My credit score is nearly 800 and I’ve given credit card companies $0.00 but they reward me with cashback for using them. Its basically debit with rewards and more protections but you do you king
Cashback and protections paid out of higher transaction fees, merchant raises prices to cover those costs. It’s not just a magic money machine; the consumer is subsiding significant card company profits. If we all just agreed to forgo the rewards and protection there would be fewer middlemen to pay, but I don’t blame you for acting greedily (I do the same).
I understand that you can benefit if you play it correctly, but can you deny that it’s designed to fuck people over that don’t? Idk at least to me thats why i don’t even want to be part of it, even if i am doing fine with money and would net benefit, probably. I just don’t want to be part of that predatory system.
Edit: of course i am also talking as someone who grew up not exposed to credit scores at all and only ever paying debit.
Credit score = milkability score.
I follow the old-fashioned idea of buying things with money I have, debit instead of credit.
My credit score is nearly 800 and I’ve given credit card companies $0.00 but they reward me with cashback for using them. Its basically debit with rewards and more protections but you do you king
Cashback and protections paid out of higher transaction fees, merchant raises prices to cover those costs. It’s not just a magic money machine; the consumer is subsiding significant card company profits. If we all just agreed to forgo the rewards and protection there would be fewer middlemen to pay, but I don’t blame you for acting greedily (I do the same).
I understand that you can benefit if you play it correctly, but can you deny that it’s designed to fuck people over that don’t? Idk at least to me thats why i don’t even want to be part of it, even if i am doing fine with money and would net benefit, probably. I just don’t want to be part of that predatory system.
Edit: of course i am also talking as someone who grew up not exposed to credit scores at all and only ever paying debit.
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