Smart SpendingSmart Spending

I was a My Coke Rewards addict

I found myself unable to avoid sneaking a peek at every trash can and office waste receptacle I passed, hoping to see an empty Coke bottle or, better yet, a 12-pack carton.

By MSN Money Partner May 11, 2012 10:50AM

This post comes from Len Penzo at partner blog Len Penzo dot Com.


Len Penzo dot Com on MSN MoneyI am absolutely mesmerized by VH1's "Celebrity Rehab" and its companion program, "Sober House." I find both shows' real-life peek at celebrity addicts' halfhearted attempts at recovery absolutely, well, addicting.


Image: Businessman Searching Through Garbage Container (© Fuse/Getty Images)You can preach all you want from your high horse about the exploitative nature of such a show, but the fact remains the concept is brilliant: Confine celebrity addicts in a small building for three or four consecutive weeks without the booze and/or drugs they normally use to get by on a daily basis and then watch the fireworks.


Why bother with the contrived scenarios of those "Real Housewives" shows, when "Celebrity Rehab" and "Sober House" guarantee genuinely compelling theatrics? Couple that with celebrity doctor Drew Pinsky's dubious counseling and you end up with the equivalent of using gasoline to put out a house fire.


So what has this got to do with My Coke Rewards, the loyalty program that rewards frequent Coca-Cola drinkers with the promise of lots of free merchandise and services?


Well, for almost a year and a half I was addicted to My Coke Rewards. Of course, my addiction was not as devastating as those who are dependent on drugs or alcohol, but it was a powerful addiction just the same. And just like any other addiction, nothing really good ever came from it.


My story

My addiction to My Coke Rewards started on Oct. 5, 2007, with a 10-point deposit into my account from a 12-pack of Coke Classic. After that it was a long, ugly descent.


At first, my need to collect points was orderly and rational. I would simply buy my 12-packs and dutifully enter the 12-digit codes printed on the inside of the cartons. I eagerly scanned the My Coke Rewards website for items that I desired, and put them on my wish list.


Within a couple months, however, it was apparent that My Coke Rewards wasn't going to provide me with the nirvana I was expecting.


Items on my wish list were selling out before I could reach the required point values to get them, and it became painfully apparent that, unless I was willing to settle for some sorry Coke key chains or an occasional free 20-ounce bottle of Coke, I was never going to be able to get any of the truly big-ticket items that were being offered up. (Post continues below.)

The first signs of trouble were subtle.


I found myself getting chummy with the guy who fills the Coke machine at work, hoping for handouts that never came.


I started asking friends and co-workers if they would be kind enough to save their bottle caps for me. At first it was just my close friends, but it eventually spread to anybody I was remotely acquainted with whom I saw with a Coke in hand.


Usually, to deflect suspicion, I would pitifully make up a story that I was saving points for my daughter. "She needs 2,000 points for a giant stuffed Coca-Cola polar bear," I'd say with a nervous laugh, hoping nobody knew I was selfishly gunning for the iHome desk lamp (complete with an iPod dock and speakers!) for 3,700 points.


After a while, the bottle cap handouts from my friends and co-workers became less frequent. So I started shaking them down in the hallways at work.


Eventually I became paranoid. "Hey, Bob," I'd say, barely able to control myself. "Where's my bottle caps? I know Clarence down in 201 is collecting them too. You aren't giving my caps to him, are you?"


Soon, I found myself unable to avoid sneaking a peek at every trash bin and office waste receptacle I passed during the day, hoping to see an empty Coke bottle or, better yet, a 12-pack carton.


I eventually hit rock bottom after I caught myself early one morning shamelessly scouring every last inch of my colleagues' office trash cans in search of discarded 20-ounce bottle caps. It was then that I made a pledge to come clean.


The drawbacks

Of course, bottle cap collecting is not as big a problem as heroin or alcohol abuse, but it's similar in one important aspect: Over time, it takes more and more My Coke Rewards points to get the same results. For example, I bought a Coke T-shirt in May 2008 for 370 points. Five months later, thanks to chronic points inflation, that very same shirt required 760 points.


When the My Coke Rewards program started in 2006, rewards points were valued at roughly 10 cents each. By 2009 that same rewards point was worth less than 4 cents. Today, one point is worth as little as 2.5 cents.


But points inflation isn't the only problem.


As I noted earlier, there were too many instances to count where I would put an expensive item on my wish list only to see it removed from the site months later. This is Coke's version of Lucy pulling the football from Charlie Brown when he tries to kick it.


One day, I finally came to my senses.


After all the effort I put in saving My Coke Rewards, I had accrued only 1,407 points and spent 753 of them -- and all I had to show for it was two insulated Coca-Cola lunch coolers and a lousy shirt.

The last time I checked, I had 654 points remaining in my account, with 60 more still waiting to be deposited in the form of unopened 12-packs in my garage. If I'm lucky, that's good enough to get me a red Coca-Cola ball cap, a "vintage" Coke bottle opener, and a couple of free movie rental coupons from Blockbuster.


Big deal.


If anybody wants to take advantage of my unused My Coke Rewards codes printed on the cartons, they'll be in the trash can. Feel free to take them.


After all, the first taste is always free.


More on Len Penzo dot Com and MSN Money:

May 11, 2012 1:02PM
There is the option of donating those points to several different charitable organizations or local schools.
May 11, 2012 4:04PM

I don't know what’s more pathetic; the guy in the story or the fact I read this useless article! Confused

May 11, 2012 2:40PM

yea  a free 20oz soda was 30 it's 40....


May 11, 2012 9:47PM
not to mention you can barely read the numbers (at least I cant).  Cashed in for a magazine subscription I barely care to read and am out.
May 11, 2012 5:07PM
Is this program still in affect?  I drink about a cash a week and I never did see any such program......If someone can answer that for me then I might get in on it.........leave me a reply please and I will check back, I have been drinking COKE for over 60 yrs and I am hooked on the Drink  COKE.......I don't drink other stuff and I don't smoke so I am sure I will die of being hooked On
May 11, 2012 4:39PM
I won a 42" Panasonic Plasma  HDTV with my Coke points...Thanks
May 11, 2012 4:01PM
I almost got hooked. Gave up and donated them to charity - thru the Coke rewards website if I remember correctly.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.


Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. Join the conversation on Facebook and follow us on Twitter.