/biz/ - Business & Finance

Besides spending the money, you mean

>spends more to earn epic soi reward
>hey at least I got a Fitbit lol!
Kys OP you faggot

I took this advice and then got a credit card here in Australia.

Then I went to buy something, and at the check it said if I pay with credit card that I have to pay 3% extra ontop of the price.

Turns out the cash-back shit is only for Americans, in Australia you actually pay more for stuff using a credit card, and there is no cash back.

>>50071130
his advice is good if you're a terminally retarded normie. if you're smart, his advice is irrelevant bordering on moronic.

>>50071130
Exposing yourself to potentially insanely high interest debt for petty amount of cash back or airline miles is silly

Also, it incentivises spending, with the intent you start spending more than necessary, even if you pay the entire outstanding balance. Credit cards are fucking horrible and only edgy cunts or financially illiterate use them

>>50071196
>thinks a fitbit is a credit card 'reward'

>>50071276
The only way you expose yourself to interest is if you are a tard who can't keep track of how much money you have, and you spend more than you actually have.

>>50071130
>cash back rewards
waste of time, and the retards who care about these things are more annoying and self-righteous than coupon clippers.

>>50071350
>free money is a waste of time
>/biz/ - Business & Finance

>using another man’s money to buy your groceries

This is the height of cuckery

>>50071276
You know you can use auto pay right? If your spend more then you make, you're just flat out a retard beyond help.

>>50071169
>Use credit cards only to pay normal bills, groceries and household supplies.
>Pay off balance every month.
>Get cash back for monthly purchases to dump into crypto.
I don't see the problem.

>>50071130
>eat beans and rice
>drive for uber eats
>I have millions from scamming people into buying books and real estate I acquired in the 80s
Fuck off boomer

>>50071276
Your mileage may vary. Sometimes bank websites can fuck up with autopay, which is bullshit, but generally credit card churnning can be worth it for the typical autist
>be me in dec 2018
>bitcoin crash to ~$3.5k
>girlfriend dumps me
>borrow $20k at 3% balance transfer
>buy Bitcoin
>sell $200k of it after it goes to $45k
>pay off all denbts
>have over $100k leftover after paying gains tax

>>50071130
Every study shows that people that spend with credit end up spending over 15% more then people then use cash. Cash is tangible so it feels bad to actually give it away so people become much more frugal when they use it.
Enjoy your 2% rewards while spending 20% more than someone on a cash budget

My Amex helps pay for my flights between the US every year. It pays for itself. It is safer than debit or cash. Also, I get travelers insurance built in to it.
Dave Ramsey is not an idiot but his advice is for morons who don't know how to manage their money and how credit works. Credit cards are an amazing tool.

>>50071130
ITT: debtslaves seething. Just keep DCA your income to banks you subhumans so I can keep laughing.

>>50071274
Agreed. If your IQ is above 100, his advice is some of the worst you could follow. I literally put all my spending on my 2% flat cashback card. Auto-pays each month. It adds up to a couple thousand each year. No interest, no juggling programs, no need adjust my spending habits.

>>50071201
It's really for convenience. Hotel reservation etc

>>50071130
>>50071979
His advice is peddled because the average person is a complete fucking moron who cannot use a credit card without being as impulsive as a crack addict fresh out of rehab walking into an alleyway. That doesn’t inherently mean credit as an idea is bad, it means the average person cannot be trusted with it since they are still in monke brain mode.

>>50071130
This idiot is retarded. He should be telling people to use cashback cards for EVERY fucking necessary bill but nothing else. Health insurance, car insurance, groceries, utilities etc...

ITT: subhuman iqlets use credit to spend outside their means as they get Netflix for free - think they're scamming the bank with their 2% Cashback, unaware they are fat cattle being rounded back to the Walmart for extra wealth harvesting.

>>50071979
I can accept that when you pay with a card, you could spend more than when you pay in cash, but paying with a debit card doesn't feel any different to me than using a credit card, and my spending habits aren't any different.

>>50072457
Why wouldn't you use a credit card when the negative consequences of being thousands in debt is a phone call every day with you can ignore?

>>50071201
When I was living in NZ I felt like a fucking nigger carrying around hundreds of dollars all the time instead of a credit card. I wonder if the whole cash back thing will be part of our "boomer story," where children will be mad as fuck at us for having it easy due to some combo of cheap gas, cheap cars, insane speculative investing, ease of credit/cash back cards, etc

>>50072458
White women got nothing on a SS Tier Asian like this.
My COCK is so hard right now.

>>50071130
i just simply hate the banks

>>50071169
>I never spend money ever

One credit card company gave me a 0% no fee 18 month balance transfer offer. I put the last of my student loan on it, $11k, and paid it off in full in those 18 months never paying a fucking penny in interest. This saved me thousands over the brutal student loan rate I had

>>50071979
who gives a shit about your faggot ass study they just study retards to come up with that conclusion
thats like saying you shouldn't start a business because most businesses fail

>>50072905
STOP YOU FUCKING BITCH!
These top tier Asians are my weakness!

>>50072521
Because you actually have self control and are responsible for your own finances. You'd be surprised how many people think they can get a credit card with a $8,000 limit and THINK they have an extra $8,000 of discretionary money. I used to work at a bank and peddled cards to people all the time.

I just got an offer for a Coomerce Bank Visa, spend $1k, get $250 cashback. Got approved for $17k, will stick exactly $1k of necessary bills on the card, take the free $250, and never use the card again unless they offer some kind of bonus

>>50073351
FUUUCCKKK AT LEAST GIVE ME THEIR NAMES!

>>50072959
>>50073394
kek

>>50073496
NAMESSSSSS AHHHHHHHHH
NEED TO WANKKK

>>50071130
Credit cards and even debut cards compel you to spend beyond your means more often. Good advice if you to budget. I say this as somebody who has spent an either minimum wage salary on anime figures in the last year

>>50071130
how come only Amerisharts have credit card debt?

>>50071201
I have heard others outside the US say the same thing. There are so many opportunities even to churn credit/gift card loops that it's basically free money at the expense of cash payers. I'm probably nearing 6 figures now since I started.

>>50071130
Information on my spending habits goes for a higher price :)

>>50071130
OP literally telling you to start rejecting free money kek not me.
I've got a Cryptocom card and I like every bit of it.

>>50071979
When I go to the supermarket I need $100 in food. I buy $100 in food, but instead I use a 5% card each time. I have never paid a penny in interest charges because I always pay in full. I have zero debt and every single item that allows me to pay by card gets paid by card. I prepay my electricity and utilities with credit cards. Are you saying I'm gonna use 15% more electricity because I used a credit card?

>>50074049
I do the exact same, thankfully this planet is filled with dumbasses who don't under this.
Because of their stupidity we get away make 3-5% on our purchases while everyone else becomes a debtslave

>>50071276
I have never paid a cent in CC interest in my life. I just exist as I normally would and get hundreds of dollars in home depot gift cards. Have fun fumbling with boomer paper and change at the register, cuck.

>>50071130
His advice is for the average American, and the average American is quite bad with money. Take for example, that you are an iPhone poster. Dave is a good dude.

>>50071274
>>50072457
Fair enough.

>>50071388
kek'ed and checked.

>>50074046
What percentage cashback do you get?
I'm looking to get a debit card from Binance while also waiting for that of CryptoXpress to go live soon enough.

>>50071979
Who cares what mongoloid mutts do? Do you not trust yourself to be smart enough? Just because others are retards with credit doesn't mean everyone is.

>>50074049
where do you get this card that gives you 5% back on every use

>>50074388
Cryptocom offers up to 5%, might be lesser for other CeFi platforms.
When does that launch?

>>50074711
You heard of crypto cards anon?

>>50074812
No ETA yet but I'm looking at anytime within the next quarter.
Heard up to 8% cashback might be in place for users. Unconfirmed tho as they're yet to put out any info regarding that.

>>50075031
Coinbase, Binance, Kucoin, Cryptocom all have cards with cashback features.

>>50071609
how is the
>girlfriend dumps me
add anything to this story lel

>>50075031
god dammit. no thanks.

>>50075067
That's quite huge, it'll be temporary for sure but a good way to drive in early users.

>>50071130
>no downside
the downside to credit cards is they can charge you if you dont have money, charge you even if the card is locked, and if they get stolen by a girlfriend and you dont want to report her she can charge unlimited things to it ever building your debt so you cant pay it off, note changing your card number or locking it wont stop her from getting her recurring youtube tv payments

>>50071979
the trick around this (and I don't, so I'm guilty of it) is to make your budget and stick to it on what makes sense. That's why I like YNAB for budgeting. Lots of useful ways to budget and plan for budgeting on what you wanna do with your money. Unfortunately it's just turned into a tracker for me since I'm suffering some bad lifestyle inflation.

I am trying to convince a friend to budget more because they made more than me and are significantly poorer but won't touch it. "Oh I don't need to budget" but is still sitting on like 3k of credit card debt and just making payments.

>>50071979
>Every study shows that people that spend with credit end up spending over 15% more then people then use cash

This applies to "normies."

>>50071130
>ooo boy, I’m gonna spend more, I mean who cares? Why not take advantage of that 2% CASH BACK? I’d be an idiot not to!!
>debt slavery ensues
>muh 2%

>>50071201
Gas stations where I live(new jersey) do this for gas, there's two prices for each type of gas, cash or credit.

Some small restaraunts/takeout places do charge a percent more as well for credit. The chinese food place near me only takes cash or zelle for some reason.

Some people, especially young middle class, shouldn't have credit cards though.

>>50075401
They don't even have a way to pay with cash at gas stations here unless you go inside. You definitely can not pay with cash period at Costco which had the lowest rate anywhere by far.

>>50071196
>epic soi reward
it's cash, you braindead zoomer.
they charge the merchants a processing fee and give you a cut.

>>50075754
In fact, the fees get pushed to the consumer built into the price of the merchandise. So if you're not using a CC you're actively losing because you're not getting any of the fee back. At least with the CC you get a percentage of that fee back.

>>50075288
adding to this the same applies if you gave a credit card number to your kid, another situation where you dont want to report them outright for fraud they can completely abuse you by spending money that doesnt exist even if the card is locked with the accounts refusing to remove the recurring payment because the account is hers. careful out there anons, these lessons are hard learned

>>50075166
Some things can't be bought

>>50072627
Except for the white part

>>50071130
Credit cards and their rewards programs are the greatest kike scame that there ever was.

You have to spend like a $1000 before you get $20 back

>>50071609
I called the bottom in Dec 2018 and I told my friends and they were dismissive. They started buying at like 40k lmao