I was under the mistaken impression that credit was getting scarce in the U.S. credit market. I have mistakenly believed the news when they say that we're at a point where free money is over and credit will be more difficult to obtain.
I'm not sure if this supports this or disproves this, but I got an email from American Express to pimp out my friend's email address in an effort to earn $25. The email reads:
“Show your friends what Blue Cash from American Express can do for them, and you can earn a $25 Statement Credit for each friend approved. “
So let me get this right - The credit industry is in shambles and my credit card issuer wants to pay me money to solicit more people to get more credit - just in time for Christmas? Isn’t this how we got here in the first place?
BTW – Don’t be surprised to get an email from me asking you to sign up for an Amex card – but it’s completely unrelated to this…
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