Originally Posted by
privatefarmer
man you people are paranoid....
do you really think the credit card companies are so naiive that they are unaware what MS is and that it is done??? they have bigger fish to fry than worry about a small fraction of a percent of the population making a few bucks off them.
They post sign on bonuses KNOWING that a small percentage of the population will simply sign up, MS to get the bonus, and then close the card. if they cared that deeply they would ban ppl from frequently signing up (like chase has) but that makes them less competitive with the general population, risks vs benefits.
as long as the economy is good and there is money to lend, banks will offer signup bonuses for credit cards, checking accounts, etc. some people just need to have SOMETHING to worry about 24/7...
There are some very obvious, basic truths about this activity that many people fail (or refuse) to grasp:
The more attention that any of this gets, to sooner the banks and airlines and other parties (who are ultimately funding us) notice, or are moved to respond to cut their losses by moving to close it down or at very least make it harder. The more attention things get, the more that clueless noobs without a lick of common sense swarm the existing exploits, which brings both more attention from the banks and makes their losses even more obvious (and action to stem those losses more urgent). The more that people keep their activities "below the radar", the longer things can run.
It's not a coincidence that lots of exposure inevitably leads to opportunities being shut down. It happens over and over again. Has for years. Has recently.
The companies funding all of this are not run by morons at every level. They take action when they feel they need to. When articles like this go mainstream, when bloggers openly mock them, when people boast online that they have been playing these companies for suckers and here's how you can too, that's when they move to close off opportunities. The death of nearly every opportunity over the past 12 months is a direct result of that.
Why would anyone expect this not to be the case?