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PLS-Surveyor-US t1_izk5z6w wrote

Reply to comment by abat6294 in When did it become okay to email you if you perform a transaction? by BF1shY

Cashback programs are wonderful. Like free money from the sky. Where does it come from? The consumer pays 3% higher cost in product so the merchant can pay the CC fee. CC gives you 2% (keeps 1%) and the world rejoices. ... Its already your money and now you paint it as the reason to use a CC instead of cash. Your own first line says it all.

"It's evident the general public has no idea how to properly use credit cards."

Since most people carry balances they pay 15%+ to borrow short term...months or years. Therefore it is better for people to pay in cash for most expenses. Debit card is a better deal overall for what most people that don't want to carry around a lot of cash. You can build a a credit history through a bunch of other ways without needing a CC.

sorry your argument is flawed.

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Billh491 t1_izkrsd4 wrote

so you pay the 3% credit card fee in that it is built in to the price of the goods and services no matter if you pay cash or credit so I choose to pay with credit and get 2% back thus only having to pay 1% of the fee while cash users pay the whole 3%.

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abat6294 t1_izm39ze wrote

If you use cash, you are paying for the 3% credit card charge anyways.

Best to use a credit card that your being charged extra for and get the cash back.

Your argument is flawed.

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PLS-Surveyor-US t1_izo0jdq wrote

This is part of the reasoning why products have the 3% kick into them. You feel free to feed the monster. My argument is sound. I'll do what I do and recommend the same to others.

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