GO CHECK YOUR DEBIT CARDS NOW!!

[2 Up 2 Down]

I believe you said it earlier, but credit cards should only be used for BIG purchases.


These nikkas using credit cards every time they go to McDonalds or the corner store

So are you going to give me an answer?

If you are spending less than you would if you use debit then what's the issue?

 

[fifth column]

Is there a problem with that?

It cost you money to use other people’s money. Use your cash breh

 

[BaldingSoHard]

Tripling down on the ignorance, amazing!!

Breh I'm watching this dude keep going like .

 

[humminbird]

So how does the credit card company make money off of you then?

They charge a swipe fee to the merchant
1% or 2% of the total balance
And sometimes the card has an annual fee

 

[fifth column]

Amex has a pay over time feature for their charge cards. Not a stretch it would apply to the Centurion as well.

It doesn’t

 

[BigMoneyGrip]

Use your debit card for food brehs

dont tip and get got for an extra $10 on a $30 order brehs

 

[BaldingSoHard]

Dudes in here saying they use a credit card for 99% of their purchases

I’ve heard it all now

Why... wouldn't I do this?

 

[fifth column]

They charge a swipe fee to the merchant
1% or 2% of the total balance
And sometimes the card has an annual fee

They make money off you and the merchant. They are providing a service to both you and the merchant.

 

[MoneyTron]

It cost you money to use other people’s money. Use your cash breh

If make a purchase and pay it off before interest accrues, what does it cost me?

 

[fifth column]

If make a purchase and pay it off before interest accrues, what does it cost me?

So why would the card company do business with you then?

 

[Paper Boi]

my debit card got suspended because I didn't use it at all during lockdown

if i needed cash right now i'd be fukked

 

[humminbird]

So why would the card company do business with you then?

Because they get more money from the swipe fees

They make money off you and the merchant. They are providing a service to both you and the merchant.

yeah but the merchant fees matter more

It comes from you in the form of fees and interest, and also from the merchants where you use your cards

If you keep playing in full they’re not going to shut down your card because that means you’re more reliable as a customer
They’ll start up selling you on their annual fee cards

 

[MoneyTron]

So why would the card company do business with you then?

They are betting on the probability that you will keep a balance they can charge interest on. Most Americans do.

 

[Youngdev]

Coli folks so damn uppity

we judging folks for using debit cards now

 

[SheWantTheD]

Naw hasn't happened to me.

They finessin' y'all