Translation: unsecured lending to the masses Also translation: this won’t last

@ImmutableLawyer This is just a different way to do cashback. Their card program gives them 1–2% in interchange fees per user transaction and they can use that revenue to power this program. Nothing as insane as what you’re describing.

@gminoprio @ImmutableLawyer Yes it’s just a different way of giving out cashback don’t understand why everyone is overstating it as something it isn’t

@rishabhjava @ImmutableLawyer probably because of that 😂

Your reductive argument shows a lack of understanding of what this product is and it shows. This isn’t a ‘different way of doing cashback’ but rather you’re giving them an arbitrary right as to whether you get credited or not. There’s a ‘different way of doing cashback’ which many have tried and ‘a flawed way of cashback mechanisms’ which is what this is. Thankyou for your attention to this matter. And oh, btw EU/ACC always