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Message
re: Lawmakers trying to take away credit card rewards
Posted on 7/20/23 at 10:25 pm to TJG210
Posted on 7/20/23 at 10:25 pm to TJG210
quote:
an untaxed kickback
These m'fers are allowed to talk about this?
quote:
less to more educated, poorer to richer, and high to low minority areas
You mean people that pay their balance off on time in order to get the rewards? Essentially this is an early pay discount and pretty common across all industries.
3
Posted on 7/20/23 at 10:27 pm to AndyCBR
Do you even have a credit card? My wife and I have a chase sapphire and we use it for everything and pay it off every month. Whether we pay it off every month or not, we still get points. There’s no kickbacks for payment.
Posted on 7/20/23 at 10:39 pm to AndyCBR
quote:
You mean people that pay their balance off on time in order to get the rewards? Essentially this is an early pay discount and pretty common across all industries.
Do I have to spell it out? Think of the penalty in mortgage rates a person has to pay for doing the right thing and having a high credit score to offset the discount people get with the worst credit score now.
You get penalized for doing the right thing while the frickups get rewarded under this administration…..
This post was edited on 7/20/23 at 10:40 pm
Posted on 7/21/23 at 9:10 am to AndyCBR
quote:
You mean people that pay their balance off on time in order to get the rewards? Essentially this is an early pay discount and pretty common across all industries.
I was going to post this exact thought. You don’t get points if you don’t pay on time. And yea this is a very common a/p incentive.
It can also be seen as an effective reduction in interest on credit card debt, which is not deductible for individuals. You want to tax it as revenue, increase the standard deduction. And let’s have the annual increases keep up with inflation while we are at it.
The federal government is a damn parasite.
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