LadyButterflyshe/her@lazysoci.al to [Migrated, see pinned post] Casual Conversation @lemm.eeEnglish · 2 months agoWhats a useful moneysaving tip you want to share?message-squaremessage-square70fedilinkarrow-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 · 2 months agomessage-square70fedilink
minus-squareHobbitFoot @thelemmy.clublinkfedilinkEnglisharrow-up7·2 months agoIt 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·edit-22 months agoI’d wager it is the 15% or more they can sucker half of people into paying. Cash back is bait.
minus-squareHobbitFoot @thelemmy.clublinkfedilinkEnglisharrow-up3·2 months agoThe 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-up2·2 months agohttps://www.nerdwallet.com/reviews/credit-cards/paypal-cashback 690 doesn’t sound premium
minus-squareSatansMaggotyCumFart@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoWow 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.