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Buy More to Save More? You’re Doing it Wrong
I received a nice email from my credit card company today about a special “opportunity” for me:
Buy More, Save More!!
Sounds great, right? Here are some more details:
Take $25 off when you spend $150 to $249.99
(Wait, it gets better…)
Take $50 off when you spend $250 or more!
Woohoo – so are you ready to go shopping and “save some money?”
Well, I guess technically (in the strictest sense of the word), you are “saving” more money but on earth (where I currently reside) it seems like you’re actually just spending more. Here’s a fun quiz for you:
Q: If I buy something for $175, how much money will I save using this offer?
A: NOTHING – I will have spent $150!
I know that you see this kind of advertising all over the place but let’s get real here – my credit card company is not trying to save me money. Rather, they are trying to get me to spend more money (using their card, of course). But we are bombarded with these and numerous other similar artifices day in and day out. It is almost to the point where we are blind to the truth of the matter (or the math of the matter in this case). So, keep you eyes open out there and, of course, beware of credit card companies bearing gifts…
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[...] This post was Twitted by callcalaa [...]
he classic sales ploy is to get you to buy something you don’t need by mentioning the word discount. I totally agree that there is instead a cost not a saving!
Buy More to Save More? You’re Doing it Wrong…
Buy More, Save More!! Sounds great, right? Here are some more details: Take $25 off when you spend $150 to $249.99 (Wait, it gets better…) Take $50 off when you spend $250 or more! Woohoo – so are you ready to go shopping and “save some money?”
Well, …
Another thing that I dislike is department stores trying to peddle their credit cards to me. I went to Dick’s Sporting Goods and the lady tried to fool me into signing up for one. When I said no, she gave me a stinky eye.
Needless to say I’m not going to that store any more.
Rudy´s last blog ..Upgraded to WordPress 2.8.4
@Rudy – Resist the temptation! Ignore the stinky-eye!!
Great post to make others aware of such offers. There are new offers continually invented to get people to spend more (0% interest purchases, etc). It’s amazing how they use spending and savings in the same sentence.
Jason @ One Money Design´s last blog ..Wants vs Needs: What You Want But Can’t Have