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To be fair, if you really aren't capable of understanding how credit cards work, "never use credit cards" is probably the best internalized advice to have. I s
by dibujante 11y ago
To be fair, if you really aren't capable of understanding how credit cards work, "never use credit cards" is probably the best internalized advice to have.
I still don't get it. My credit card is a device by which my bank gives me some incentive (aeroplan miles, cash back) to put my transactions on a card and then immediately pay them off, instead of performing those directly against my bank account.
- mikeash 11y agoWhen you buy something with your card, the bank collects a fee from the seller which is more than the value of those incentives.
- fredophile 11y agoUnless the seller offers me a cash discount this is already baked into the price. The choices are get something back from using the card or don't.
- mikeash 11y agoSure. I'm just explaining why the bank rewards you for this seemingly pointless procedure, not passing judgment on any of it.