What? $220 on the regular store and $343.75 on the referral store?

[hydbob]

Can you explain how its a fraction with 1099 it is coming near $100 in value so it’s a fraction of $220 from your terms?
We are trying to understand the value estimate of the points and why it is not matched to the cash value?

Isn't 99/100 still a fraction?

 

[hydbob]

Geez... Try to get a specific answer to a specific question...

I mean, they set the value, but it doesn't mean it will stay the same. Lobby a complaint and they may change it like they did with the charger.

 

[sri]

Isn't 99/100 still a fraction?

I am fine it being more in reward store unless they dont send 1099 since i may have few points that may expire unused.

 

[sri]

I mean, they set the value, but it doesn't mean it will stay the same. Lobby a complaint and they may change it like they did with the charger.

I messaged and called Lucid. The moment i mentioned this issue they disconnected me and no response in chat

 

[hydbob]

I am fine it being more in reward store unless they dont send 1099 since i may have few points that may expire unused.

But really, a 1099 is typically taxed at 30% before any deductions in your taxes right? So even if the Lucid referral cost is $343, the amount you pay on it is only $103.

Not a CPA, so don't listen to anything I say.

 

[sri]

But really, a 1099 is typically taxed at 30% before any deductions in your taxes right? So even if the Lucid referral cost is $343, the amount you pay on it is only $103.

Not a CPA, so don't listen to anything I say.

Yes, which brings the cost of the product down to 50% and this is not really we are buying using rewards. I am just trying to understand why Lucid is doing this to offset there costs.
Technically all this rewards will be less tax on Lucid and offset to us(my understanding considering this similar to bonus). I think Lucid should do the other way around on the reward value(bring more value or same as cash value at the least not more)

 

[hydbob]

Yes, which brings the cost of the product down to 50% and this is not really we are buying using rewards. I am just trying to understand why Lucid is doing this to offset there costs.
Technically all this rewards will be less tax on Lucid and offset to us(my understanding considering this similar to bonus). I think Lucid should do the other way around on the reward value(bring more value or same as cash value at the least not more)

They may in the future, but this is what we agreed to when we signed up to be part of the program.

 

[Buffalo Bob]

Thank you, Lucid, for fixing the redemption rate imbalance. I'll wager you had a hand in this fix, @marqie, so many thanks to you specifically.

Do you have any advice for those of us who had already booked orders at the 2,750 point redemption rate?

 

[Murcie]

Nice.

 

[sri]

Great, i reported an incident this morning.
They fixed it really quick. Now i need to check what happens with my order

Lucid proved best service.

Thank you, Lucid, for fixing the redemption rate imbalance. I'll wager you had a hand in this fix, @marqie, so many thanks to you specifically.

Do you have any advice for those of us who had already booked orders at the 2,750 point redemption rate?