Starbucks is known for their coffee but many don’t know about their secretive finance operations. In a clever scheme, the company uses the deposits of customer rewards card as a massive interest free loan to fund business operations. Is this simply a smart business move? or are customers getting ripped off? In this episode we take a look.
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“Starbucks is Secretly a Massive Bank”. I was at a Starbucks last week and can confirm, I waited in line at the drive-thru for almost 15 minutes.
The only time I ever put money on a storecard is if it comes with significant bonuses and discounts. If it doesn’t, why bother??
Ive had starbucks once in my life at it was the worst coffee ive ever drank.
Warren Buffet wholly owns the Geico Insurance Company. He takes all the yearly premium payments up front and invests in new shares . This perpetual interest free pool ensures he continues to grow exponentially