You know how stupid I think Student Loan rebate credit cards and Home Mortgage credit cards are. Well, CV Rick has gone out and found something even more stupid.
Introducing a credit card that gives you World of Warcraft points. For every dollar that you charge, you get a WoW point.
Admittedly, I have no idea what a WoW point is or how valuable it is but it seems like it's a game component. You spend real money so that you get game points.
The interest rate is somewhere between 10 - 14% unless you make a late payment or go over your limit. If that happens then in addition to the $35 late payment fee and the $35 over the limit fee, your new interest rate will be 32%. A rate like that really should be illegal. They make is so that if you slip up just once, it's very difficult to get free of their clutches.
I know people that play Wow and I know how addictive it is. I also know how much they quest to get to higher levels. If these points have anything to do with that, these cards are going to sell like hotcakes.
The people at Visa are smart. WoW is an addiction. That's an easy way to score some money. Piggyback on an addiction. It won't be long now until we have other great cards available to us, like the Marlboro Visa and the Budweiser MasterCard.