You do know where that cash back is coming from, right? Everything you buy has credit card fees baked into the price. The business pays anywhere from 1-5% on every transaction to accept your payment, and a small percent of that is returned to you as “cash back” rewards. Its why I’ve switched back to using cash and any coins I get as change go into a jar. That earns much more than %10 “cash back”, and some shops even make the customers pay the CC fee here in aus so I get a small “discount” too.
Yes I do know where that cash back is coming from, but thanks for mansplaining it anyway. Most shops here in the US will charge the same for cash or credit, meaning all I’m doing by counting out paper money and carrying coins is inconveniencing myself.
Saving the change you get is nothing compared to even 1% cashback… because you get cashback and the change…
%10 “cash back”
You won’t find a credit card that offers more than 6%. Also, the percent comes after the number.
A lot of what I said applies directly to Australia’s economy (which I’m sure I don’t need to tell you is absolutely fucked).
I salute you. Physical currency is better for businesses and the individual. Paying “convenience fees” (for what should be a public service), should be a crime.
In a parallel reality, I’m paying interest on water which evaporated.
you only pay interest if you miss your payments deadline. I get 2% cash back on every single purchase i make with cc - Last month I got over $50 back.
Meanwhile my savings account I opened with 4% interest and over a grand invested gave me a whopping $5 in the past month.
You do know where that cash back is coming from, right? Everything you buy has credit card fees baked into the price. The business pays anywhere from 1-5% on every transaction to accept your payment, and a small percent of that is returned to you as “cash back” rewards. Its why I’ve switched back to using cash and any coins I get as change go into a jar. That earns much more than %10 “cash back”, and some shops even make the customers pay the CC fee here in aus so I get a small “discount” too.
Yes I do know where that cash back is coming from, but thanks for mansplaining it anyway. Most shops here in the US will charge the same for cash or credit, meaning all I’m doing by counting out paper money and carrying coins is inconveniencing myself.
Saving the change you get is nothing compared to even 1% cashback… because you get cashback and the change…
You won’t find a credit card that offers more than 6%. Also, the percent comes after the number.
A lot of what I said applies directly to Australia’s economy (which I’m sure I don’t need to tell you is absolutely fucked).
I salute you. Physical currency is better for businesses and the individual. Paying “convenience fees” (for what should be a public service), should be a crime.
In a parallel reality, I’m paying interest on water which evaporated.