LadyButterflyshe/her@lazysoci.al to [Migrated, see pinned post] Casual Conversation @lemm.eeEnglish · vor 1 JahrWhats a useful moneysaving tip you want to share?message-squaremessage-square68linkfedilinkarrow-up165arrow-down11
arrow-up164arrow-down1message-squareWhats a useful moneysaving tip you want to share?LadyButterflyshe/her@lazysoci.al to [Migrated, see pinned post] Casual Conversation @lemm.eeEnglish · vor 1 Jahrmessage-square68linkfedilink
minus-squareHobbitFoot linkfedilinkEnglisharrow-up7·vor 1 JahrIt is because credit card companies charge a fee to vendors. It is sizeable enough that credit card companies will offer 1% back so they can make money on the other 2%-4%.
minus-squarelemming741@lemmy.worldlinkfedilinkEnglisharrow-up3·vor 1 JahrI’d wager it is the 15% or more they can sucker half of people into paying. Cash back is bait.
minus-squareHobbitFoot linkfedilinkEnglisharrow-up3·vor 1 JahrThe premium credit cards don’t assume standing balances. You typically don’t get that much money by being bad with money.
minus-squarelemming741@lemmy.worldlinkfedilinkEnglisharrow-up2·vor 1 Jahrhttps://www.nerdwallet.com/reviews/credit-cards/paypal-cashback 690 doesn’t sound premium
minus-squareSatansMaggotyCumFart@lemmy.worldlinkfedilinkEnglisharrow-up1·vor 1 JahrWow I never knew credit scores could be triple digits.
It is because credit card companies charge a fee to vendors. It is sizeable enough that credit card companies will offer 1% back so they can make money on the other 2%-4%.
I’d wager it is the 15% or more they can sucker half of people into paying. Cash back is bait.
The premium credit cards don’t assume standing balances. You typically don’t get that much money by being bad with money.
https://www.nerdwallet.com/reviews/credit-cards/paypal-cashback
690 doesn’t sound premium
Wow I never knew credit scores could be triple digits.