topic Re: The Craigslist Credit Card in Credit Cards

The Craigslist Credit Card

Jlu — Mon, 08 Oct 2012 21:24:53 GMT

No, not a reality, but something I dreamed about last night and thought, how awesome would that be? I'm sure maybe one day Craig will figure out he can make a few billion dollars off his site by commercialising it.

Re: The Craigslist Credit Card

knj601 — Mon, 08 Oct 2012 22:07:05 GMT

Ooo man. If this was real, my fiance would probably go crazy!! We would have sooo much stuff we didn't need. :smileyvery-happy:

Re: The Craigslist Credit Card

Cadillac-XTS — Mon, 08 Oct 2012 22:14:16 GMT

lol I would probably be the first to apply

Re: The Craigslist Credit Card

LS2982 — Mon, 08 Oct 2012 22:21:05 GMT

What would be the point of it?? It would be treated pretty much like any creditor does a store card, atronomical APR and lackluster rewards.

Re: The Craigslist Credit Card

tylaw13 — Mon, 08 Oct 2012 22:43:39 GMT

Backed by Capital One. hahahahahaha

Re: The Craigslist Credit Card

navigatethis12 — Mon, 08 Oct 2012 23:43:16 GMT

LS2982 wrote:
What would be the point of it?? It would be treated pretty much like any creditor does a store card, atronomical APR and lackluster rewards.

My question as well. Craigslist does not actually sell anything or take payments do they? So they could not offer a certain percentage off of anything. It may be a way for them to get more money, but I do not see why a consumer would have a need for it.

Re: The Craigslist Credit Card

gettnthere — Mon, 08 Oct 2012 23:46:39 GMT

I could definitely see this card coming around at some point backed by non other than GE, lol Id probably go for it on a Drapp:smileywink:

Re: The Craigslist Credit Card

Jlu — Tue, 09 Oct 2012 00:10:29 GMT

All I'm saying is that wherever lots of cash is changing hands credit is never far behind.

Re: The Craigslist Credit Card

gettnthere — Tue, 09 Oct 2012 00:20:05 GMT

Jlu wrote:
All I'm saying is that wherever lots of cash is changing hands credit is never far behind.

Very true! Im suprised there isn't one already.

Re: The Craigslist Credit Card

sakhalin070 — Tue, 09 Oct 2012 01:51:13 GMT

Oh gosh lol!

Re: The Craigslist Credit Card

TheConductor — Tue, 09 Oct 2012 12:48:11 GMT

The problem with this idea is that Craigslist is ground zero for seller scams, bait-and-switch sellers, and unwarranted buyer remorse by buyers who got a more-than-fair deal.

The chargebacks would kill this card within 90 days.

"wherever lots of cash is changing hands credit is never far behind" may be true in most instances, but there's a reason why black markets tend to be cash economies. :smileywink:

Re: The Craigslist Credit Card

Jlu — Tue, 09 Oct 2012 13:26:38 GMT

TheConductor wrote:
The problem with this idea is that Craigslist is ground zero for seller scams, bait-and-switch sellers, and unwarranted buyer remorse by buyers who got a more-than-fair deal.

The chargebacks would kill this card within 90 days.

"wherever lots of cash is changing hands credit is never far behind" may be true in most instances, but there's a reason why black markets tend to be cash economies. :smileywink:

you could say the same about eBay and/or Paypal.

Re: The Craigslist Credit Card

TheConductor — Tue, 09 Oct 2012 14:38:03 GMT

you could say the same about eBay and/or Paypal.

Much like you could compare a squid to a gorilla. Yes, they're both animals but they are actually quite different.

The way eBay works, there is always a 3rd-party record of the agreed-upon transaction. It's an auction, not a classified ad.

Craigslist is, as you might infer from the name, just a list of offers. The actual agreement and settlement of the transactions happens offline.

That's a much riskier environment to introduce credit issuance into.

Re: The Craigslist Credit Card

Jlu — Tue, 09 Oct 2012 16:06:02 GMT

Nobody is disputing the fact that the current landscape would never warrant nor foster the introduction of a CL CC. Rather we're pointing out that the implementation of a 'middle man' system would be so easy and so lucrative. Imagine a 'make an offer' button on a CL ad. The seller could either accept, deny or counter the offer. If an agreement is reached the buyer would pay with his CL CC and the funds would be held in limbo until the buyer picks up the item or service. Now granted this is a very rough draft that glazes over many details however for argument's sake I think most of you get the idea.

Re: The Craigslist Credit Card

maiden_girl — Tue, 09 Oct 2012 20:34:19 GMT

I would have loved an ING Direct credit card...that is until the CAP1 take over...one can still dream. Lol.