This is the Worst Credit Card I've Ever Seen

Welcome back to the YNAB channel! In today's episode of Sketchy Advice, Ben delves into the peculiar world of the Dubble Card, a credit card concept that's as intriguing as it is baffling. With the Dubble Card, each transaction could either be a delightful surprise or a double dose of reality, as you stand to pay nothing or double the price! 🎲💳
📌 What We Discuss:
• Introduction to Dubble Card: Discover what the Dubble Card is and how it proposes a novel approach to purchasing, where every transaction is a mini-adventure.
• Potential Risks vs. Rewards: Ben explores the intriguing yet potentially risky proposition of the Dubble Card. Could this be an innovative way to enjoy purchases or a financial pitfall waiting to happen?
• Behavioral Economics Insight: Dive into the psychological implications of using the Dubble Card. How does the human psyche react to random rewards and penalties?
• A YNAB Perspective: How does the Dubble Card align or conflict with the principles of YNAB?
• Ben's Personal Reflections
🔍 Is It Real or Just a Gag?
Join Ben as he ponders whether the Dubble Card is a real financial product or an elaborate April Fools' joke. No endorsements or accusations, just a deep dive into the concept and its implications.
💡 Why It Matters:
Understanding the Dubble Card helps us reflect on the broader themes of choice, financial freedom, and the psychological impacts of our spending decisions. It's a conversation about the value we place on autonomy and the hidden costs of seemingly attractive offers.
📢 Join the Discussion:
What are your thoughts on the Dubble Card? Would you give it a try, or does it sound like a financial rollercoaster you'd rather avoid? Share your opinions and experiences in the comments below!
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[@softreset826]

Adding gambling to a predatory credit card, I'm assuming, it wasn't mentioned, about 30%, is just evil.

[@kathleendoodles698]

It's the standard APR nowadays, and it is 100% predatory.

[@kathleendoodles698]

To be fair, there are a bunch of really weird startups that read as an April Fool's joke.

[@softreset826]

What in the dystopia...

[@kilbeam99]

The website itself was registered on March 7th, 2024. I guess they could have been VERY late to register the domain, but it seems more likely to me it is some sort of joke/scheme. The waiting list on the site also likes to a Google form, which can be legit, but you'd think a credit card company would have their own backend for a waiting list. It could go either way, but in both cases this is a scam

[@mattatwar]

They do have a mx record set for Google workspace, A record points to web hosting provider vercel inc

[@PraetorianBen]

Thinking you're more likely to win after a streak of losses is the gambler's fallacy. Each spin is 50/50 and a coin or whatever has no memory of previous outcomes. A good way to think of this as well is W-W-W-W-L (W = Win, L = Loss) is a very specific and just as unique order as W-L-W-L-W or any other combination (if we assume 5 outcomes every time) and all have the same chance of occurring. Why would W-W-W-W-L be more likely to occur than L-W-W-W-W or W-W-L-L-W or any other combination? It wouldn't.

[@tf_9047]

Even IF this is truly a 50/50, you're throwing away the 1% rewards that all decent credit cards get on everything nowadays. If you run all your spending through a basic credit card, you'll be less stressed, and you'll get a few actually free small rewards at the end of the month or year if you want.

[@softreset826]

Regarding cash rewards, CitiBank has a double cash back card. 1% for all purchases and another 1% for all payments. They also have other higher cash backs for certain retailers at certain times. Would recommend. I run all my spending through this card, pay off the balance in full. Absolutely fantastic.

[@spidermullen]

The image on the Dubble twitter account is actually a tweet from a designer (why would they essentially retweet a designers mock up instead of using it in their own tweet?) Going to the designer's account has a proper Crypto Bro vibe - but for mobile UI ideas. A few have something similar to the Dubble Card (Apple pay roulette for example). He also promotes/talks a lot about Figma, which is a free online UI design tool (not sure I'd want my design company using free tools to design my product?) Tenner says this is just his way of getting users to his Twitter or fledgling (not real?) design studio, and that Google Form is a list of user information he can sell/cold call etc. Either way, I think scam might be too strong a word (maybe), but the designer is definitely up to something!

[@magalimasson9472]

I Looked for the date I thought it was an April fools joke then realized it was posted 6 days ago so not April 1st......... YIKES!

[@fedos]

Their Twitter account was super active at the beginning of March, but hasn't posted anything since.

[@leeoCraftylady]

this should be mandatory watching for everyone. Well explained!

[@stevenreid_youtube]

Winderful analysis on complexities of financial decision-making! A valuable watch for anyone interested in money management.

[@megananderson6700]

Whoever wrote that description on the credit card's website had to know they were promoting a terrible product and they were trying to make it sound as least bad as they could. This card combines credit card debit with gambling. Gross.

[@cwdunn2100]

This is excellent analysis

[@BlueTalonDave]

This MUST be a joke card. Imagine you get 2 or 3 coffees (for example) so you think “Ok I’ll buy a sofa now”. Then the algorithm says OK that £1000 sofa is now £2000. You will then be massively in the hole. JOKE or SCAM.

[@arambladen3087]

So it's "Habits" now, not "Rules" anymore? 🤣🤣

[@JBMotorrad]

Happiness comes from within, not from without. Don’t put your happiness in someone else’s power.

[@lavs23]

There's no way this is real😂

[@jewleecos69]

… “it has to be a joke” but APR is real. People do it without blinking, and yeah I used to do it too. 🤦‍♀️

[@conureron3792]

Wow!

[@andi33079]

I can’t find anything about it.

[@cathrynesten4364]

This HAS to be a joke.

[@gold4963]

This can’t be real. It’s either a joke or a scam. The site itself is very barebones; the only link on the site is a Google form waitlist button that I will not click. XD The idea alone is bad enough. Stay away, guys.

[@YNABofficial]

I did click that waitlist button and have received zilch, so... Hopefully my email wasn't just sold to a million data brokers. 😅 - Ben M 🤓

[@williamwarren9448]

What the heck ????