This morning I noticed that metrolink was advertising for a credit card again. They are being very sneaky in the way that they advertise. How it works:
You get your employer to sign up for the card. Each month you employer puts 110 of your dollars on the credit card from your paycheck before taxes. Then you use the credit card to purchase your fair.
They advertise that not only are you saving the planet but that you are earning quite a bit of money before taxes and you get a free green bag! I have not sat down to do the math. While it might add up to be a nice sum the simple fact is that many people can't control their spending habits with credit cards. According to nbc the average American carried $9,000 dollars in credit debt in 2005. I am sure it is much higher now. I want to know what metrolink is getting out of this. Given that the average interest rate on a credit card was 13.46 in may of 2007. I think metrolink should focus on being more timely with their trains instead of getting people to sign up for credit cards.
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