Comment on Anon tries to understand credit scores
kopasz7@sh.itjust.works 2 months ago
Credit score = milkability score.
I follow the old-fashioned idea of buying things with money I have, debit instead of credit.
Comment on Anon tries to understand credit scores
kopasz7@sh.itjust.works 2 months ago
Credit score = milkability score.
I follow the old-fashioned idea of buying things with money I have, debit instead of credit.
winkerjadams@lemmy.dbzer0.com 2 months ago
My credit score is nearly 800 and I’ve given credit card companies $0.00 but they reward me with cashback for using them. Its basically debit with rewards but you do you king
julietOscarEcho@sh.itjust.works 2 months ago
Cashback and protections paid out of higher transaction fees, merchant raises prices to cover those costs. It’s not just a magic money machine; the consumer is subsiding significant card company profits. If we all just agreed to forgo the rewards and protection there would be fewer middlemen to pay, but I don’t blame you for acting greedily (I do the same).
ximtor@lemmy.zip 2 months ago
I understand that you can benefit if you play it correctly, but can you deny that it’s designed to fuck people over that don’t? Idk at least to me thats why i don’t even want to be part of it, even if i am doing fine with money and would net benefit, probably. I just don’t want to be part of that predatory system.