Most Unusual Credit Card Deals

Credit cards open a brand new world to twists on consumer borrowing and spending. Some credit card terms are not well thought out. Others terms are just stupid, but apparently not that obvious. It pays to read all 30, or so pages of any credit card contract.

After the Great Recession, society as a whole has become much more tuned-in to the dangers and advantages of using credit cards. Consumer knowledge usually spells bad news for credit card companies. They are constantly coming up with “incentives” to attract more borrowers and card users. Here are a few of the more outlandish credit card terms.

4-Point Cashback Cards

Many card issuers are reeling-in new holders with the promise of 4 points earned rewards instead of the traditional 1 point per dollar system. The trick is, the company redefines each point to be worth only 25 cents. This would seem like marketing magic, but there are kickers. This new system usually happens in concert with other incentives like tiered percentage cashback spending. The savvy consumer can turn their credit card use, into a semi-lucrative system.

Unbelievable Luxury Rewards Programs

It’s hard to believe that someone who earns enough points to cash-in these rewards would need a credit card in the first place. Some example rewards a $3.5 million yacht for 386 million points on an Etihad Airways card, a space tourist flight for a 2 million-point drawing ticket from Virgin Atlantic, and a dive with great white sharks from Wells Fargo for only 72, 800 rewards points. What’s the point of plastic if you can afford it already? How long would it take to accumulate a third of a billion flight miles?

Carbon-Copy Card Terms and Agreements

In Russia, a man named Dmitry Agarkov received terms from a new credit card application. He returned the application form template with his own conditions etched-in. These new conditions were in his favor, and unknowingly processed by the card company. Later in court, he won his case for not owing late fees and service charges because the company “agreed” to his terms. Perhaps the strangest credit card features of all are those credit-seekers write themselves.