WTF Chase?

posted December 9, 2011 by Jer

Jer

Okay, I've been a pretty vocal lately about politics and economics, but today's post actually isn't about that. Well, I'll leave it to you to decide if it is or not. I want to share with you this amazing letter I got in the mail from Chase bank. Take a read, and let me know if this sounds just a little weird to you.

Offer from Chase Bank to get $150 if you open an account of $10,000 or more.

So the deal goes "We'll pay you $150 if you deposit $10,000."

Who exactly is the target audience for this? I know a lot of people who could use $150 right now, but none of them are people who have ten thousand dollars kicking around to toss into a savings account for three months. I don't think I know anyone who does have $10K they don't know what to do with, and the second part of that clause is key. I'd assume that most thousandaires are seeking a slightly better return on their investment than .5%/month.

I really would love to make some kind of Occupy statement about this, but this is just a good old-fashion run-of-the-mill fail.

Wow.

Update: the rate of return isn't too far off, but that doesn't make this less weird.