Genius Ideas in Las Vegas

As I was having dinner with my cousins tonight, I realized that Las Vegas has done some amazing things to remove money from your pocket. Here are three things that I feel are the smartest.

ONE: Beer Pong at O’Sheas – imagine you are in college, you have been playing beer pong in your dorm room for four years and now that you’re 21, you are in Las Vegas. You don’t have a lot of cash and you are not too interested in playing $25 blackjack. As you’re walking down the street, you see o’Sheas has beer pong. 4-hours later, your wasted and you spent about $200. On top of that, as you are walking out of the hotel, you spend another $100 on blackjack because your too wasted to not play. That was $300 worth of beer pong. Genius!

TWO: Oxygen Bars and Water Massage in the Malls – I have seen these in many malls in Souther California, but I have never been interested in trying them. I’m sure you feel the same way, and so do all the customers sitting at the oxygen bar and getting massages. There is something magical about Las Vegas that makes people want to do something they won’t do at home. It could be as complex as getting a tattoo, visiting a hooker, or something as simple as getting a water massage. Genius!

THREE: Painting the ceiling of the mall to look like dusk – today we had lunch at the mall inside the Venetian. I stress inside because when we put our name in at the front, we were asked, “Would you like to be seated inside or outside?” We then had to take a group evaluation and the conclusion was, “Outside is good, it’s nice out right now.” But there is no OUTSIDE, there is only INSIDE. We were covered by 42 floors of steel and concrete. The air was cool and still, the light was artificial and unchanging, but today, I had lunch outside, inside the mall at the Venetian and I never once considered leaving the mall and going to a great local restaurant only a few blocks away. Genius!

There are plenty more Genius ideas in the City of Sin. I’ll be sure to let you know all about them.

Capital One: What fees are in your wallet?

So I just got a lovely call from my credit card company, Capital One. It was a courtesy call and they wanted to make sure I know that the federal government has required them to call me. Why, because of the new credit card regulations that are taking effect in Feb.

She was letting me know that I now have an option when it comes to overages. I could stick with the way it is now or I could opt out. Not being sure what the current way was, I asked. I was informed that currently, as a courtesy, if I made a purchase on my card, but didn’t have the credit to cover the purchase, Capital One would accept the purchase and then simply charge me a fee to cover the purchase. In addition, if I decided to keep this option, Capital One would like to reduce the service fee they charge for this service. Instead of paying $39 per overage, I would only pay $29 for each overage.

So let me get this straight, I have a credit card with a $750 limit. If I try to spend $751 dollars, instead of declining the charge (like the good old days), they will accept the charge and add a $29 service fee.

So I asked her, “instead of charging me, why don’t you increase my spending limit?” Her response, “Well, you don’t qualify for a limit increase.” Really, so if I pay you $29 each time I want a temporary limit increase (which is basically what is happening) that’s fine?

My other option, it turned out, was to decline this service and in the event that I tried to charge something and didn’t have enough credit, the charge would be declined. Um…I thought that was how it worked in the first place. Call your credit card companies and make sure you opt out of this “feature”.

For more information on the reforms the credit card companies have to follow, check out this Frontline episode, your tax dollars paid for it anyway.