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2023-11: Warosu is now out of extended maintenance.

/ck/ - Food & Cooking

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10741510 No.10741510 [Reply] [Original]

what is this all about?

>> No.10741528

>>10741510
Orange Bank (an online bank run by ING) tried this about 10 years ago. The idea is to appeal to people who are scared of online banking, by having a physical location to convince them that it's real, without actually doing any banking there.

It's a stupid idea, because anyone who is afraid of online banking isn't going to be swayed by coffee, and they shut those down after a short while. But maybe part of it was that nobody knew WTF "Orange Bank" was.

Capital One has a more recognized brand, chiefly among fuckups who don't know how to handle money, so maybe their market research convinced them that it would work better this time.

>> No.10741659

>>10741528
wow. thanks for the insight. thats very bizarre.

>> No.10741678

>>10741528
canadian here, why is capital one bad?
is it like a payday loan place?

>> No.10742038

>>10741678
They're the big national bank that focuses on secured cards, ie they give you a credit card if you also open an escrow savings account that they can draw from if you stop paying. It's less people currently being bad with their money and more people who were broke in the recent past, since doing this is exactly how you get back on the wagon (it shows as documented savings plus also hopefully a documented record of making payments.)

This may actually be a good idea if they take payments in person, since a lot of the time whatever you fucked up to not have access to normal credit also means that you can't get a regular bank account to pay your credit cards from and puts you in the trap of needing to either go to the post office during work hours or pay Western Union ten bucks every month to send your card company $50.

>> No.10742449

>>10742038
The credit agencies used for credit card accounts are different systems from the ones that handle bank accounts

To get a visa for example they pull from transunion or similar, which tracks current debt load, missed payments, and credit line applications

To get a checking account they pull from chex systems which tracks check fraud, overdraft history and such

In practice it’s highly unlikely anyone would be in a position to apply for a card, secured or otherwise, if they were in such bad shape that chex systems blacklisted them from ordinary consumer banking

>> No.10742554

>>10742449
In theory this is true, in practical reality completely defaulted payments usually come after a few months of overdrafts while you try to skate. Even the most desperate people will try to shit out a minimum payment because they know what missing it does to credit checks, and that's often a recipe for five or so overdrafts in a single day as that one gas station which processes weekly closes out your five separate purchases of $5 in unleaded right after you drain your account on groceries and making your credit card payment.

>> No.10743065

>>10741678
It's a shit company, I used to work for them in VA, it's one of the lamest shit companies that I've worked for. I've worked for some decent banks as well but that one is shit.

>> No.10743149

I dunno what the cafe is I have never seen any ads for it in my statement. But I dunno where these guys are getting the capital one is bad thing. My second favorite card is my venture card, I get double points at resturaunts and triple at hotels. The miles aren't bad to use. And I have a 5k limit with a 720 score. And it is my only product with them so it is not secured.

>> No.10743171

>>10741510
late stage capitalism

>> No.10743199

cafe for employees?

>> No.10743270

>>10743149
They're the bank equivalent of walmart. The employees are not intelligent, and the products are at best, passable. Any kind of complicated request has to be explained like 4x and they end up fucking it up. Not really sure if it's because they don't care, or it's just the "stupid people haze" that comes from being around, and catering to, dumbfucks, 24x7. They get by on staking out the "poor people" slice of the pie, and the other companies are happy to leave them with that.

If you were to ever get a higher tier card, say a Chase Sapphire or Discover or Amex Blue, and have a reason to interact with a call center, you'll see. Night and day. It's like transferring from DeVry College of Criminal Justice (nights and weekends division) to the University of Pennsylvania.

>> No.10743301

>>10743171
Fuck off, do you really beleive your own bullshit or are you being paid to shill that shit?

>> No.10743305

>>10743270
>Discover
>higher class

>> No.10743313

>>10743270
>intelligent
Yeah right, only you are.

>> No.10743322

>>10743305
It's not a high class card, but it's higher than a Capital One Venture card

>>10743313
I'm watching Rick & Morty simultaneously in English and overdubbed in Japanese, what have you accomplished today kid?

>> No.10743340

>>10743322
I made you look like an asshole with a simple sentance, what more should I do?
Saving niggers? I don't care about them.

>> No.10743344

>>10743340
Oh, hey Luthier Guy. Haven't seen you in a few days.

>> No.10743348

>>10743344
>Luthier Guy
Who is that why should I care?
Is that some cult weirdo?

>> No.10743356

>>10743344
Explain youself you freak, I'm not looking up shit that you can't explain in the first place.

>> No.10743372

>>10743356
>>10743348
You don't even need a tripcode, you're so obvious.

>> No.10743382

>>10743372
So are you, do you often see flying saucers and lizard people?
Do you still make $8/hr at your age?
I suggest that you seek therapy.

>> No.10743391

>>10743382
Yes, next you start posting random music links on youtube. And then you mention what you're drinking. And whoever you're randomly raging at (at this point it barely even matters, any target will do) is 13 (why specifically this age, I never understood). And then some kind of depressing projection about what "my" state of mind must be, revealing whatever horrible thoughts about your life are swirling through your drunk mind that evening.

You will probably have replied to my previous post twice by the time I manage to fill out the captcha.

>> No.10743394

>>10742449
Perhaps in the us. Here in Canada we (at least the bank I work for) use Equifax for everything from overdraft to mortgages. That said we also have a regulation called "Access to basic banking services" whereby we're legally obligated to provide you with a single chequing account unless you've been trespassed from our property.

>> No.10743450

>>10743394
Based canada! Your pres grew a pair and told orange boi to fuck off.

>> No.10743464
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10743464

>>10743450
or he'll hit him with his purse?
lol

>> No.10743620

>>10743464
Unfortunately, this is probably closest to the truth.

>> No.10744694

>>10743391
You come across as a pissed of jilted ex-girlfriend.

>> No.10744704
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10744704

>>10743464

>> No.10744721
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10744721

Even more baffling corporate brand cafe incoming.

>> No.10744724

>>10744721
just makes your mouth water looking at it.