3 ms·
> It's possible to curb one's spending of money they don't have, regardless of your income. It would cost me +$100 to get a rewards card. At 1% back I'd need
by donmcronald 3y ago
> It's possible to curb one's spending of money they don't have, regardless of your income.
It would cost me +$100 to get a rewards card. At 1% back I'd need to spend $10k per year on a rewards card to break even. So, if you curb your spending, you're subsidizing those wealthier than you that are spending $10k+ per year on their credit card.
Source: I subsidize rich people's rewards cards and don't like it.
- bombcar 3y agoSome rewards cards are free, but maybe you need to spend the $100 on something else? If you have good/decent credit some offer signup bonuses.
- brewdad 3y agoI have 3 different rewards cards that pay me cash and are all free.I do pay a fee for one additional card but it provides perks that are worth that fee to me.
- refurb 3y agoThere are a ton of rewards cards with no annual fee at all.