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Lots of people contend people who pay through means other than credit cards actually pay it through higher prices, where you get part of it back.
by gte910h 15y ago
Lots of people contend people who pay through means other than credit cards actually pay it through higher prices, where you get part of it back.
- infinite8s 15y agoThis is why I think "cash-back" cards are basically in an arms-race with alternative forms of payment. The cash you get back ultimately comes from higher transaction fees, which translates to higher prices, and so people who don't use cash-back cards end up getting charged higher. The only rational thing to do is use cash back cards for all your purchases, which in the large scale makes just escalates the process.