So google wants to extend credit to all you mofos

[schindyguy]

Catch is that you can only spend it on Adwords:

Google Inc is introducing a credit card for its advertising customers, offering its clients a credit line to try and drum up business as competition in the online ad market heats up.

Google is offering the card to select U.S. clients with what it calls a competitive interest rate, an ample credit line and no annual fee. The catch: it can only be used to buy search advertising on the world's No.1 Internet search engine.

The AdWords Business credit card marks Google's first foray into the world of vendor financing, common among hardware makers such as IBM Corp. It lets marketers spend more on its search ads when the need arises.

Reuters article

 

[ayzo]

Makes sense, they already have adwords invoicing so why not dip their feet into the credit world and see if there are any opportunities for expanding that into other areas. Such as gwallet,nfc payments for phones, or maybe even a consumer credit card.

 

[handrewrites]

Wow, why does this make me feel slightly sick in the stomach?

Next thing you know Google will be building casinos.

 

[ThatSwissIMGuy]

Was talking to my rep about this today, looks like it will take several weeks until it actually happens.

 

[larrybn]

Really good idea. If payouts won't happen for another week but you are killing it on something then this will be perfect. Since they are basically giving a loan which you will spend on their service I expect the interest rate will be lower than a bank's.

 

[danke]

Woah, if you have an adwords campaign that prints money and the rate's legit this is going to get interesting...

 

[secretagentdad]

Fuckin awesome.
Gives you the option for leverage when its most needed.


To bad it wont last
Some idiot will find a way to kill themselves with it and give google a black eye + media firestorm.