Gem Visa is giving me $20

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Forums › Finance and wealth management › Gem Visa is giving me $20

superman

45 posts

Geek

#279807 10-Nov-2020 14:29

And all I have to do is tick up $3600 more of credit card debt. I’m so confused by this offer lmao, are these thought up by real people or automated?

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Ultimate Geek

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#2601080 10-Nov-2020 15:32

Click the Activate Offer button. You will no doubt find out what the catch is.

--

OldGeek.

Voyager referral code: https://refer.voyager.nz/6XQR2QG9Q

KrazyKid

1238 posts

Uber Geek

#2601084 10-Nov-2020 15:38

LOL

Surely it's a robot.
If it was me I would look at your past spending habits and automate a target for you to get the reward credit.

Mind you personally $20 would make me go out of my why to spend $3600.
But I might use the GEM card over another if I could easily get to the target...

rugrat

3106 posts

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#2601177 10-Nov-2020 17:31

Lol, I get $1.00 for every $150, that works out at $20 at $3000
B

NZ advantage. There’s also a higher fee one that gives $1.00 for every $100 from memory..

Edit: BNZ $40 annual fee so -$20, 6000 spend before start gaining.
What is GEM’s fees?

Linux

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#2601183 10-Nov-2020 17:50

That is an offer you would only take up if you have rocks for brains

quickymart

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#2601196 10-Nov-2020 18:11

LOL reminds me of Fly Buys in the 1990s...spend $6000 and you (might) get $300 worth of free travel! YAY! Spend spend spend!!!

Bravo2020

24 posts

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Inactive user

#2601218 10-Nov-2020 18:18

rugrat: What is GEM’s fees?

$55 Establishment Fee

$52 Annual Account Fee

25.99% Interest Rate 😲

Linux

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#2601234 10-Nov-2020 18:40

Bravo2020:
rugrat: What is GEM’s fees?

$55 Establishment Fee

$52 Annual Account Fee

25.99% Interest Rate 😲

25.99% You would have to be bonkers to take that up! OMG people can't be this stupid

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kiwiharry

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#2601244 10-Nov-2020 18:55

Ha. I only have to spend 1k to get $20

If you can't laugh at yourself then you probably shouldn't laugh at others.

Dial111

978 posts

Ultimate Geek

#2601311 10-Nov-2020 20:28

Lol mine is half of that.

Dial111

978 posts

Ultimate Geek

#2601313 10-Nov-2020 20:29

But in all seriousness, do I spend $500 to save $20 or do I spend $0 and save $500..

k1w1k1d

1519 posts

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#2601384 10-Nov-2020 22:40

No, spend $0 and save $3600. That's a much better deal!

nztim

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TEAMnetwork

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#2601390 10-Nov-2020 22:55

GEM just trying to entice you to spend money you don’t have and have horrendous internet rates

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superman

45 posts

Geek

#2601463 11-Nov-2020 06:46

Wonder why I have to spend 3,600 while another person has to spend 500. Hmmm!

To be fair, I don’t think anyone actually uses Gem Visa at that interest rate, I think that’s the cash withdrawal rate/they’d have to be in dire straits or just know they’re able to pay it back in the near future. I’ve only used it for 60 months interest free purchases myself.

MurrayM

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#2601507 11-Nov-2020 08:31

Is Gem Visa the one that retailers try to push onto people? I remember wanting to buy an expensive phone from Noel Lemming several years ago and they wanted to sign me up for it. I said I don't need another credit card and the salesperson said I could get the card and just not use it. I'm pretty sure they were receiving commission on each card they got customers to sign up for.

rugrat

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#2601744 11-Nov-2020 13:05

I think some retailers are using it to replace hire purchase, so they’re having Gem manage the risk for them.

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