The technological innovations of the last fifteen years, from advertising enshittifcation to AI cheating, have largely been a disaster. We are sadly at the point where, as Ted Gioia says, “mo…
This is bad advice for anyone with good credit and spending habits. A credit card with rewards is just free money if you’re responsible with it. I haven’t paid interest in over a decade and have made thousands from rewards.
Yep, the rich are rich because they borrow other peoples money. 0% free interest lines are about the best discount you can get on anything. I get to make the interest while you hold the loan? Sign me up! Siri, remind me in 11 months to pay off the X loan.
Surely you know that’s too good to be true. The card issuer charges fees to the merchant and then throws a portion of the money you just gave them back to you. But the prices of products are being driven up and the merchants aren’t eating them.
We pay for EVERYTHING on our credit card, shared account with my partner. 2% money back. Pay it off in full every month. Zero interest paid, thousands of monies back.
One of the better credit card rewards is a small percentage cash back, so literally free money. Money is fungible though, so any discounts on things you were going to buy anyway are effectively the same thing.
Yes, but you can also do a chargeback if the company you purchased from sold you a lousy product and isn’t being reasonable about returning it. If you had paid with cash, that cash is GONE.
The reason why corpos been able to price gouge the peasants is particulaly to tp them having access to data this granular. Same reason why they want dynamic pricing schemes.
This is bad advice for anyone with good credit and spending habits. A credit card with rewards is just free money if you’re responsible with it. I haven’t paid interest in over a decade and have made thousands from rewards.
Yep, the rich are rich because they borrow other peoples money. 0% free interest lines are about the best discount you can get on anything. I get to make the interest while you hold the loan? Sign me up! Siri, remind me in 11 months to pay off the X loan.
Surely you know that’s too good to be true. The card issuer charges fees to the merchant and then throws a portion of the money you just gave them back to you. But the prices of products are being driven up and the merchants aren’t eating them.
I’m not too familiar with credit cards, do you mean this in a literal money sense or something more complex, i.e. the value of rewards & money?
We pay for EVERYTHING on our credit card, shared account with my partner. 2% money back. Pay it off in full every month. Zero interest paid, thousands of monies back.
One of the better credit card rewards is a small percentage cash back, so literally free money. Money is fungible though, so any discounts on things you were going to buy anyway are effectively the same thing.
Fair enough, but they know what you bought.
Yes, but you can also do a chargeback if the company you purchased from sold you a lousy product and isn’t being reasonable about returning it. If you had paid with cash, that cash is GONE.
Each method has its pros and cons.
not if I have a receipt.
You pay with your data lol
The reason why corpos been able to price gouge the peasants is particulaly to tp them having access to data this granular. Same reason why they want dynamic pricing schemes.