4 ms·

As someone who really enjoys rewards programs, keep those scams alive!

ArmadilloGang 4mo ago
Might want to think twice about that: https://www.nytimes.com/2023/11/21/opinion/credit-card-rewards-inequality.html?unlocked_article_code=1.n1A.MjZQ.eJqAzK3IJuWs&smid=nytcore-ios-share https://www.nytimes.com/2023/11/21/opinion/credit-card-rewar...
- lennessy 4mo ago
  You are assuming they don't know about all this already when I feel like they have made it quite clear they do.
- enos_feedler 4mo ago
  I briefly skimmed this, but why are you wasting my time? What does this have to do with me earning free trips from being smart about how I buy things? does not compute.
KetoManx64 4mo ago
The irony is that every couple you shop with just increases the prices of their items to deal with the fees, so you're just paying more for items to feel good about getting reward program benefits.
- matt-p 4mo ago
  You are also being subsidised by debit card users.
  - DaSHacka 4mo ago
    How many people are actually buying things on a Debit card? I imagine not a lot
    - lxgr 4mo ago
      Roughly half of all card users in the US, and probably much more elsewhere.
      - DaSHacka 4mo ago
        That surprises me, I've never met someone that uses Debit cards as their primary method of payment. You lose a lot of consumer protections and many cashback rewards by using only Debit cards. The only drawback to credit cards is the interest, if you don't pay it off at the end of the month. So long as you're responsible with your spending, it's a direct upgrade.
        lxgr 4mo ago
        > That surprises me, I've never met someone that uses Debit cards as their primary method of payment. That in turn is not surprising – the split is very much correlated with socioeconomic status (to the point where quite a few of the people working on debit card products have never themselves used a debit card to pay, in my experience). > The only drawback to credit cards is the interest [...] Which is a significant drawback if your bank account balance regularly oscillates around zero and/or you've seen your peers get in financial trouble from credit card debt.
    - napoleongl 4mo ago
      I’d say it’s the norm in much of Europe for starters…
    - trumpdong 4mo ago
      Most places other than the USA, when they use these card networks or their local country networks, are normally using debit cards. There's just no reason to overcomplicate a payment card by making it also a loan.
    - Angostura 4mo ago
      I can’t remember the last time I paid using anything else in the UK. Occasionally a credit card if I need additional protection
- toast0 4mo ago
  Given the price at the register is $X across all payment methods, I prefer to use my card that lets me pay 0.96X 30 days later. (I don't know what discount you can get from UK rewards cards...) I hope that rewards cards go away, because they distort the market, but I'm going to use them while they're here. Rewards cards push costs onto customers that don't use them, and I don't want costs pushed onto me.
deleted 4mo ago
[deleted]

Might want to think twice about that: https://www.nytimes.com/2023/11/21/opinion/credit-card-rewards-inequality.html?unlocked_article_code=1.n1A.MjZQ.eJqAzK3IJuWs&smid=nytcore-ios-share https://www.nytimes.com/2023/11/21/opinion/credit-card-rewar...

lennessy 4mo ago
You are assuming they don't know about all this already when I feel like they have made it quite clear they do.
enos_feedler 4mo ago
I briefly skimmed this, but why are you wasting my time? What does this have to do with me earning free trips from being smart about how I buy things? does not compute.

KetoManx64 4mo ago

The irony is that every couple you shop with just increases the prices of their items to deal with the fees, so you're just paying more for items to feel good about getting reward program benefits.

matt-p 4mo ago
You are also being subsidised by debit card users.
- DaSHacka 4mo ago
  How many people are actually buying things on a Debit card? I imagine not a lot
  - lxgr 4mo ago
    Roughly half of all card users in the US, and probably much more elsewhere.
    - DaSHacka 4mo ago
      That surprises me, I've never met someone that uses Debit cards as their primary method of payment. You lose a lot of consumer protections and many cashback rewards by using only Debit cards. The only drawback to credit cards is the interest, if you don't pay it off at the end of the month. So long as you're responsible with your spending, it's a direct upgrade.
      - lxgr 4mo ago
        > That surprises me, I've never met someone that uses Debit cards as their primary method of payment. That in turn is not surprising – the split is very much correlated with socioeconomic status (to the point where quite a few of the people working on debit card products have never themselves used a debit card to pay, in my experience). > The only drawback to credit cards is the interest [...] Which is a significant drawback if your bank account balance regularly oscillates around zero and/or you've seen your peers get in financial trouble from credit card debt.
  - napoleongl 4mo ago
    I’d say it’s the norm in much of Europe for starters…
  - trumpdong 4mo ago
    Most places other than the USA, when they use these card networks or their local country networks, are normally using debit cards. There's just no reason to overcomplicate a payment card by making it also a loan.
  - Angostura 4mo ago
    I can’t remember the last time I paid using anything else in the UK. Occasionally a credit card if I need additional protection
toast0 4mo ago
Given the price at the register is $X across all payment methods, I prefer to use my card that lets me pay 0.96X 30 days later. (I don't know what discount you can get from UK rewards cards...) I hope that rewards cards go away, because they distort the market, but I'm going to use them while they're here. Rewards cards push costs onto customers that don't use them, and I don't want costs pushed onto me.

deleted 4mo ago

[deleted]