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re: Shoppers that use cash/debt are are subsidizing Americans’ cc reward points by $30billion
Posted on 6/3/26 at 1:57 pm to Pelican fan99
Posted on 6/3/26 at 1:57 pm to Pelican fan99
quote:
Pelican fan99
No cap
0
Posted on 6/3/26 at 2:03 pm to TigerintheNO
Actually, my checking account pays 8%, as long as there is one direct deposit a month and 15 debit card transactions. Kinda hard to replicate that in rewards on a CC.
Now I will admit it is limited to $35k.
Now I will admit it is limited to $35k.
Posted on 6/3/26 at 2:03 pm to Jackie Chan
quote:
Sounds like people still paying with cash/debit haven't caught on and thats thier problem
They probably have bad credick and can't get approved for a credit card. Or at least not one with decent rewards programs.
Posted on 6/3/26 at 2:04 pm to TigerintheNO
Apple Pay has been great
Posted on 6/3/26 at 2:08 pm to TigerintheNO
Blockchain payment networks such as Polygon can process payments for fractions of a cent. By using stablecoins, customers and merchants can transact digitally without the price volatility often associated with cryptocurrencies. Modern payment platforms handle the blockchain technology in the background, allowing users to pay with a simple app, QR code, or wallet just as easily as using a credit card. The result is faster settlement, dramatically lower processing costs, and a simple payment experience.
Posted on 6/3/26 at 2:14 pm to Breauxsif
quote:
Lots of minorities/poor folks do.
Do you realize how stupid you are?
I am far from poor and I use mostly cash.
Posted on 6/3/26 at 2:17 pm to RedPants
quote:
But if you could Thanos snap all credit cards out of existence, the retailers would still maintain the current prices and pocket the profits
If you eliminated credit cards the demand for most goods and services would plummet.
Posted on 6/3/26 at 2:18 pm to Ponchy Tiger
quote:
I am far from poor and I use mostly cash.
So what do you want a medal old man? I was stating minorities and poor folks use cash because they have to, not because they want to.
Posted on 6/3/26 at 2:22 pm to TigerintheNO
I find myself more mindful of my purchases when I use cash. It's so easy to swipe a card and sometimes forget about the small but wasteful spending.
Posted on 6/3/26 at 2:25 pm to Y.A. Tittle
quote:
I remember when it used to be extremely rare to ever see an establishment add a surcharge when using a credit card. Hell, I think I even started a thread here a few years ago the first time I saw it on the menu at a semi-upscale kinda place, thinking how cheesy that seemed.
Now, it's hard to find a place that DOESN'T do that.
I guess most people dont know how it works with CC processing companies work when you own a business.
They consistently find ways to drain every possible drop they can out of the business. Vast majority of my clients use credit cards and that percentage has continued to go up over time.
You agree to fee percentages to start that basically become imaginary. They then send you a statement with varying fee amounts and percentages to make it confusing as possible. Not too long ago, without notice, they started charging me to store clients CC info in addition to the CC surcharge.
So its easy to see why business make the decision to pass along the CC charge to the client or offer a debit/cash/check discount. As time goes on the business are losing more profit on CC purchases just so the client can get rewards points.
Posted on 6/3/26 at 2:33 pm to Pelican fan99
quote:imagine having every single cup of coffee you purchase being analyzed by massive government AI algorithms.
Imagine still using cash in 2026
Posted on 6/3/26 at 2:36 pm to Breauxsif
Dude quit being a twat. If you want to handcuff yourself to a piece of plastic go right ahead. But just know you are doing nothing but hurting yourself. Good luck when you get hacked and they still your information plus drain your account. You are the motherfrickers I laughed during hurricanes who couldn’t buy shite because their card wouldn’t work. Oh and if you think we are headed for a cashless society good luck with that one also. No way the cartels allow that to happen.
Posted on 6/3/26 at 2:38 pm to Ponchy Tiger
quote:a $150 dinner out on a date night feels a whole lot more painful when you're peeling off 20s instead of tapping a card and makes you think a little bit more about your spending habits.
I am far from poor and I use mostly cash.
Posted on 6/3/26 at 2:40 pm to Ponchy Tiger
quote:
Good luck when you get hacked and they still your information plus drain your account.
Hacking a credit card isn't draining your bank account. The credit card company eats that. As far as stealing your information, there are plenty of other ways for hackers to steal your info besides a credit card.
Posted on 6/3/26 at 2:40 pm to More beer please
I'd use my debit card just as easily as CC, no issue there. Problem is, I'm pretty sure you get hit for processing fees using a debit card too as debit cards are Visa or MC anyway. So what incentive do I have to use a debit card and get charged the surcharge?
Maybe I should just go back to writing checks. Oh that's right, lot of places don't accept those anymore either. Don't want to get hit with a bad one.
Maybe I should just go back to writing checks. Oh that's right, lot of places don't accept those anymore either. Don't want to get hit with a bad one.
Posted on 6/3/26 at 2:41 pm to TigerintheNO
Ahh an OT classic. There will be old fricks in here who will swear up and down that they regularly benefit from carrying and using cash in the day to day life.
Posted on 6/3/26 at 2:42 pm to SoDakHawk
quote:once upon a time we were a civilized country and people believed what you wrote on those little paper rectangles equated to funds backing it up.
Maybe I should just go back to writing checks. Oh that's right, lot of places don't accept those anymore either. Don't want to get hit with a bad one.
trusting society.
that ship has sailed
This post was edited on 6/3/26 at 2:44 pm
Posted on 6/3/26 at 2:49 pm to CAD703X
quote:
imagine having every single cup of coffee you purchase being analyzed by massive government AI algorithms.
That's hilarious thinking that using cash prevents this.
Posted on 6/3/26 at 2:51 pm to TigerintheNO
quote:
largely go toward funding rewards programs.
The absolute frick they do.
Rewards have been capped at shite levels for decades now.
This post was edited on 6/3/26 at 2:53 pm
Posted on 6/3/26 at 2:53 pm to JohnnyKilroy
quote:i mean, its a bit harder at least to track than every single transcation getting instantly timestamped, desccribed and logged into a permanent record as it happens.
That's hilarious thinking that using cash prevents this.
This post was edited on 6/3/26 at 2:58 pm
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