BlockFi Credit Card Offers 3.5% in Bitcoin Back for Purchases

[Overnight]

Most people who spend 50K a year. I hardly ever spend cash.

Why? Because of germs?

 

[deaddog]

I just applied for this card earlier this morning, so I'm passing it along for those that might be interested. Getting rewards for credit card purchases (that you would be making every month anyway) in an asset like BTC that is increasing in value every year seems like a smart idea to me.

Increases in value every year. When I look at a chart it was in the 60 range March of last year.

At least I can tell you to the dollar how much my Costco cashback card will buy me.

 

[deaddog]

Why? Because of germs?

No because it's convienient. Although Covid has everyone afraid of dirty ole dollars.

 

[easymon1]

Why? Because of germs?

Good Times. Invigorating.
"The first pocket that's fat..."

Here's a bonus track for you vibraphone fans: youtube.com/watch?v=wmYkdC99s0Q

 

[Pekelo]

Although Covid has everyone afraid of dirty ole dollars.

98% of all dollars are digital. Can you catch covid via a computer?

 

[Scataphagos]

Did you shop cars at Costco?

I checked into it once but their plan wasn't as good as I was able to negotiate with a dealer. However, if you just want to "save a grand" on an easy, no hassle car purchase.... Costco would be OK.

One of the things I used to do was lease cars.

So, you know about MSRP and "invoice" (price manufacturer supposedly charges the dealer), right? Well there is also a thing called "hold backs". That's when the dealer has already agreed to the invoice price... payable in the future in like 90 days or so... and the manufacturer grants the dealer a "hold back" to move more cars. So instead of the dealer paying the invoice price of say, $35,000... the manufacturer tells the dealer they can "hold bacK" say, $1,800... and pay the manufacturer only $33,200. If you negotiate with the dealer or the fleet guy who does leases... and you ask about "any holdbacks"?... sometimes the dealer will give you part of it in a lower price in order to move the car.

It can be a money saving effort to negotiate with a dealer and not be in too much of hurry to get that new car "right now". Check the web. You can even sometimes get a better deal in another state even when the seller has to cope with shipping cost. Best time to buy often is near the end of the model year.

 

[deaddog]

98% of all dollars are digital. Can you catch covid via a computer?

Jeez I should have said cash!!
We were discussing germs.
Interesting stat though, where did you find it? Only 2% of the money supply is actual cash?

 

[The_Krakenite]

I have very little interest (at the moment) for BlockFi. That could change after the IPO.

Keyword (could). I don't buy IPOs until at least a year or two after, when the shares are at 50% or more discounted