Credit in the News

[Ron1]

link:

http://www.reuters.com/article/2012/03/01/us-livingsocial-creditcard-idUSTRE8202BA20120301

Ron.

[jimbo831]

Uh oh . . . don't let Appbar and Appbar Jr see this thread!

[LS2982]

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jimbo831 wrote:

Uh oh . . . don't let Appbar and Appbar Jr see this thread!

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Not my type of card

[boomhower]

Seems kind of pointless. 

[Erica1]

Does seem kind of pointless. And I check Groupon and Living Social daily and have never come close to seeing 10 deals in a month I'd want to purchase on either site. Has anyone else?

[Repo-ed]

Have purchased from booth groupon and living social on more than a few occasions, but still see no real value in the card.

[jimbo831]

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Erica1 wrote:
Does seem kind of pointless. And I check Groupon and Living Social daily and have never come close to seeing 10 deals in a month I'd want to purchase on either site. Has anyone else?

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This card does seem pointless, however you don't have to purchase 10 deals with it.  It just said "10 purchases."  It is cobranded with Visa and Chase, so I read that to say that any 10 credit card purchases.  Either way, the reward of 10 deal bucks, or whatever those are seems pointless.

[stan_the_man]

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jimbo831 wrote:

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Erica1 wrote:
Does seem kind of pointless. And I check Groupon and Living Social daily and have never come close to seeing 10 deals in a month I'd want to purchase on either site. Has anyone else?

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This card does seem pointless, however you don't have to purchase 10 deals with it.  It just said "10 purchases."  It is cobranded with Visa and Chase, so I read that to say that any 10 credit card purchases.  Either way, the reward of 10 deal bucks, or whatever those are seems pointless.

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Not exactly my kind of credit card -- with very limited rewards redemptions. However, this card could have a nearly 100% cashback if you use it to make 10 ~$1 purchases each month.