RSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 25 days agoCredit Card Points Are a Transfer from the Broke to the Comfortablewillisallstead.substack.comexternal-linkmessage-square3linkfedilinkarrow-up119arrow-down11file-text
arrow-up118arrow-down1external-linkCredit Card Points Are a Transfer from the Broke to the Comfortablewillisallstead.substack.comRSS Bot@lemmy.bestiver.seBM to Hacker News@lemmy.bestiver.seEnglish · 25 days agomessage-square3linkfedilinkfile-text
minus-squareToiletFlushShowerScream@piefed.worldlinkfedilinkEnglisharrow-up5·25 days agoNever looked at it this way. Makes sense I suppose. Folks who carry balances and pay interest fund the points of those wealthy enough to immediately pay off their balances, the same folks who are less likely to need those extra dollars.
minus-squarecuriousaur@reddthat.comlinkfedilinkEnglisharrow-up1·25 days agoYou are not meant to carry a balance to the point of interest. If you can’t pay it off monthly, you shouldn’t have a credit card.
Never looked at it this way. Makes sense I suppose. Folks who carry balances and pay interest fund the points of those wealthy enough to immediately pay off their balances, the same folks who are less likely to need those extra dollars.
You are not meant to carry a balance to the point of interest. If you can’t pay it off monthly, you shouldn’t have a credit card.