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There was a time I would have argued against you. Now I agree with you. You're also leaving out the very important arguments against credit cards being that the
by arcbyte 10y ago
There was a time I would have argued against you. Now I agree with you. You're also leaving out the very important arguments against credit cards being that they involve taking on new debt and they lack the psychological safeguards that cash has. You hand your credit card over and you get it back plus your items. You hand cash over and you don't get it back.
- _jal 10y agoYep. Also, a small thing, but you're generating less data exhaust, not involving third parties in a simple transaction, and (depending on what and where you're buying), there is the "cash discount"/not paying taxes to the banks.
- op00to 10y agoThere's also the "cash discount" on business taxes in heavily cash oriented businesses (think pizza joints and convienence stores). I wonder how much sales tax is missing because of untraceable transactions.