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Agreed, but it's hard to argue against the "you're already paying for it; why aren't you benefiting?" line of thought. That's what finally tipped me over to usi
by daeken 14y ago
Agreed, but it's hard to argue against the "you're already paying for it; why aren't you benefiting?" line of thought. That's what finally tipped me over to using rewards cards where I can.
- KirinDave 14y agoAllow me to provide an argument: The current degree of overhead is representative of a relatively small fraction of the world's consumers using these features. Were everyone to do it, the cost (and the perfectly reasonably maintained profit margins of every intermediate) would increase costs substantially more than it is now. It's easy to take a classic first-world view of the problem, where a relative minority of the world's consumers have much better access to credit (albeit somewhat abusive in terms) than the rest of the world. As countries like India and the African nations modernize, their populations have already shown incredible demand for electronic currency. The current system is entirely too expensive for them.