Word: joey
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...well they give you this big friendly pitch about how you can use the checks for anything, like to pay the electrician or to pay tuition!" "So?" I ask. (I too think these checks are a minor scandal, but I like to hear Joey get worked...
Some banks, Joey thinks, use these checks as a way to trick thrifty cardholders, who normally pay their bills in full and accrue no interest charges, into starting the meter running...
...Joey, every time you get checks like these you call me. This is an old story...
...seems this particular set of checks came from Joey's Pan Am-affiliated MasterCard. It's one of the many airline-affiliated Visas or MasterCards that give you a frequent-flyer mile free for every dollar you charge, even if you pay your balance in full within the grace period. To a frequent-flyer junkie, these cards are irresistible...
...First," said Joey, "I called to be sure I'd really get frequent-flyer mileage if I used these checks. ((Usually with the checks you don't.)) They | said yes. Then I made sure my account balance was zero: I paid all my outstanding charges and quit using the card. ((He switched to his United Airlines Visa.)) Then I took one of the checks they sent me, made it out to myself for $10,000 and deposited it in my bank. So I was borrowing $10,000 from MasterCard. ((He has a big credit line.)) But at the same time...