Credit bubble: game on!

I've posted recently about how the credit bubble is back and banks are tripping over themselves to issue credit cards. Chase gave me two free round-trip airline tickets to take their card and buy a cup of coffee with it. Discover is giving me $100 cash (plus additional rewards of up to 5%) to take their card and spend $1000 within three months.

Today alone, I received another offer from Chase for $100 if I would take yet another card from them and spend $1000 on it, and another offer from Capital One offering 10,000 bonus miles to take their card and make a single purchase on it. I'm not usually one to pass up a free $100 or 10,000 free miles, but this is getting ridiculous. I don't want to keep track of a dozen credit cards.

Don't let anybody tell you banks aren't lending. Consumers aren't borrowing.

Comments

Negocios Loucos said…
CREDIT IS WEALTH MY FRIEND! And we are going to be the richest country in the world, again.....