I got a check in the mail today, from a company (Company A) whose online catalog I have enjoyed browsing, and from whom I have happily ordered. It was a check for $8.25.
The explanation along with it was that they "valued our relationship" - and therefore had asked an unaffiliated company (Company B) to attempt to rip me off.
OK, that's not exactly the way they put it, but that's what it is.
If I were to cash the check without reading - or perhaps understanding - the information on the back of the page, doing so would enroll me as a member of said unaffiliated company B, for $15 a month for which they would debit my card on file with Company A. The fine print gives permission for Company A to "securely" transfer my information to Company B. And for Company B to debit my card monthly for the $14.99 or the then current rate (wild card!) unless I CALL them to cancel.
For this $160/year, I become eligible to receive 2% refund on all my credit card purchases up to $5,000. Cool - I can get $100 back, if I spend $5,000 on a credit card - if I pay $160 a year for the privelege??? I can do that math! Oh, and get this: it doesn't happen automatically. After a year of membership, you have to gather up all your credit card receipts and send them in. You have a full 90 days to do it. Then they have even more of your information. If you remember to send it in. If they are even still in business by then.
I think if Company A "valued our relationship" they would not have sic'd Company B on me.
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