4 ms·

> because I choose to pay using debit cards This is not a very smart way to do things. You'd be much better off getting a credit card with no fees and rewards

> because I choose to pay using debit cards This is not a very smart way to do things. You'd be much better off getting a credit card with no fees and rewards points, buying everything with that, and then paying it off every month. You'll have stronger legal protections on your purchases, and you'll earn reward money without paying any extra. You can even pay off your bill with the reward points. And as a bonus you'll build up your credit score, which can affect you in lots of ways unrelated to loan rates.

david927 4y ago
I know but I hate the system and don't want to be bullied into participating.
- jedberg 4y ago
  I mean, you do you, but you're really only hurting yourself here. You're literally throwing away money to stick it to "the system" which doesn't care.
  - kubanczyk 4y ago
    david927 is not hurting himself, he's simply paying a bit more for a setup which prevents him from spending money he doesn't have. Understandable approach.
  - deleted 4y ago
    [deleted]
- zhynn 4y ago
  I wish i could afford to do what you are doing, but I can't survive in 2022 USA and support my family without access to credit. It is maybe possible, but it is wildly impractical. And the ability to borrow helps to smooth out the turbulence of life (unexpected emergencies or broken things). When I was in my 20s my credit was so bad I couldn't get loans and when life threw a curveball, it could take a ton of energy to sort out how I was going to deal with it. Now I just dip into the credit that I have available to deal with the situation. But I hate it. It feels insane to me that we as citizens don't have more regulatory control over credit systems. I envy you, but I also know that what you are doing is not practical for me.
nebula8804 4y ago
So I do this but I'm beginning to suspect the real reason they have all these rewards is partially due to data selling of spending habits. Usually when you get a new card there is a little slip that details what you can and cannot opt out of when it comes to data collection and selling to third parties.
- sgjohnson 4y ago
  > So I do this but I'm beginning to suspect the real reason they have all these rewards is partially due to data selling of spending habits. No. Rewards are funded by merchants (interchange) and by people who actually pay the 19.9% annual interest.

david927 4y ago

I know but I hate the system and don't want to be bullied into participating.

jedberg 4y ago
I mean, you do you, but you're really only hurting yourself here. You're literally throwing away money to stick it to "the system" which doesn't care.
- kubanczyk 4y ago
  david927 is not hurting himself, he's simply paying a bit more for a setup which prevents him from spending money he doesn't have. Understandable approach.
- deleted 4y ago
  [deleted]
zhynn 4y ago
I wish i could afford to do what you are doing, but I can't survive in 2022 USA and support my family without access to credit. It is maybe possible, but it is wildly impractical. And the ability to borrow helps to smooth out the turbulence of life (unexpected emergencies or broken things). When I was in my 20s my credit was so bad I couldn't get loans and when life threw a curveball, it could take a ton of energy to sort out how I was going to deal with it. Now I just dip into the credit that I have available to deal with the situation. But I hate it. It feels insane to me that we as citizens don't have more regulatory control over credit systems. I envy you, but I also know that what you are doing is not practical for me.

nebula8804 4y ago

So I do this but I'm beginning to suspect the real reason they have all these rewards is partially due to data selling of spending habits. Usually when you get a new card there is a little slip that details what you can and cannot opt out of when it comes to data collection and selling to third parties.

sgjohnson 4y ago
> So I do this but I'm beginning to suspect the real reason they have all these rewards is partially due to data selling of spending habits. No. Rewards are funded by merchants (interchange) and by people who actually pay the 19.9% annual interest.