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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: obnoxious people||Date: 2/6/2009 4:17 PM|
|Author: RetiredVermonter||Number: 284825 of 310649|
Speaking of flustering those poor folks...
A couple of years ago, we kept getting offers for an American Exporess Blue Card, promising to give us 5 percent BACK when we used it! Since we were doing remodeling, costing a few thousand in materials, I finally decided to call and ask about that little deal. Discussion follows:
(Sweet young thing answers their phone.)
Me: "Hello. I'm calling to ask about that 5 percent rebate or whatever on a card."
She then explains it all, how I would get a 5 percent rebate each month, etc.
Me: "Well, I would pay my whole balance every month. Does that matter?"
She: "Well, sir, in that case it would be more like ONE percent, and you would only get that at the end of the YEAR!"
Me: "Really? That seems odd. However, if I carried a BALANCE I would get the 5 percent?"
She: "Yes sir!"
"What would my interest rate be?"
"Oh, sir, it would be just 14 percent!"
"So let me get this straight. If I run up a balance, and pay 14 percent interest, you'd give me a 5 percent rebate? So I would end up PAYING you 9 percent?""
"Yes sir! Isn't that great?"
"I don't think so, but have a nice day."
And I hung up.
Ain't it amazing sometimes?
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