/biz/ - Business & Finance

[Anonymous No.49817566]

well anon? gotta spend money to make money, you ARE earning cash-back with a annual fee rewards credit card right?

[Anonymous No.49817627]

>>49817566
Why are they calling it cash if it is digital plastic money?

[Anonymous No.49817714]

>>49817566
I rather sell cash covered puts and withdraw the premium to buy groceries in cash thankyouverymuch

[Anonymous No.49817957]

I will NEVER get a credit card
I will ALWAYS pay with exact change for the sake of the wagies

[Anonymous No.49818418]

>>49817714
>I rather sell cash covered puts and withdraw the premium to buy groceries in cash thankyouverymuch
oh sure you do in a half year downmarket :D

[Anonymous No.49818499]

>>49817566
I really don't get it. Why would i borrow money and pay it back at the end of the month while paying interest on it to, while having my own money that i can spend without having to pay interest.

[Anonymous No.49818534]

>>49817566
I'm earning cashback with my zero fee Binance Visa

[Anonymous No.49818578]

>>49817566
My cc has no annual fee. I make 0.7% cash back on all purchases

[Anonymous No.49818580]

>>49818499
Because you're not paying interest when you pay it back each month, and you build credit history if you live in Burgerland and you get perks like cashback

[Anonymous No.49818581]

>>49818499
>pay it back at the end of the month while paying interest on it to
Anon I...

[Anonymous No.49818633]

>>49818580
sounds good, but there has to be some hidden fees on it.

[Anonymous No.49818648]

>>49818578
That's pretty bad. Coinbase card was 4% cashback on all debit purchases which was amazing and now it's basically down to 1.5-2% but that still cucks .7%

[Anonymous No.49818662]

>>49818499
credit cards are a scam
dont buy into them

[Anonymous No.49818664]

>>49818633
The vendors pay the fee, that's how the credit card companies make money.

[Anonymous No.49818713]

Shocking how many of you niggers on here don't understand credit yet claim to be financially savvy

[Anonymous No.49818750]

>>49817566
>Use credit card for all purchases
>Pay off in full every other Friday.
>Have never once been charged interest fees in 6 years.
>Recovered $1k in rewards

[Anonymous No.49818800]

>>49818581
just checked it out and if you want cash from you credit card they take 5% fee + instant interest

>>49818664
just checked some fees they usually have and it has ton of little hidden shit so this anon is right >>49818662 but it can be profitable if used wisely.

[Anonymous No.49818812]

>>49818750
$1k in rewards?!
sheeit, you are one rich nigga

[Anonymous No.49818818]

>>49818750
>Bank harvests usage data
>Sells profile to advertisement companies
>You fall for the ads
>Spend more than what you made back
It just works

[Anonymous No.49818822]

>>49818800
You're not supposed to use it to withdraw money at an ATM holy shit you are so stupid

[Anonymous No.49818839]

>>49818818
who the fuck watches ads

[Anonymous No.49818885]

>>49817566
disgusting jew marketing

[Anonymous No.49818904]

>>49817957
your loss, retard

>>49818499
pic related

you only pay interest if you don't pay the balance off in full by the end of the month. If treated responsibly (like a White man should), credit cards are interest-free 30 day revolving loans that pay you via rewards while protecting you from scams and fraud far better than a debit card or cash ever could.

It really astounds me how retarded /biz/ is when it comes to credit cards and debt use in general. Makes a lot of sense why you're all so fucking poor.

[Anonymous No.49818906]

>>49818822
cash is king, ton of places don't accept credit cards or they lie that its broken or there is a maintenance. now keep paying those 500$ annual fees goy.

[Anonymous No.49818953]

>>49818906
Other way around you fucking retard, more and more places are no longer accepting cash while ONLY accepting various forms of plastic (debit/credit). You might not notice this yet because this is predominantly happing in desirable urbanized areas and not flyover hickstick towns

[Anonymous No.49818957]

>>49818812
I spend very little and I've gotten back probably around $1000 in credit card sign up bonuses in the past year or so. Never paid a penny in any fees or interest either. Even if you don't want to churn credit card sign up bonuses you may as well just get a citi doublecash and get 2% back on everything you're buying already. There are zero downsides as long as you pay your statement balance every time you get one.

[Anonymous No.49818973]

>>49818904
never got scammed with debit nor cash, but i bet u got scammed because you are to stupid and now you pay 500$ a year. good goy.

[Anonymous No.49818978]

>>49818499
There's no interest if you pay it off every month. The AMEX business model is that they charge retailers money for transactions and a miniscule portion of that outright theft goes in 'points' to the user.

This is why many places refuse to accept such cards. Well, that and the users are almost always smug cunts who think they've beaten the system.

[Anonymous No.49818982]

>>49818499
Your pic is very appropriate for your comment.
It's easy free money and a great way to combat inflation by getting % back on every applicable purchase. Use it to your benefit.

[Anonymous No.49818992]

>>49818906
When did you start browsing 4chan?

[Kotonohas' Husbando No.49818997]

CRO bros.
It's time

[Anonymous No.49819003]

>>49818953
nah, you just live in a jew enslaved city.

[Anonymous No.49819016]

>>49817566
Honestly if you dont use a credit card you're an idiot. You use it like a debit card, and pay off every month. I use the citi double cash, flat 2% back and I put everything I can on it that I can. Free money

[Anonymous No.49819028]

>>49818839
On billboards, product placement in movies/vidya, ads embedded in yt videos, you name it. You're not immune to advertisement.

[Anonymous No.49819044]

>>49818982
>free money

Anon, the retailer just raises prices to cover the transaction fee. It's not free.

[Anonymous No.49819047]

>>49818973
You are the dumbest ESL nigger in the thread

[Anonymous No.49819049]

>>49818982
nah, i don't want to pay 500$ a year + hidden scam fees like

Annual fee
Interest charges
Late payment fee
Foreign transaction fee
Balance transfer fee
Cash advance fee
Over-the-limit fee
Returned payment fee

[Anonymous No.49819109]

>>49817566
>not taking debt means you’re a fool
kek

[Anonymous No.49819123]

>>49819044
Even if that was true at face value, relatively speaking you'd be paying the same price whether you pay with cash or card, so you may as well recoup some of the extra cost if that's how you'd prefer to think of it. And then what is indisputably free money is rewards that exceed retailer fees (usual fee is between 1.5%-3%, some cards offer 5% back on certain purchases) and credit card signup bonuses.

[Anonymous No.49819147]

>>49818978
yes and you described this cunt 100% lol >>49818953

[Anonymous No.49819162]

>>49818648
True but I am a business owner and write off most stuff as expenses, cc is linked to my accounting software and the crypto debit cards, (well the cro card anyways haven’t tried others) I was having difficulty linking the account so it wasn’t worth the trouble in all the extra work I’d need to do to do accounting with a crypto debit card to save an extra $500 or so buck on extra rewards.

[Anonymous No.49819182]

>>49819016
Never use your credit card to pay for groceries and essentials you smoothbrain. It fucks with your credit rating as you're in essence borrowing money for food rather than using it to fund luxuries and comparatively large purchases.

And like I said in >>49819044 it's not free money. You're getting jacked prices on your purchases without realising because lower-middle people don't understand second-order impacts.

[Anonymous No.49819185]

>>49819109
You can spend $10 in cash for something. Or spend $10 in cash for something, get 2%+ back, and then immediately once the transaction goes through use that original $10 to pay it. There's no debt involved if you're not a low impulse control retard

[Anonymous No.49819199]

i get 1% cash back on most things. some stuff i get up to 5%

[Anonymous No.49819216]

I love credit card threads, all the loser retards come out of the woodwork to make fools of themselves

[Anonymous No.49819221]

>>49818997
When are you going back to your YT career brother?

[Anonymous No.49819225]

>>49819123
>relatively speaking you'd be paying the same price whether you pay with cash or card

No, anon. How do you think this business model makes money?

[Anonymous No.49819249]

Credit card anons
Whats the best perk you have received from a card?

[Anonymous No.49819253]

>>49818906
God i hate you dumb rednecks so much. you should be sterilized.

[Anonymous No.49819258]

>>49819182
>Never use your credit card to pay for groceries and essentials you smoothbrain. It fucks with your credit rating as you're in essence borrowing money for food rather than using it to fund luxuries and comparatively large purchases.
Where did you hear this? That's a complete lie. Did you just make that up?

[Anonymous No.49819289]

i have to pay $40 a year for capital one bullshit and only get 1.8% cashback.

i probably barely get any more than that back a year. such bullshit

[Anonymous No.49819293]

>>49819182
KEK

[Kotonohas' Husbando No.49819300]

>>49819221
I upload and live stream on my original account

[Anonymous No.49819333]

>>49819249
If you have AMEX, its a pussy magnet. Nothing like dropping that heavy card and the woman instantly wants to go back to hee place. The crypto card is the equivalent to fingerless gloves if I had to guess.

[Anonymous No.49819344]

>>49819225
By charging retailers fees and charging low impulse control retards interest. I don't really see what your point is. It's no secret that credit cards are profitable in no small part because they prey on people who will pay interest. I am not retarded, melaninated, nor am I financially stretched. Pitch to me why I, or anyone else financially competent, shouldn't use credit cards.

[Anonymous No.49819347]

>>49819253
not going to pay for your scam card schlomo

[Anonymous No.49819363]

>>49819258
Use basic risk-analysis.

[Anonymous No.49819364]

>>49817566
>you ARE earning cash back
Yes

>with an annual fee
No.

[Anonymous No.49819394]

>>49819300
I thought it was deleted. I can't find it? By the way what did you think about how we had consistent threads on you all these years including a meme phrase out of your court document?

[Anonymous No.49819416]

I still am using the crypto.com jade tier card, because even 2% cashback in cro is better then anything I can get in Germanistan. I do have an actual credit card, but I just use it to top up my crypto.com card

[Anonymous No.49819455]

>>49818973
Please explain to me how I got "scammed" with a credit card and why I'd be paying "$500 a year" you fucking mongoloid

[Anonymous No.49819484]

>>49819344
Second
Order
Impacts

All cards apply a merchant fee which is the transaction cost paid by the person you're buying from. The cashback model relies on jacking this side of the transaction cost which the retailer bears and passes on to product cost rises as they operate on razor-thin margins.

That doesn't mean you don't use credit cards entirely. It means you use a standard visa/mastercard which charge low merchant fees rather than assuming you hacked the matrix to give yourself infinite money.

[Anonymous No.49819511]

>>49819003
Quite literally have fun staying poor you fucking idiot. If you can't comprehend the benefits of having access to a credit card then you will never make it in society. I bet you think you're just gonna save up enough to buy a home straight cash too, right?

>>49819049
have you tried not being retarded and understanding the very basic terms of usage? If you ever, for any reason, incur a fee on a credit card it proves that you're a dumb nigger who can't handle credit. Credit cards are great for many reasons, but the greatest is that responsible users get to directly profit off the terrible financial decisions of niggers, including yourself.

[Anonymous No.49819546]

>>49818978
>outright theft

okay bro

the fee you pay for use of the card network grants you access to more revenue streams from customers who tend to pay more per purchase because they aren't financially illiterate cashcucks

[Anonymous No.49819562]

>>49819484
No it isn't. Even cash back cards usually have lower merchant fees then the actual money you're getting back which is why the card companies seethe at "manufactured spending". It's partially that but it's mostly just preying on retards who pay interest.

[Anonymous No.49819572]

>>49819511
Why are you trying to help them? Don’t say anything so they keep subsidizing the rewards l

[Anonymous No.49819576]

>>49819363
I am positive if credit card companies could factor in those who are financially stretched and borrowing (paying interest on the amount) for basic necessities they would. However, that information isn't reported to the credit Bureaus and issuers don't really tend to care what retailers you shop at as long as it's not obvious manufactured spend. And it wouldn't work like you think, these individuals would be preferred customers for the bulk of cards with "riskier" credit risk portfolios (basically most $0 annual fee cards). I, someone who doesn't pay a cent in fees and minmax my card rewards, am who they aim to disadvantage. If Jamal Freeman borrows $1k and pays $500 back with $100 interest and then defaults, they still win through selling the collections debt and writing off for tax purposes.

Anyway, you are completely factually wrong. What you use credit cards on is not reported to the credit bureaus. Don't believe me? Pull your credit report from annualcreditreport, that's all the information future lenders can see. What retailers you shop at or what you buy there are not factored in.

[Anonymous No.49819595]

>>49818904
just started a job as a leasing manager, so I'm looking at people's credit reports when they apply for apartments. It has already astounded me how many people, by their mid-to-late-20's, have basically no credit history. Like, making 60-90k a year, good money, but the only things on their file are either student loans or a car note. Now obviously that's not the majority of applicants. But I'm seeing it happen way more often than I would have thought. Now you get one bunk medical charge sent to collections and your shit is fucked.

[Anonymous No.49819598]

[Anonymous No.49819621]

>>49819484
>The cashback model relies on jacking this side of the transaction cost which the retailer bears and passes on to product cost rises as they operate on razor-thin margins.

Okay, and so long as you're not buying from some mom-and-pop chinese store that will give you an outright discount for paying in cash, you're going to pay those marked up prices whether you pay in cash or card, so it remains optimal to pay with card to take advantage of whatever rewards they provide, relative to cash which provides nothing

Also your earlier point about paying for gas and groceries impacting your credit score is asinine. I bought a house last year and going through the process it appears my credit was impeccable. I use cards predominantly for gas, groceries and other shit i'm going to buy regardless of the method by which I pay because I get free money for doing so

[Anonymous No.49819642]

>>49819484
>All cards apply a merchant fee which is the transaction cost paid by the person you're buying from. The cashback model relies on jacking this side of the transaction cost which the retailer bears and passes on to product cost rises as they operate on razor-thin margins
But you'd be paying that NO MATTER WHAT method you use. Only a handful of places offer a cash discount. It doesn't matter what I use, so I should use what recoups the most under this logic.

>That doesn't mean you don't use credit cards entirely. It means you use a standard visa/mastercard which charge low merchant fees
Why? Would I not be paying the exact same amount regardless of whether or not I used a higher retailer-fee card? I have never once seen pricing scale with what type of card you use.

[Anonymous No.49819692]

>>49819182
Anon... if you're reaching your max credit limit on groceries and essentials each month then that means you should probably be following steps to increase your credit. During the demi I racked up 500$ cash back with no fee and my credit score shot up. Get a card for each need you have, better to start young because the age of multiple accounts increases score as well. Don't be a moron and pay in full to avoid jew fees, new cards typically have 0% for at least a year anyway

[Anonymous No.49819713]

>>49817566
>get a loan, you need the money
>spend, you need the goods
>don't question what we say, you need us
>you want a better wage? I'm firing you to get better slaves
this world is fake

[Anonymous No.49819776]

>>49818906
I have been to maybe three places in the last 5 years that haven't accepted credit cards. And they all capitulated.

You're free to do what you guys want but prices reflect what you have to pay if you use a credit card because companies can't be bothered to give a discount for using cash. Credit cards are superior to debit because you can always chargeback fraudulent shit. So you're leaving money on the table to not use cash. Granted there is a psychological element to it all, studies show people spend more if they use cards because it doesn't register. But I use YNAB to set a budget so it's fine with me.

My philosophy has always been that you don't win any prizes by refusing to play jew games. You've already lost by refusing to pay. I have not paid any interest in my credit card since 2018 and that was just because I was a college shit lord with no job.

[Anonymous No.49819786]

>>49818578
thats shit. why wste ur time if that c uck card. get something with atleast 1.5%

[Anonymous No.49819821]

>>49819333
You probably mean one of the nicer ones right? I have the blue cash one for groceries and the blue business card and they really don't seem all that premium to me. That being said Amex gives a lot of perks and insurances for things and aren't clowns about fighting you over it so I use my Amex for everything that I don't use my coinbase card for (but perks on that suck now so I'm basically just spending it down)

[Anonymous No.49819834]

My country sucks for rewards programs aside from airlines, at most I get 2.5% if I combine two cards at my local supermarket

[Anonymous No.49819844]

>>49819182
>fucks your credit score
Are you dumb? It helps your credit score. Just gotta keep your usage below 30% on the card and if its over, make a payment before the end of the period. If you cant do that then you probably shouldnt be here if you cant manage something so simple.

>jacked prices
Anon, the prices are the same with a CC vs cash. Some rare places charge you a fee but then just use cash and they usually charge for a debit card anyways at those places so a moot point.
Never said free money, I said use like a debit card. Only use what you got, pay off right away but its a free 2% on expenses
>>49819363
Use your brain
>>49819692
This. Ive increased it many times or just pay off before the end of the period

[Anonymous No.49819858]

>>49817566
>>49817566

>Giving your data to corps for a few shekels in cashback

ngmi

[Anonymous No.49819861]

>Every credit card with rewards that aren’t like 50¢ a month has fees
What’s the point?

[Anonymous No.49819868]

>>49819786
In my travels the best card you can find for cashback with no fees I think was the Citi Double Cash or something. You get one percent when buying and one percent when paying it off (so two percent). My amex blue business is 2 percent on everything but you don't build any credit with it.

[Anonymous No.49819874]

>>49819546
>the card network grants you access to more revenue streams from customers who tend to pay more per purchase because they aren't financially illiterate cashcucks

1. There are cards that don't do cashback and just operate as a credit card without gimmicks.
2. People with money don't use cashback cards because they're not retarded enough to think money is free.

>>49819576
It actually is factored. It's the most basic level of reporting you can expect on any credit rating process because without it they can't break down your current cost of living and perform stress tests on your fundamental expenses.

>>49819621
>>49819642
>Why? Would I not be paying the exact same amount regardless of whether or not I used a higher retailer-fee card? I have never once seen pricing scale with what type of card you use.

Merchant fees are nuts on cashback cards, you don't see it because you're the cattle. It's the retailer who pays it and by second order impact raises prices on goods that you then pay for. It's not free money, you're paying for it and the 'cashback' isn't enough covering that cost in the aggregate.

It's the height of niggerdly behaviour for another reason as you're dumb attempt to profit also impacts prices for everyone else.

>>49819692
>Get into debt anon. It's free money!

The point of staying in your 10% and keeping debts low is the security is offers for unexpected events. That's what a credit card is for.

[Anonymous No.49819882]

>>49818499
Cool it with the antisemitic remarks

[Anonymous No.49819889]

>>49819621
>so long as you're not buying from some mom-and-pop chinese store that will give you an outright discount for paying in cash
this desu every korean mart I've been to in the UK and Australia charged less for paying with cash.

Just joining in this convo now but why is there so many retards defending cash over having a free extra % on all purchases. Niggas actually so stupid it's unreal. One nigga even went so far as to say "hidden fees" if you walk around with your eyes closed then ye everything will be hidden.

[Anonymous No.49819909]

>>49818578
> 0.7%
HOLY SHIT YOU ARE SUCH A GENIUS YOU BUY SHIT FROM THE SAME COMPANY THAT OWNS THE PAYMENT SYSTEM AND YOU MAKE A WOOPING 0.7%!!!!!!!!!!!!!!!!!!

[Anonymous No.49819913]

>>49817566
My parents scared me into never getting a credit card. Then I was 30 with no history and noticing they're barely holding onto their house so I got a secured card and just paid it off every month. My credit is better than theirs at this point. The anti-credit people can just be boiled down to "I'm an irresponsible retard so clearly credit is bad"

[Anonymous No.49819990]

>>49819861
Citi custom Cash, Capital One SavorOne, Chase freedom flex, discover it. Assuming you live in burgerland.

[Anonymous No.49820181]

>>49819874
>It actually is factored. It's the most basic level of reporting you can expect on any credit rating process because without it they can't break down your current cost of living and perform stress tests on your fundamental expenses.
Enough. As plebbit as it may sound give a source for this or shut the fuck up. It's factually incorrect information.
>Merchant fees are nuts on cashback cards, you don't see it because you're the cattle. It's the retailer who pays it and by second order impact raises prices on goods that you then pay for. It's not free money, you're paying for it and the 'cashback' isn't enough covering that cost in the aggregate.
Alright... So to recoup that marked up cost the best way is still to use a cash back card. Even if you don't profit you use less. But I do profit from SUBs alone.
>It's the height of niggerdly behaviour for another reason as you're dumb attempt to profit also impacts prices for everyone else.
My individual use will not impact the prices either way. Also idc about other people

[Anonymous No.49820374]

>>49819874
>1. There are cards that don't do cashback and just operate as a credit card without gimmicks.
>2. People with money don't use cashback cards because they're not retarded enough to think money is free.

There is no place that I've ever shopped at that prices the good on a sliding scale based on the fee for the card you're choosing to use. Why would I not use a cashback card if the price I pay is the same regardless of payment method? Nothing you've said here refutes my initial point, which is that merchants will take the 3% fee from the card company because in exchange for that fee they get far more sales than they otherwise would sticking to a cash-only biz model

>Merchant fees are nuts on cashback cards, you don't see it because you're the cattle. It's the retailer who pays it and by second order impact raises prices on goods that you then pay for. It's not free money, you're paying for it and the 'cashback' isn't enough covering that cost in the aggregate.

Again, if the end price of the good that all customers pay is constant, then it is still optimal for ME to use whatever card provides ME the greater reward. Perhaps in some utopian world everyone agrees to not use cards and sales prices for goods come down for all participants. This is not compatible with reality, so your point is irrelevant. Unless there is an explicit discount offered to pay cash or some other method of card (almost never), you should still pay with whichever card provides you the most optimal reward.

[Anonymous No.49820428]

>>49819595
No one wants to spend money they don't have to pay more later.

[Anonymous No.49820521]

>>49817566
no. i can't afford to spend outside my means.

[Anonymous No.49820551]

>UK max cashback you can get without fees is 0.5%

jelly of mutt offers

[Anonymous No.49820573]

>>49819595
I'm 27. i have 130k cash or cash equivalents, an 80k/yr job, and no credit history.

would i be able to rent with you?

[Anonymous No.49820575]

>>49819874
>It's not free money, you're paying for it and the 'cashback' isn't enough covering that cost in the aggregate.
And by not utilizing cashback you're losing even more to jacked up prices.

[Anonymous No.49820588]

>>49820428
>>49820521
You pay the balance off entirely each month so you don't pay interest, then you get your cash back. Why is that so difficult to comprehend?

[Anonymous No.49820595]

>>49820521
Why are people this retarded on /biz/ of all places?

[Anonymous No.49820617]

>>49820181
>Enough. As plebbit as it may sound give a source for this or shut the fuck up. It's factually incorrect information.

Why do you think you grant access to your bank statements as part of the mortgage application process? How do you think they check for risk factors like gambling?
https://www.onlinemortgageadvisor.co.uk/mortgage-application/mortgage-bank-statements/#:~:text=Most%20mortgage%20lenders%20will%20ask,to-two%20months%27%20worth.

You must live an incredibly sheltered life to have not noticed the connection. Did grubhub not tell you that buying fast food every night might send some flags?

>My individual use will not impact the prices either way. Also idc about other people

Yes, you're a nigger.

>>49820374
>Nothing you've said here refutes my initial point, which is that merchants will take the 3% fee from the card company because in exchange for that fee they get far more sales than they otherwise would sticking to a cash-only biz model

Most people don't use AMEX or other cashback cards and those that do are retards who obviously aren't going to be putting in good money. Nobody gives shit about your small black coffee which is why so many AMEX users seethe at getting told to fuck off. Customers use standard Visa and Mastercard which take a lower fee.

>Again, if the end price of the good that all customers pay is constant, then it is still optimal for ME to use whatever card provides ME the greater reward. Perhaps in some utopian world everyone agrees to not use cards and sales prices for goods come down for all participants. This is not compatible with reality, so your point is irrelevant. Unless there is an explicit discount offered to pay cash or some other method of card (almost never), you should still pay with whichever card provides you the most optimal reward.

Again you don't understand second order consequences.

[Anonymous No.49820632]

>>49819909
if you're spending that money anyway, why wouldn't you use it? The credit card company pays me like £80 a year which is small but I would've spent the same amount whether I had the card or didn't. I also use it to pay for shit that I have to pay like local and car taxes, vehicle maintenance etc because of the small cashback that it generates
If I came up to you and just offered you $80 and you don't have to change a thing, would you just refuse it?

[Anonymous No.49820693]

>>49817566
Why are goyim too stupid to understand the advantages of credit??

[Anonymous No.49820704]

>>49820617
>Why do you think you grant access to your bank statements as part of the mortgage application process?
KYC and AML checks, they don't go through it line by line looking at when you last had uber eats, they're looking for specific shit as it says in your link like payday loans and gambling income.
Also we're talking about credit card spending, when I got my mortgage they never asked for anything regarding that, I didn't have to send any statements, they didn't give a fuck because the credit limit for basically all credit cards is so small that it wouldn't make a difference to your affordability

[Anonymous No.49820716]

>>49820617
>Never use your credit card to pay for groceries and essentials you smoothbrain. It fucks with your credit rating as you're in essence borrowing money for food rather than using it to fund luxuries and comparatively large purchases.
This is the dumbest shit I've ever read on this website. You need to consider killing yourself immediately.

[Anonymous No.49820742]

>>49817566
I have the gemini card and get bitcoin back on everything

[Anonymous No.49820772]

>>49817957
stores are charging you the processing fee still. your losing money

[Anonymous No.49820798]

>>49818499
retard. you don't pay any interest if you don't carry a balance

[Anonymous No.49820829]

>>49818800
why would you need cash?

[Anonymous No.49820855]

Credit card threads painfully expose how many fucking retards I share this board with

[Anonymous No.49820885]

>>49820855
digits confirm

[Anonymous No.49820917]

>>49820617
>Again you don't understand second order consequences.

Unless all of the credit using population stops using it I am only fucking myself over by paying cash. That is the height of stupidity.

[Anonymous No.49820925]

>>49820855
kek this

[Anonymous No.49820961]

>>49819874
>It's the most basic level of reporting you can expect on any credit rating process
if I get a free trial with Experian and initiate a hard credit search, I will only be able to see that potential lenders will know that I have a credit card and that I have never gone into arrears with it
My credit card statement is not shared to any potential lender or credit rating agency, mostly because they don't give a fuck: they can see that I have a rolling credit facility and I have a high-enough IQ to clear the balance in a timely manner. I could be spending thousands on dragon dildos every month and they wouldn't care

[Anonymous No.49820973]

>>49819225
What are you talking about? The price is the same whether or not you pay by card. The vendor loses a small % to the credit card company, not you. So paying by card that gives you cash back is always to your benefit.

[Anonymous No.49820977]

>>49820617
>Customers use standard Visa and Mastercard which take a lower fee.

I use a cashback MasterCard virtually everywhere and the only places I've been told "we don't take credit cards" are tiny hole-in-the-wall Chinese stores. Other than that I've never had any issues. I get extra cashback on groceries and gas, as well

>Again you don't understand second order consequences.

The second order consequence is that cashcucks, the retailer, and interest-paying nigger cattle subsidize my cashback rewards.

[Anonymous No.49820988]

>>49818997
CROmagnon bros, anybody else buying way more shit than usual? Trying to max out the cashback and use the netflix/spotify rebate every month. this is some dirt cheap CRO with no fees, netflix alone with give you like 120 CRO now. Gonna be pretty dope when CRO passes $1.

[Anonymous No.49821005]

>>49820573
Ultimately that's at the discretion of the building-or-unit-owner, but (assuming you met the income requirement) you would almost certainly be asked to apply with a co-signer.

Seriously though, get on top of this shit sooner rather than later. Get a no-fee credit card and use it to pay your cell phone bill every month even if you never touch it otherwise. Do you literally never intend on owning a home?

[Anonymous No.49821039]

I can't tell if people are pretending to be retarded or they actually are in this thread

[Anonymous No.49821042]

>>49820855
I think it moreso exposes how many on here lacked a father figure growing up that exposed them to the upside of credit, paying their bills on time, and delaying gratification to reap rewards.
The fact this board is infested with zoomies and pajeets looking for a quick buck becomes ultra evident in these threads since they don't even understand the basics of credit card usage.

[Anonymous No.49821044]

Everyone pays for credit cards, only credit card users get the benefit.

It's a fucking scam, but you only hurt yourself by not supporting the scam.

[Anonymous No.49821052]

These are the people telling you to buy dogelon whatever shitcoin, these are the people you take financial advice from.

[Anonymous No.49821132]

>>49819546
>defending credit cards
There's absolutely NO reason to use a credit card over a debit card. Accept your a poorfag if you can't pay for something immediately.

[Anonymous No.49821133]

>>49821039
I think 75% are pretending. The one baiting about second order impacts is doing a hell of a job but running out of steam.

[Anonymous No.49821182]

>>49821044
>It's a fucking scam, but you only hurt yourself by not supporting the scam.
Our society is full of things like this, you have to play the game or you miss out.

[Anonymous No.49821355]

>>49819913
Based. I have a buddy that started flipping houses with little credit. He got some 0% intro offers, maxed out like 4 or five CCs on home repairs, then got re financed through the bank for the new value of the house. He used the bank loan to pay off the cards, then sold the house at a profit
>>49821132
Idk man. Whats your opinion on my ancedotal shit above this?

[Anonymous No.49821392]

>>49821132
By far one of the dumbest comments ever.

[Anonymous No.49821406]

>>49821132
>NO reason

you mean of course besides:
1) more robust anti-fraud protection and reimbursement for fraudulent charges
2) ability to do chargebacks if a seller tries to fuck you over
3) cashback and other rewards for simply using the card
4) liquidity with no cost of carry for unused balance in case you ever run into a tight spot

fucking retard kys

[Anonymous No.49821446]

>>49821406
Don't waste your time explaining it to this guy. He can't grasp any basic concepts.

[Anonymous No.49821492]

>>49821005
My dream is to buy land cash and build a home myself and my stack is getting pretty close to that level, desu ill be opening a short on certain REITs before i think about buying in this market though. idk ive always been super adverse to assuming debt so i stay away.

[Anonymous No.49821513]

>>49821492
Good luck buying land without a credit score.

[Anonymous No.49821599]

>>49821513
like my first post said, i have no credit history AND i have 130k cash.

Ill just skip the debt slavery step.

[Anonymous No.49821610]

>>49818906
>cash is king
ok boomer

[Anonymous No.49821631]

>>49821599
>not using inflation to you advantage to pay less in the future
stay poor then

[Anonymous No.49821639]

>coworker tells me I should start using a credit card and paying it off every month to increase my credit score else no bank will give me a mortgage
Is he right (uk anon here)?

[Anonymous No.49821638]

>>49821599
That isn't that much money and you're doing yourself a disservice by not having a credit score. You should seek the help of a real financial advisor who can guide you, anon.

[Anonymous No.49821656]

>>49819861
I have multiple cash back cards with zero annual fees

[Anonymous No.49821661]

>>49821639
Yes, he is right.

[Anonymous No.49821682]

>>49821631
>>49821638
i am good at what i do, i will be fine.

[Anonymous No.49821697]

>>49821599
pls anon. you still have time to get your shit together before it matters. you don't want to be 30 years old with no credit history. yes, it is a hebraic racket. but you will be made to participate in it.

[Anonymous No.49821713]

>>49821682
There's no advantage to refusing to have a credit score. I'm guessing you're too young to realize that.

[Anonymous No.49821739]

>>49821713
my debt is (((another man's))) asset, and i dont like feeding leeches.

[Anonymous No.49821774]

>>49821682
>boomer index funds

[Anonymous No.49821796]

>>49821739
Believe me you are the dumb one here. Everyone else was trying to be helpful.

[Anonymous No.49821842]

>>49821774
>oil swing trades on 3 day timeframes

[Anonymous No.49821872]

>>49817566
Ask millionaires how the got rich and none will say "cash back on credit card purchases"

Get out of debt, stay out of debt, and don't take financial advice from advertisements.

[Anonymous No.49821958]

>>49821661
I see. Does anyone know what's a good credit card to get in the uk?

[Anonymous No.49821979]

i put almost every single one of my expenses on a rewards generating card and pay the bill off in full at the end of each billing cycle to avoid interest
if you aren't doing this, you're a fool

[Anonymous No.49822112]

>>49821979
>lum posting outside of /smg/
nigger what

[Anonymous No.49822116]

>>49821872
Dave Ramsey rapes children

[Anonymous No.49822172]

>>49818578
Literal Pennies In front of a steamroller

[Anonymous No.49822174]

>>49822112
i take my beautiful wife with me wherever i go

[Anonymous No.49822191]

>5% back on gas
>4% back on restaurants and "entertainment" (can confirm that sports tickets and movie tickets fall under this category)
>3% back on groceries
>2% back on anything else
>oh, and any category could be 5% if Discover and/or Chase make it one of their quarterly rewards categories

life is good

[Anonymous No.49822269]

>>49822174
fair enough

[Anonymous No.49822271]

>>49817566
NL bros waar zijn jullie. CC rewards aren't really a thing here, I was looking into the amex flying blue card but I don't see the point, you need to spend around $300k to maybe get $1k worth in points you can use to upgrade a flight to business class

[Anonymous No.49822339]

>>49822191
All of this. Bonus points for using the coinbase card to pay citi's 2% back card

[Anonymous No.49822378]

>>49821958
I've got Halifax cash back (0.25% it's shit but as others say protection and delaying payments so I can use my cash for investment and have a pseudo emergency fund) also Halifax Clarity for overseas spending as it has no fees on that.

if you're still here time to read up

https://www.moneysavingexpert.com/credit-cards/

[Anonymous No.49822405]

>>49822339
>coinbase card
JUST

[Anonymous No.49822655]

Staking is one of the pillars that facilitate securing and smooth running of the blockchain especially as related to newer chains that work with PoS and this has yielded in faster transactions on the blockchain and passive income for stakers.

[Anonymous No.49822765]

>>49822405
It's the only one I know of where you can double dip on rewards.

[Anonymous No.49822819]

>>49819028
>Says banks harvesting data to sell you ads
>Okay I use ad block
>BUT WHAT ABOUT... BILLBOARDS? PRODUCT PLACEMENT IN MOVIES?
>Those aren't targeted ads, dumbass.
>BUT WHAT ABOUT SPONSORSHIPS IN VIDEOS
>I just use sponsorship, like a normal person. Also, those still aren't targeted ads.
>YOU FOOL! THESE ARE THE PITFALLS OF USING CREDIT CARDS!

[Anonymous No.49823137]

>>49821872
This guy literally got rich off of the housing market because his parents were bankers that secured him loans he was not eligible for at his age or credit history, then he got investigated after his parents bank got bought out and was forced to repay the loan immediately, then he made a career out of telling rednecks that debt and credit are always bad. What a Chad.

[Anonymous No.49823322]

>>49822378
thanks for the info man

[Anonymous No.49823409]

So many Americans are THIS financially incompetent? And they can vote and own firearms?!
This thread is a horror story.

[Anonymous No.49823675]

>>49817566
>annual fee
dropped

[Anonymous No.49823731]

>>49817566
Just don't use credit, reward yourself.

[Anonymous No.49823787]

>>49822819
You're less unique than you think you are. Your data helps build strategies to target your demographic. I'll out myself and say that my choices and the way I live have led me to never see ads for Raid Shadow Legends, any VPNs, any crypto*, or Manscaped, although everybody tells me they're everywhere and very annoying.
This didn't happen by chance. The advertisers for those products knew how to reach their targets, and also knew I wasn't going to ever give them money. Not me personally, but my demographic.

[Anonymous No.49823838]

>>49817566
Anon, you *do* realize they aren't suggesting you "spend money to make money," right?

What they are saying is
>you *ALREADY* spend X dollars a month using your debit card with no cash back, so you really should be using a cash-back credit card for those purchases
Also they are not suggesting you go into debt
>spend X on credit card for the month
>pay X back for a total interest payment of $0.00
There is nothing malicious about that

[Anonymous No.49823898]

>>49818904
This.
So many retards still think that you pay interest on your purchases automatically. They really think that. No matter how many times you try to explain that if you pay your full bill every month you pay 0 interest, they just don't get it.

My parents are the same. They insist on using debit cards for shit. I keep telling them there is *no* benefit to using a debit card. Some people are just more comfortable being stupid.

[Anonymous No.49823965]

>>49818973
>I BET YOU GOT SCAMMED FOR 500!
Is this your retarded, schizophrenic cope?

What the hell would make you think any of us pay for a credit card or got "scammed" ?

We get free money. Last year I got almost 1000 in Amazon rewards just for spending my normal amount of money on my regular shit.
>no fee
>never pay interest because i pay my bill
And i got almost 1000 in free Amazon bucks for it.

Are you saying you wouldn't want $960 of Amazon rewards?

[Anonymous No.49824015]

>>49819044
If everyone else is using a credit card then the cost is *already* factored in. No retailer is going to raise their price *again* just because *you* made a credit card purchase. You may as well get back *your* portion of rewards points. You're already paying for it anyway, like you said.

[Anonymous No.49824236]

>>49817566
Ive been opening mad cards since the pandemic. I plan on debtmaxxing into silver on the jew's dime

[Anonymous No.49824282]

>>49818812
Most cards give you $200 just for opening them after you apend like $500

[Anonymous No.49824541]

>>49823787
>advertisers for those products knew how to reach their targets
My dude. I work in paid marketing for big companies and brand-name products and a big part of my job is targeting people. You are not targeted *nearly* as much as you think.

In most cases, we cast a wide net over an age group and a gender, maybe with one or two interests selected.

The most advanced I ever got was targeting weight loss products, where I selected about 7 interests since you can't target by weight alone.

[Anonymous No.49824739]

Yea as long as you pay the statement balance at the end of the month, you don't pay any interest. Most cards don't charge annual fees. A lot of cards even give you like $250 bucks if you spend 500 within 3 months, or something like that. After that you get like 5% back when shopping at special categories which change every few months (restaurants, grocery stores, gas stations), and 1% cash back on all other purchases. You basically get back 15-30 bucks every month, which isn't a lot but it adds up, and is better than nothing. If stores charged different cash prices / credit card prices I would use a lot more cash, but right now, the price is the same, so I'll use my credit card for cash back.

[Anonymous No.49825097]

Fortunately I’m not American so I don’t need to base my life around having a credit card/credit score. If I want something I can just…pay for it. And if I can’t afford something at the moment I won’t buy it. And if I want to buy an apartment I can use my own and my spouse’s savings, perhaps some help from family, and do so. You know, like a normal society functions where people and families help each other rather than going into debt slavery. I often think it’s wonderful not being American, all the stories I hear are awful and getting worse every year.

[Anonymous No.49825260]

>>49825097
What does this have anything to do with what you just said? It's not a lifestyle, it's about not having to carry hundred of dollars of cash around with you all the time to make purchases. You do understand what paying off the balance at the end of the month means? Credit scores are only useful for big purchases, like a car or house. If you're not american, you are paying a lot of money for a car. I'm sure a lot of people in your country can't afford to just go to dealership, buy a car, and transfer the full balance from their bank account, at which point they take out loans, no?

[Anonymous No.49825358]

>>49825097
But if you live in a country where you can only get a $50 credit limit, then I see your point, cc's don't make sense.

[Anonymous No.49825420]

why do credit cards still filter the low to mid IQ bracket? This thread is embarrassing.

[Anonymous No.49825438]

>>49821406
>1) more robust anti-fraud protection and reimbursement for fraudulent charges

Top: VISA when everyone's doing what they're supposed top

Bottom: VISA when someone has overcharged you 5 cents and you tell them about it

[Anonymous No.49826028]

>>49825260
>I'm sure a lot of people in your country can't afford to just go to dealership, buy a car, and transfer the full balance from their bank account, at which point they take out loans, no

That is in fact how most people buy cars here. If you’re poorer, you buy a worse car or a second hand car. If you’re well off you straight up buy it new. Most people buy second hand to be fair, but that’s certainly better than a loan.

[Anonymous No.49826072]

>>49817566
CC companies offer this because they know something in your life will go sideways and you will get caught. Even if you pay 0% interest most are spending money they don’t have (yet). Ask yourself why credit companies all this if it is such a smart move.

Stay poor

[Anonymous No.49826399]

>>49826072
Yes because if some tragic event causes you to have to actually carry a balance that's somehow worse than having no line of credit available at all

[Anonymous No.49826449]

>>49826072
>have money problem
>can't pay
>life is perma fucked because a small problem suddenly became a massive problem

>have money problem
>pay with credit card
>have some debt
>have normal life otherwise

gee which one should I pick?

[Anonymous No.49826549]

The amount of people in this thread who know nothing about credit cards is baffling. You should always be buying with a credit card.
>Buyer protection
>Cash back or points
>Discounts at certain stores
>Building credit

Just don't be a retard and overspend. Pay at the end of every month. Never use a credit card to get cash. Anything else, use it. Also, Credit Card promotion turning is OP. I did this with AMEX Gold which is my main card and working on my Capital One Venture.

[Anonymous No.49826586]

>>49826549
Also retards I have a credit score of 802 rn. Stay poor.

[Anonymous No.49827190]

what's the best Grocery cash back card out there bros?

[Anonymous No.49827247]

>>49817566

I have 15 credit cards, 800+ credit score, and keep racking up rewards, then shelving the cards. Downgrade when they try to charge you an annual fee.

Win!

It's called churning.

[Anonymous No.49828360]

>>49826549
I mean, it makes sense. A LOT of people (myself included) have been scared away from credit cards by their parents or by watching their parents' poor handling of credit cards. People on this board are also so belligerently retarded about their preconceived financial notions that they refuse to listen to any point to the contrary.

[Anonymous No.49828428]

You faggots could all just pick up a single Saturday and it would pay you more than a year's worth of cash back.
You can literally kill all Jewish bullshit forever in a single Saturday.
Because I don't think they can survive with no customers, do you? Doesn't sound possible.

[Anonymous No.49829310]

>>49828428
>pick up a single Saturday
wtf does that mean

[Anonymous No.49829320]

>>49829310
Retard.
Work overtime.

[Anonymous No.49829377]

>>49829320
That's not an expression.
And why would I work on a weekend like some peasant, you're damn right I'd rather have get that money by doing nothing.

[Anonymous No.49829479]

>>49817566
>cash-back with a annual fee
why would I agree to pay an annual fee when there are plenty of "cash back" cards available without

[Anonymous No.49829548]

>>49818664
While that's true, it's no their main breadwinner
Increasingly it's becoming less and less feasible to charge as much as they'd like what with competitors lowering their fees rapidly. That's actually capitalism at work for the good of the people.
No, they make money from retards who don't pay the cards back and start paying interest slowly.

[Anonymous No.49829573]

>>49824541
>The most advanced I ever got was targeting weight loss products, where I selected about 7 interests since you can't target by weight alone.
Ah "selected" "interests" huh, hope that web marketing job is going well pajeet! Any monkey can do that, we're talking real marketing here so sit the fuck down.

[Anonymous No.49829711]

>>49823787
>all that effort for such little payoff

[Anonymous No.49829800]

>>49828428
My time not working is more valuable to me than trying to hold back the ocean that is the economy by "picking up a saturday". You have fun with that though.

[Anonymous No.49829902]

>>49819049
it's funny how a simple 'nah, i just stick to cash and debit' makes them absolutely SEETHE with rage.

>NOOO WHY WON'T YOU GET THIS CREDIT CARD FROM MR.BANKENSTEIN, THEY EVEN GIVE YOU REWARDS

[Anonymous No.49829925]

Those bonuses are coming directly from the extra money the retailer is charged by the kike card company.
I only shop at stores that don't accept credit cards and thus save far more

[Anonymous No.49830713]

>>49820988
CRO is going to zero lmao just sell it as soon as you get cashback

[Anonymous No.49831174]

>>49829902
there's a difference between
>i'll stick to cash
and
>you can't use a credit card unless you pay $500 and pay interest and all of this other bullshit

[Anonymous No.49831274]

>>49829925
>I only shop at stores that don't accept credit
where the fuck are you living where the small business jew can actually compete on price