5 ms·
It's not free. They take the enormous margin they get off the sellers and kick you back a few peanuts. Essentially, the sellers pay a tax, and you get a small d
by orthecreedence 8y ago
It's not free. They take the enormous margin they get off the sellers and kick you back a few peanuts. Essentially, the sellers pay a tax, and you get a small distribution of the tax, and as a result all products are more expensive.
Points are useless.
- icedchai 8y agoThe products are going to be more expensive for everyone. Would you rather have a card that offers 2% rewards points or one that doesn't offer any? You are obviously better getting the points.
- orthecreedence 8y agoI understand how it works. I'm taking a bigger picture view and saying that if nobody had points, everything would be cheaper than if you had gotten the points in the first place. Obviously in the current climate, a card that offers points is going to be more competitive than a card that doesn't, but that doesn't mean that points aren't a mind-bogglingly stupid proposition to begin with.
- masonic 8y agoYet those sellers don't offer their own discount or cashback for not using credit cards.
- philipov 8y agoYes they do. Gas stations have a Cash Price for not using a credit card. The ones who don't are just pocketing the difference because so many people don't think about what they're paying for.