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• scarface_74 2y ago
  https://www.nerdwallet.com/article/credit-cards/credit-cards-make-you-spend-more https://www.nerdwallet.com/article/credit-cards/credit-cards... People spend more money and tip higher when they use credit cards than cash….
  • inetknght 2y ago
    > People spend more money and tip higher when they use credit cards than cash…. And you think that's a good thing?
    • scarface_74 2y ago
      I’m saying it doesn’t “hurt” the merchant
      • inetknght 2y ago
        Indeed? I'm saying it likely does hurt the customer and in ways that the customer often doesn't realize. That doesn't make it bad per se, but it would be great if more people would realize and address the risks involved.
        • scarface_74 2y ago
          > Those credit card perks are directly subsidized by the handling fees they charge your local businesses The “local business” more than makes up for credit card fees via increased spending. They know their margins and the minimum amount needed to make a credit card transaction worthwhile. That’s why many have minimum transaction amount to use a credit card.
          • inetknght 2y ago
            > The “local business” more than makes up for credit card fees via increased spending. Sure thing bud. Keep cherry-picking the business side of things.
            • scarface_74 2y ago
              This is literally the topic I was responding to “the business side of things” > Those credit card perks are directly subsidized by the handling fees they charge your local businesses