Elite Savings Club - what's the catch?

The offer says - $1,000 certificate to spend in our stores each month. This for a $49.95 monthly fee. Seems like a no brainer. Each month I buy $1,000 worth of stuff, sell it on ebay, and make out like a bandit. Of course, nothing is that easy. So, anyone had any experience with this offer in the past? I did see some very negative comments about unapproved charges and disconnected phones but they were few and could have just been bad experiences. Anybody have a good experience with Elite Savings Club?

My sister joined that club. What happens is you get a cert. for $1000.00. Now say you want to buy somting from them. Say its $695.00 You get to use $400.00 of your cert. but have to pay the $295.00 in cash. She bought a mini cam. For $695.00 When she recieved it it was very cheep looking. she also had to pay $49.95 s/h charges. So for $344.95 she got a product worth about $200.00. She may be able to sell on ebay for $100.00 So enter at you own risk. (Fred)

[quote2be2b24ea9="gator1002"]My sister joined that club. What happens is you get a cert. for $1000.00. Now say you want to buy somting from them. Say its $695.00 You get to use $400.00 of your cert. but have to pay the $295.00 in cash. She bought a mini cam. For $695.00 When she recieved it it was very cheep looking. she also had to pay $49.95 s/h charges. So for $344.95 she got a product worth about $200.00. She may be able to sell on ebay for $100.00 So enter at you own risk. (Fred)[/quote2be2b24ea9]Thank you! I knew it had to be something. So basically, they way over price their stuff and then only allow you to pay a portion of the purchase price with cert money and even with that it doesn't bring it back down to a reasonable price. Plus you are paying 49.95 per month just to be a part of this scheme.

[quote0daba495fb="gengwall"][quote0daba495fb="gator1002"]My sister joined that club. What happens is you get a cert. for $1000.00. Now say you want to buy somting from them. Say its $695.00 You get to use $400.00 of your cert. but have to pay the $295.00 in cash. She bought a mini cam. For $695.00 When she recieved it it was very cheep looking. she also had to pay $49.95 s/h charges. So for $344.95 she got a product worth about $200.00. She may be able to sell on ebay for $100.00 So enter at you own risk. (Fred)[/quote0daba495fb]Thank you! I knew it had to be something. So basically, they way over price their stuff and then only allow you to pay a portion of the purchase price with cert money and even with that it doesn't bring it back down to a reasonable price. Plus you are paying 49.95 per month just to be a part of this scheme.[/quote0daba495fb]

I would say you got it...as they say, if it seems to good to be true...

Margot wink