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re: Credit Card Debt
Posted on 10/26/19 at 4:45 pm to BurningHeart
Posted on 10/26/19 at 4:45 pm to BurningHeart
quote:That's the vendor's problem unless they offer a discount for cash. Will amazon or Ruth's Chris or British Airways give me a discount for cash?
Businesses pass 3% CC fees to customers, and people get 1% cash back and call it a reward
Yess sir may I please have another
1
Posted on 10/26/19 at 4:46 pm to nugget
quote:
And if you don’t do it, you’re still getting passed along the fee. You’d be dumb not to do it. Plus I get a lot more than 1% back
Of course you have to do it. But I dont get excited about rewards.
Posted on 10/26/19 at 4:47 pm to achenator
quote:
That's the vendor's problem unless they offer a discount for cash.
No it's the customer's problem because businesses just pass along fees.
Posted on 10/26/19 at 4:49 pm to John88
I have zero, but I also pay it off completely at the end of every month. I had bad credit after some idiotic spending as a college student. Last month I finally got back over 700, which is a testament to how well I’ve handled my finances since.
Posted on 10/26/19 at 4:51 pm to BurningHeart
But you’re paying the fee when you use cash anyway. Might as well get something back
Posted on 10/26/19 at 4:55 pm to BurningHeart
quote:
No it's the customer's problem because businesses just pass along fees.
They’re also not passing along the entire fee because it’s a free market.
Posted on 10/26/19 at 4:58 pm to nugget
at all the people defending their "rewards" You're literally paying 3% more each purchase just to get 1% back each month.
Posted on 10/26/19 at 5:00 pm to BurningHeart
quote:
Of course you have to do it. But I dont get excited about rewards.
I get excited about free flights to Europe.
Posted on 10/26/19 at 5:01 pm to BurningHeart
quote:
You're literally paying 3% more each purchase just to get 1% back each month.
Lol at you d- understanding of market economics
Posted on 10/26/19 at 5:03 pm to BurningHeart
quote:what’s your point. Do you get a cash discount at target?
Businesses pass 3% CC fees to customers, and people get 1% cash back and call it a reward
Yess sir may I please have another
Posted on 10/26/19 at 5:04 pm to nugget
quote:
Lol at you d- understanding of market economics
Joke's on you
Anytime a mandatory fee is added to all businesses, prices go up as a whole.
How do you not understand this? You really think you are making out ahead with your CC?
Posted on 10/26/19 at 5:06 pm to GreatLakesTiger24
quote:
what’s your point. Do you get a cash discount at target?
I made my point already
CC's are a necessary evil, but "rewards" aren't something to celebrate. It's like celebrating a tax refund, only much worse
Posted on 10/26/19 at 5:17 pm to John88
$0 but I’ve flirted with balances before, frickING BEWARE
Posted on 10/26/19 at 5:18 pm to 03GeeTee
What’s your credit score?
Posted on 10/26/19 at 5:21 pm to BurningHeart
quote:
Anytime a mandatory fee is added to all businesses, prices go up as a whole.
It’s not linear for a few reasons. First, margins are slightly cut. Second, not all people are using credit cards. Third, your theory doesn’t work when there’s competition between stores. I’m definitely coming out ahead with my CSR.
Posted on 10/26/19 at 5:26 pm to nugget
quote:
It’s not linear for a few reasons. First, margins are slightly cut. Second, not all people are using credit cards. Third, your theory doesn’t work when there’s competition between stores. I’m definitely coming out ahead with my CSR
Posted on 10/26/19 at 5:28 pm to BurningHeart
No retort, but wouldn’t expect it because you’re lost in this conversation.
Posted on 10/26/19 at 5:32 pm to nugget
Yeah ok. You, of hundreds of millions of people, somehow found a way to scheme the system
Posted on 10/26/19 at 5:34 pm to BurningHeart
quote:it's a dumb one
I made my point already
quote:they're not similar at all
CC's are a necessary evil, but "rewards" aren't something to celebrate. It's like celebrating a tax refund, only much worse
Posted on 10/26/19 at 5:34 pm to John88
I use my credit card for everything. I pay it off every month except most months I just pay the minimum bc I can’t afford to pay it off all the way.
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