Random Thought Thread

Over the last year Ive taken advantage of multiple credit card/bank offers of which offer a $200+ credit for opening an acount and using it a little. Probably close to a free $1000 and its not cost me anything that Im aware of anyway. Credit score is still excellent. Last month got $300 from Capital One after spending $500. Bought a crib and two car seats and it only ended up costing me $200! Last week they send me an offer to refer a friend and Ill get a $150 credit (woman gets $200 taboot after spending $500 of which Ill find a way to use 😁). So essentially Im out $350 for $1000 worth of purchases? Seems too good to be true but I don’t think it is 🤔
 
dericdesmond said:
Over the last year Ive taken advantage of multiple credit card/bank offers of which offer a $200+ credit for opening an acount and using it a little. Probably close to a free $1000 and its not cost me anything that Im aware of anyway. Credit score is still excellent. Last month got $300 from Capital One after spending $500. Bought a crib and two car seats and it only ended up costing me $200! Last week they send me an offer to refer a friend and Ill get a $150 credit (woman gets $200 taboot after spending $500 of which Ill find a way to use 😁). So essentially Im out $350 for $1000 worth of purchases? Seems too good to be true but I don’t think it is 🤔
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Reminds me of the phone company wars of the 90s.

For a 3-4 year stretch, I'd keep getting calls every few months from one of the 3 companies, with all sorts of offers to switch to them. Started out with better rates for long distance calls (remember when that was a thing?).

Then they began offering no strings attached checks, for switching to their company's phone service (i.e. they would explicitly state, "Switch to our company and we'll mail you a check for $XX. You can use this money for anything you choose, not just for the phone bill").

What amazed me even more, was that these offers weren't tied to contracts (i.e. no, "This offer only applies to a 12 month service contract"). I think the first check was for $50.

But then a month or 2 later, the company I'd just switched from, would call and say, "We're sorry to see that we've lost you as a customer. Would you consider coming back to us if we offer you this rate, and send you a check for $$$?".

So I kept switching companies every couple months, or whenever they offered to send me a check. I think the biggest check I received was $200. The phone wars not only covered my phone bills, but made me money for those few years. No idea what kind of whack business plan this was, when they wound up paying out more than they were taking in. 🤣
 
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