The scourge of fine print: Even Donald Trump’s new line of sneakers comes with caveats.

by | Feb 25, 2024 | Stock Market

Like anyone else, I’ve made my share of financial mistakes, small and large. I’ve sold a house at the bottom of the real-estate market. I’ve bought exercise equipment I didn’t use. And I’ve spent way too much on lottery tickets. But nothing quite frustrates me as much as the $300 I recently lost because I didn’t take note of an asterisk. 

It all has to do with a bank promotion I signed up for that had various requirements, including a minimum-balance one. I thought I had followed everything to the letter, only to discover that by missing that asterisk — and the fine-print disclosures that said asterisk would have led me to — I had misunderstood the terms.  Perhaps what frustrated me is that while I could blame myself, I somehow felt I wasn’t fully at fault. Couldn’t the bank have foregone the fine print (and the asterisk) and just spelled out the terms of the promotion in nice big letters? This wasn’t the first time I’ve been penalized for not paying heed to the fine print. It happened not that long ago with a credit-card offer — again, the relevant terms were lost in the land of …

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[mwai_chat context=”Let’s have a discussion about this article:nnLike anyone else, I’ve made my share of financial mistakes, small and large. I’ve sold a house at the bottom of the real-estate market. I’ve bought exercise equipment I didn’t use. And I’ve spent way too much on lottery tickets. But nothing quite frustrates me as much as the $300 I recently lost because I didn’t take note of an asterisk. 

It all has to do with a bank promotion I signed up for that had various requirements, including a minimum-balance one. I thought I had followed everything to the letter, only to discover that by missing that asterisk — and the fine-print disclosures that said asterisk would have led me to — I had misunderstood the terms.  Perhaps what frustrated me is that while I could blame myself, I somehow felt I wasn’t fully at fault. Couldn’t the bank have foregone the fine print (and the asterisk) and just spelled out the terms of the promotion in nice big letters? This wasn’t the first time I’ve been penalized for not paying heed to the fine print. It happened not that long ago with a credit-card offer — again, the relevant terms were lost in the land of …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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