My Completely Stupid Mistake & How US Bank “Got Me”
We love to talk about our wins in the miles and points hobby. We flaunt trips we booked, 8 cent per point redemption rates, new welcome offers we snagged etc. I love doing it myself, it is fun to share your wins. It is just as important to show your defeats as well, something I learned from my parents. Defeat really is the best teacher of all, and let me tell you I feel defeated right now. You could say I really put my foot into it. I did something pretty stupid and I am the only one to blame. I do think US Bank got me a little bit with some vague wording, but the fault still lies with me. Enough hyperbole, let’s get into the details.
My Application Mistake
We have some large purchases coming up for around the new cottage / investment property and of course I thought that is the perfect time to get a new card. Preferably a card with a juicy welcome offer of course. One that could help offset some of these mounting costs. That is when the US Bank Business cards came to mind. I had grabbed one for myself when the offers were first launched and the bonus was just used in my monthly college savings plan. So I figured a US Bank card was a perfect fit for this situation, we would be able to get a $500 discount on our repairs.
When I went to the application page I saw this and quickly registered, perfect we are all set.
We went through the application process and my wife was approved. I was ecstatic and then decided to go back and check what the minimum spend was again. I had thought it was $4,500 and wanted to confirm it. That is when I got a sick feeling in my stomach. If I had taken the time to fully read the offer instead of assuming (you know what assume means) it was the same $500 offer I would have noticed it had changed.
3% cash back on all purchases. New cardmembers can earn up to $500 in additional cash back in the first 180 days of opening your account.
Whomp, whomp. The offer had been updated to a 3% back offer. That isn’t a terrible offer but it isn’t what we were looking for. And with her paltry $3,000 limit the 3% will not go very far over 180 days. It was essentially a waste of our time 😥.
I will give US Bank a lot of credit. They played off the old $500 offer well and I am sure they duped a few more people into signing up, thinking the offer had stayed the same. Or, at least I hope I am not the only idiot out there 😂. Don’t get me wrong, I am the one to blame here. I didn’t take the time to look things over like I normally do. We were in a rush and that led to mistakes.
I was so mad at myself but I was able to quickly moved on. I sent her a referral to the Amex Green Business card and double dipped that offer. She will get 25,000 points after $3,000 in spend and I got a $100 statement credit for the referral. While it is not the $500 we were hoping for, it should bring in over $400 if we decide to cash out the points via the Schwab Platinum. So not all was lost, besides 20 minutes of our time and that egg that ended up on my face.
Have you ever had a brain fart like this before? Confess your sins below in the comments 😄.