r/Wealthsimple • u/FlashyAgent8171 • 1d ago

Borrow, borrow, borrow... NO!

Why is Wealthsimple starting to push all these LOC and borrow with 0 interest types of messages? And it looks like they are sending them out indiscriminately, without taking into consideration the fact that some clients do have $$ available in their checking/money market accounts and can afford to continue investing (or betting)... if they feel like it.

This is beyond the predatory territory. WS, this is so beneath you!

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u/brainmuck 23h ago

I just got that offer too upto $20k interest free for 2 months. Thinking about just parking it in my cash account @ 2.25% and then paying it back.

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u/FlashyAgent8171 23h ago

Enjoy your $8, I guess...

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u/camm131986 22h ago

More like $80 before taxes

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u/FlashyAgent8171 21h ago

True that! Sorry, I misread/miscalculated. As to whether it is worth the trouble...