What the crap?

A place to discuss anything... except credit cards!
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djrez4
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What the crap?

Postby djrez4 » Tue Mar 11, 2014 10:06 pm

This site prides itself on being the go-to site for credit card information, and yet twice in the last two weeks, I've had to call out posts that go beyond factual inaccuracy and border on intentional misinformation.

I get that sometimes the truth doesn't align with profit. But, if site visitors can't trust the information presented here to be accurate, they'll quickly find other places to research. Placing profit above accuracy undermines the purpose of the site and will drive visitors away.

Grand scheme, ain't my problem, but call it a bit of free advice from someone who runs a business: when your customers discover they can't trust you, they go elsewhere.
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Moneytalks
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Postby Moneytalks » Wed Mar 12, 2014 9:19 am

Are you referring to the rumors about the CSP annal fee increase??
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

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djrez4
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Postby djrez4 » Wed Mar 12, 2014 9:37 am

The Citi AAdvantage offer thread and the US Airways thread, both posted by CreditGuru.

CSP was a user-posted thread.
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FutureBillionaire
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Postby FutureBillionaire » Wed Mar 12, 2014 10:14 am

I still come to this site, because it really helped launch me to the next level of credit card rewards awareness. Having said that, the volume and quality of knowledge has dwindled. I'd actually like to be a contributor to help drive some improvements. Oh well.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

MemberSince99
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Postby MemberSince99 » Wed Mar 12, 2014 12:50 pm

I read the US Airways posting, and the Citi posting, and I'm not seeing an attempt to bamboozle anyone. I'm seeing a breakdown of the cards and someone's opinion about it's worth.


Opinions are like rear ends - we all have one and they all stink. And my opinion on the worth of a card is just hat - my own opinion. Just because once they nerfed the US Bank Cash + card and I found it worthless to me personally and closed it, doesn't mean it's worthless to everyone - some folks love it. I'm still free to give my opinion on the matter but it's just that - my point of view. That's really all I picked up from the posting. I'm not seeing anything sinister there and I'm usually the first to see that sort of thing.


I wouldn't take it so personally. It's just cards. I might personally feel that Amex is overpriced for what you get, and honestly I do, yet I have one of their cards because the overall perks make it worth it to me. Other banks offer cards that use the Amex network, with no fee and better rewards (and service to boot sometimes) but no one offers the same perks Amex itself does.


As far as this board goes, it's pretty good. You are free to give your opinion which you did, just as someone's opinion was given on the worth of some cards. Try publicly disagreeing with a mod on MyFICO sometime and see how quickly you are banned for life - that would be faster than the crème puffs disappear at the local Weight Watchers meeting. Here you won't get that and you can speak your mind.


Also if anyone doesn't like the knowledge here, why not share some of your own, what's holding you back if you have a fountain of help to share? The more the better we will all benefit.

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djrez4
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Postby djrez4 » Wed Mar 12, 2014 1:11 pm

Opinions are fine. Neglecting to mention facts that undercut your opinion is questionable. Deliberately choosing to provide poor information because the result supports profit motivation while undercutting the purpose of the site is downright Machiavellian.

Like I said, I don't own the place. It's just a suggestion.

(and I did contribute my knowledge to clear up any misconceptions that may have been formed based on the misinformation posted.)
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FutureBillionaire
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Postby FutureBillionaire » Wed Mar 12, 2014 1:39 pm

djrez4 wrote:Opinions are fine. Neglecting to mention facts that undercut your opinion is questionable. Deliberately choosing to provide poor information because the result supports profit motivation while undercutting the purpose of the site is downright Machiavellian.

Like I said, I don't own the place. It's just a suggestion.

(and I did contribute my knowledge to clear up any misconceptions that may have been formed based on the misinformation posted.)


I think it's good that you addressed it.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

MemberSince99
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Postby MemberSince99 » Wed Mar 12, 2014 2:34 pm

Maybe I'm being really naive, but I'm just not seeing a deliberate attempt to mislead. If you read many reviews you'll see most of them start out with something like "Is this card worth it?" And then it goes on to list the good, the bad and the ugly.
Again maybe I'm being totally naive here. But most of the reviews are like that. I can't say I've always agreed with the conclusion, but what works or doesn't for one may work for another (or not).
In the end a lot of it is going to come down to everyone's individual needs. For example, an Amex Platinum would be a horrible card for me personally. It's not that the card is horrible, it's that I could not make proper use of it to justify 450 dollars a year. Where for you it works great and you get value from it. So it just really all depends on the individual.
The thing is, when I'm the one saying we are being paranoid, we must really be going off the deep end about something as I'm usually as paranoid as they come. Ask anyone who reads the forum.

linuxmachine
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Postby linuxmachine » Wed Mar 12, 2014 6:30 pm

djrez4 wrote:Opinions are fine. Neglecting to mention facts that undercut your opinion is questionable. Deliberately choosing to provide poor information because the result supports profit motivation while undercutting the purpose of the site is downright Machiavellian.

Like I said, I don't own the place. It's just a suggestion.

(and I did contribute my knowledge to clear up any misconceptions that may have been formed based on the misinformation posted.)


I'm not too familiar with which cards provide higher payouts, but maybe you can shed some light on it. That US Airways thread ends with a couple of affiliate links. One to the US Airways card that the OP discouraged vs the Cap1 Venture card. Does this mean that the payout on the Cap1 card is higher? Or perhaps the approval rates are more favorable?

I'm somewhat familiar with the psychological subtleties of the approach. People tend to make comparisons if they are available and overvalue the choice that may in reality be only slightly better. Once you convince a person of this advantage, they will bite more easily to the offer. This is why providing discounts on marked up prices work really well.

In terms of affiliate payouts, however, I'm rather clueless. :(

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Postby nismoZtuner » Wed Mar 12, 2014 7:01 pm

Moneytalks wrote:Are you referring to the rumors about the CSP annal fee increase??



how much was that increase? I believe it was $95 a Year
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