Originally Posted by
iahphx
Well, that will be interesting. My guess is that this Flyertalk thread and related blogs (like ViewFromtheWing) are easily worth 5,000 apps. Maybe more. So that doesn't leave many miles (the billion) left for "the public."
The "problem" for CapOne is that Flyertalkers make terrible customers for most credit card deals. Almost all of us are going to spend $1K, collect our big bonuses, and never use the card again. Many less sophisticated members of the general public wouldn't even qualify for the full 100K bonus, and might continue to use the card (and pay the annual fee) after they reach the $1K spending threshold.
In other words, I think they will regret this offer. That is, if they're smart enough to actually interpret the "results."
Yup, and most Flyertalkers will probably apply their significant other, sibling, children, and the family dog to get the miles too. Could take just a few thousand people to end this deal before it really began.
And the majority of us have at least one of the eligible FF programs with over 100k miles in it to match the full amount.