4 ms·
I definitely favor using CC, and paying off if only for the 2-5% "cash back" program(s). If I pay cash, I'm effectively paying extra, same for debit. It kind
by tracker1 3y ago
I definitely favor using CC, and paying off if only for the 2-5% "cash back" program(s). If I pay cash, I'm effectively paying extra, same for debit. It kind of sucks, and definitely should be better managed. Also, if you let the debt accumulate on a CC (very easy to do), then the interest definitely comes out to more than the rewards in that case.
- nfriedly 3y agoOh, yeah, CC companies love it when people carry a balance and pay interest. But they're still making money off of someone like me who pays the full balance off each month, because when they give me 2% back, they're charging the merchant 5% or more. It's kind of a heads-they-win, tails-you-loose situation.
- CuriouslyC 3y ago5% processing fees are predatory, and the only people that pay them are mom and pop shops that don't have leverage. Larger merchants are going to be closer to ~1.5%.
- tracker1 3y agoWell, I know I'm getting 5% back on Amazon purchases, so there's some there, there so to speak.