at a later date. Edited September 7, 2016 by tractorboy 3 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.