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As with all things in economics, it’s not a free lunch. The cost of credit has already been priced into everything you buy. In this case, you can choose to ma
by projektfu 7y ago
As with all things in economics, it’s not a free lunch. The cost of credit has already been priced into everything you buy. In this case, you can choose to make a small amount of money in exchange for some headache of making sure payments go on time, or leave it alone. If everyone eventually takes 2% rewards, instead of using debit cards and plain cards, the cost of credit in your purchases will rise from about 1.8% to 2.8%.
- smabie 7y agoYou make a really good point. What one is actually doing with my strategy is arbitraging between my behavior and everyone else’s.
- throwaway35784 7y agoWhat is the dollar value of that behavior relative to other behavior? In other words don't neglect to consider opportunity costs.