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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 02-13-2019, 12:26 PM   #2581
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Ya'll should check out DXC. Up 34% last year. Due, in part, to my successes there. Transformation to a more digital company is positively affecting bottom lines big time right now.

Huge contracts in the pipeline as well.

Worth a bit of research, IMO.
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Old 02-13-2019, 01:53 PM   #2582
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Anyone else noticing that credit card rewards deals don't seem as good as they were 3-4 years ago?

I'm a little miffed I got a Commerce Bank card stating 3% on wireless providers axing that offering four months after I opened it up.
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Old 02-13-2019, 02:15 PM   #2583
Great Expectations Great Expectations is offline
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Auto lenders are having a rough time. I imagine that credit card lenders are doing the same right now, but with less collateral.


https://www.cnbc.com/2019/02/12/a-re...-payments.html
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Old 02-13-2019, 03:20 PM   #2584
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Originally Posted by Discuss Thrower View Post
Anyone else noticing that credit card rewards deals don't seem as good as they were 3-4 years ago?

I'm a little miffed I got a Commerce Bank card stating 3% on wireless providers axing that offering four months after I opened it up.

The banks are getting killed on credit card rebate/rewards programs. The idea is to give folks an incentive period of extra rewards (6 months or whatever) and then the customer stays on. Instead, they hop over to the next very generous program, one from the other, over and over.

As a result, banks are starting to pare back on the programs.
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Old 02-13-2019, 03:49 PM   #2585
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The banks are getting killed on credit card rebate/rewards programs. The idea is to give folks an incentive period of extra rewards (6 months or whatever) and then the customer stays on. Instead, they hop over to the next very generous program, one from the other, over and over.

As a result, banks are starting to pare back on the programs.
I mean I know about churning but they'd already put the kibosh on those types of account holders by looking at their prior applications.
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Old 02-13-2019, 05:32 PM   #2586
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I mean I know about churning but they'd already put the kibosh on those types of account holders by looking at their prior applications.

I don't have any deep knowledge on the topic. I heard about this a month or so ago -- that banks are taking larger and larger reserves against credit card rebate obligations due to people being smarter and more efficient in "playing" the rebate game against the banks.

That's all I can tell you.
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Old 02-13-2019, 06:24 PM   #2587
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Auto lenders are having a rough time. I imagine that credit card lenders are doing the same right now, but with less collateral.


https://www.cnbc.com/2019/02/12/a-re...-payments.html
The auto industry, more so the lending side, has been due for a serious correction for quite some time.

Trucks cost too much. Buying a basic model is damn near impossible and the terms they'll give you are WAY too long. Too many idiots only see the per month costs and roll into the next one without thinking about the length. Before they know it, they're driving a vehicle that isn't even worth paying off. It's only a matter of time before all the ignorance wads up in a ball of fire for both sides.
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Old 02-13-2019, 06:56 PM   #2588
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I don't have any deep knowledge on the topic. I heard about this a month or so ago -- that banks are taking larger and larger reserves against credit card rebate obligations due to people being smarter and more efficient in "playing" the rebate game against the banks.

That's all I can tell you.
I mean had I had any idea of credit card rewards beyond "points for air travel" I would have snagged a card much earlier in life so this does make sense.
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Old 02-13-2019, 08:40 PM   #2589
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Old 02-16-2019, 06:27 PM   #2590
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Old 02-17-2019, 09:00 AM   #2591
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Cashed out my UPS.

Looking for some short term trading but unsure right now..............
IQ is getting ready to explode.
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Old 02-17-2019, 09:05 AM   #2592
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IQ is getting ready to explode.
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Old 02-17-2019, 09:25 AM   #2593
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Old 02-17-2019, 09:28 AM   #2594
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Old 02-17-2019, 10:09 AM   #2595
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IQ is getting ready to explode.
So I should add another $10k to my position?
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