Perhaps you’re following the debacle in which ING Direct closed a large number of customers’ Electric Orange checking accounts due to bad credit, and then retracted many of the closings. Now, perhaps in a move to gain some public relations points after a major loss, they are offering cash back to what appears to be a limited number of customers. Here is the email some customers have received:
That’s right, from June 1, 2007 to July 31, 2007, when you use your Electric Orange MasterCard® Debit Card to make a signature-based purchase, you’ll get 1% Cash Back, up to $500, on what you spend, anywhere. It’s simple. Just use your Card for every-day purchases like, groceries, clothing, gas, or even to pay utility bills and insurance premiums. It all adds up to a Cash Back reward for you.
Even if this offer had been extended to me, it’s certainly not enough of a benefit for me to switch from using my Citi Dividend Platinum Select Card, although even that card has reduced its cash back recently.
I am curious as to which customers have received this new ING Direct cash back offer. If you have an Electric Orange checking account, leave a comment here to let me know if you (1) had your account revoked and reinstated and (2) have received the cash back offer.