Meghan Coyle

Everyone just made the cheapest possible expense that they could to get those five purchases.

They're like, what are the five cheapest things I could buy?

They just did banana purchase, banana purchase times five.

I love that.

Whoa, I did not know that.

I can't believe they signed on to this deal to begin with.

Wells Fargo is so happy that they're out of it now.

And then the real kicker, in addition to all these new card options with various annual fees and various benefits that come with those cards, is that not only are you able to earn points on rent, but you can now earn points on mortgage payments as well.

This did seem intriguing to me, as I said, a homeowner, because I have a big mortgage payment with my home and SF.

So I want to be able to earn points on that.

Classic.

We're going to give you rewards, but we also got to make money out of it.

So by getting members to spend more money, they have made it very complicated for us.

And they presented this in the most confusing way possible.

So literally, as we were recording this episode, they just changed it on us.

So for the listeners who don't know, we were talking and we had to rerecord part of what we were just going to say because it is different.

What is different, you ask?

So now there are a few options you have.

Option one is you can earn points on your rent or mortgage payments in tiers based on how much other spending you do on the card in one month.

Also, I'll be clear, the other spending varies based on what your rent or mortgage payment is.