True. But if you look under the "Gold" tab, you can see exactly how much extra you got because of the Gold bonus. They are keeping track of the bonus. If the account goes up, even with the clawback, then the bonus represents free money; it is a little leverage. If the account declines, RH claws back 100% of the bonus, even if the balance is less than was initially deposited. It certainly could wind up costing RH a bunch of money, but five years is a long long time.It would also be impossible for them to enact exit fees equal to everyone's bonus as everyone's bonus is different and will rise or fall differently over the next five years.That's not an reasonable analogy at all as you do get the bonus in your account upfront and it isn't a question of whether they pay it out or not as they would have to extract it from the account which if people followed the terms could and likely would lead to finra complaints and perhaps lawsuits.
Right. It is a contingent, deferred liability for RH. They credit your account now, but you can't get the money in hand. It is like free play at a casino; maybe RH will have to pay it out, maybe not.
Statistics: Posted by Minty — Sat Mar 09, 2024 7:14 pm — Replies 1356 — Views 97323