Serial Switching for Rewards. Not good.

ColdIron

Gautama Buddha said you were born with two hands to take as much as you could get

He also said it was OK to misquote him to make a point

System

Interesting comments guys. I would expect nothing less.

deadendwaterfall

I'm guilty (not guilty) too, I switched a Barclay's account last year to NatWest just to get £125 which went towards two expensive sweaters from House Of Fraser. Soon, I'll be switching a second Barclay's account to Nationwide from a switching referral and get another £100.

mrmajika

Nothing wrong with being a cereal switcher. Only last week I was on Bran Flakes, but come tomorrow morning, I'll be right in about the Weetabix.

MisterMotivated

scgf wrote: »

I really don't like it when people appropriate money or other rewards through serial switching. I am obviously only speaking for myself, but this doesn't automatically invalidate my point of view. I try and lead my life according to basic values of right and wrong. If these values need firming up I refer to my own choice of religion, Buddhism, and also 'What Would Jesus Do?', which effectively amounts to the same thing. I do what I think is right, just and kind - regardless of the ethics of the other party. A person who will go out of his/her way to make money by taking advantage of rewards which companies offer to attract customers when they have no intention of using the account in the way it was intended is, in my opinion, not a very nice person, or at the very least, a person lacking in moral integrity.

Am I in a minority of one? On this forum I feel I am.

Personally, I feel that someone who takes the time to post on a financial forum with a holier-than-thou attitude, voicing their opinion that a number of members of said forum are 'not very nice people' - despite knowing nothing else about them or the multitude of good deeds they do for those around them on a daily basis - is not a very nice person.



But hey, that's just my opinion.

quirkydeptless

mrmajika wrote: »

Nothing wrong with being a cereal switcher. Only last week I was on Bran Flakes, but come tomorrow morning, I'll be right in about the Weetabix.

Ah, I realise my path of sin started earlier than I thought as I only wanted cereals for the freebie toys inside

londoninvestor

surreysaver wrote: »

If the banks didn't want people doing this, it would be in the terms and conditions

Exactly - the banks aren't stupid and if they really wanted to put in strict conditions about what a "main account" is (like for example a minimum number of debit card transactions per month), they easily could.

They will have calculated that the publicity and gain of customers from a reasonably generous and open switching offer outweights the cost of paying people like MSEites who switch serially and never really make the bank any money.

I think sometimes we forget we're a small minority among the general public!

londoninvestor

scgf wrote: »

also 'What Would Jesus Do?', which effectively amounts to the same thing

My memory of C of E primary school is a bit rusty, but is it the story of the Money Changers in the Temple you have in mind?

The one where Jesus has a cordial meeting with them, and then exhorts his followers not to exploit loopholes in their T&Cs?

JustAnotherSaver

The way i see it is basically a simple flow chart....


Question: Will i or could i end up in a police cell / courtroom / jail because of it?


If answer is yes, stop. If answer is no, continue.


My morals are base level & i'm very happy with that


And as soon as someone starts with the word "religion" my eyes glaze over and my ears suddenly stop working.

Katiehound

Well original poster does not know what any of us do with our ill gotten switch rewards and gains, so he does not need to tell me that I am 'not a nice person!'

I tell my friends about switch offers and they are too lazy to bother
I do loads of charity work.
When I needed extra DDs quite a few charities benefitted.
Yes I switch, I use those accounts for a while, maybe even several years.
Do I consider it immoral? NO