An interesting r/churning exchange regarding credit unions.
First some backstory - recently there's been an effort on r/churning by one particular user (and others assisting) to find every bank and credit card bonus out there that they could (many from obscure localized banks and credit unions).
Yesterday somebody shared this comment on r/churning about a $500 sign up bonus for $4,500 spend from a Baton Rouge credit union. Within an hour the website had crashed due to all the applications that were submitted:
https://www.reddit.com/r/churning/comments/bb6kgs/discussion_thread_april_09_2019/ekicwzo/
Well in response, a user stated that they felt it was unethical for us to abuse a local credit union and actually reached out via email to somebody there to report what was going on:
https://www.reddit.com/r/churning/comments/bb6kgs/discussion_thread_april_09_2019/ekjwde6/
Additional discussion ensued in today's Discussion thread:
https://www.reddit.com/r/churning/comments/bbkov4/discussion_thread_april_10_2019/ekjzwiz/
I thought this was interesting and worth sharing. Much of the discussion surrounds a few ideas:
- Each person in this game has to draw their own moral boundaries (i.e. do you only "abuse" big banks, would you hit up credit unions, will you have a "business", etc...)
- Is it ok for one person to decide to police others with their morals by reporting something like this directly to bank management?
- Should we treat smaller banks or Credit Unions differently than larger banks? Are they better (or any less "guilty" if that's your premise)?
- Should it be the responsibility of the business to police their own terms and conditions and who they are approving?
If anybody has any thoughts on this exchange and how they approach these "issues" in the game, I for one would be fascinated to hear them. I think it's an interesting discussion topic for our group here