Salty Cracker on Nostr: **Sneaky Marketing Notice** TL;DR: Make sure you DYOR on services offering sats back ...
**Sneaky Marketing Notice**
TL;DR: Make sure you DYOR on services offering sats back on your everyday spending. It may not be worth it.
I recently heard the CEO of Fold ($FLD) on a podcast talking about how users can earn "1.5% back on mortgage, rent," etc.
Excited, I looked into this.
As with most exciting offers, it turns out to be too good to be true.
After reading that it's in fact "up to" 1.5% back on ACH bill pay, I look into the tiers for sats back. It's also only available to paying members, at a fee of $10/mo.
At my tier (up to $5k/mo in bill pay), I'd make 0.25% sats back, and those sats back would wind up being less than the $10 fee. So I'd be better off smash buying $10/mo extra...
It would be worth it if your expenses are pretty high, but for me the juice ain't worth the squeeze.
YMMV
Published at
2024-08-30 01:08:03Event JSON
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"content": "**Sneaky Marketing Notice**\n\nTL;DR: Make sure you DYOR on services offering sats back on your everyday spending. It may not be worth it. \n\nI recently heard the CEO of Fold ($FLD) on a podcast talking about how users can earn \"1.5% back on mortgage, rent,\" etc. \nExcited, I looked into this. \n\nAs with most exciting offers, it turns out to be too good to be true. \n\nAfter reading that it's in fact \"up to\" 1.5% back on ACH bill pay, I look into the tiers for sats back. It's also only available to paying members, at a fee of $10/mo.\n\nAt my tier (up to $5k/mo in bill pay), I'd make 0.25% sats back, and those sats back would wind up being less than the $10 fee. So I'd be better off smash buying $10/mo extra... \n\nIt would be worth it if your expenses are pretty high, but for me the juice ain't worth the squeeze. \nYMMV",
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