I will confess that I kept getting offers from credit card companies, something like "Spend $500 in the first three months, and get $200 back." I always figured it was a scam and threw the offers into the recycle bin.Wow !
You are a LOT smarter than I am!
I just got off the phone with the PA bank.
It turns out that they are pushing an advertising gimmick ( I have always hated banks)
Their "4 points" per dollar, would actually only be worth $8 cash back, for each $1,000 spent,....... while I interpreted it to be 4% cash back.
They were just fishing for an old sucker like me,....and caught one!
I owe you a great big THANK YOU for pointing out that deceptive crap out!
I'll stick with my no fee Citi Bank card at 2% cash back, and be happy!
Thank you VERY MUCH!
Color me, old, and .......Just plain DUPED !!!
That new credit card has now been chopped into many little pieces, with glee!
Then I got one from USAA, a respected bank that serves verterans. I have used USAA for a number of years now, and always had the highest respect for them. Their credit card gives 1.5 percent cash back on everything.
So I figured why not trust them and take advantage of this crazy offer.
I opened a new credit card account, used it for more than the $500 in the first month. Paid off the balance and asked where was my $200?
Got the run around for almost a year before I gave up and learned my lesson. EVEN reputable organizations play the same game... to USAA.
BUT I still think USAA is a good bank...but now for the most part, and not 100 percent!