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Politics : Formerly About Advanced Micro Devices

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longz
maceng2
To: maceng2 who wrote (1582532)1/10/2026 11:52:19 AM
From: miraje2 Recommendations  Read Replies (1) of 1583677
 
If it is true, I see a good reason to use cash only in as many transactions as possible.

The only reason I can see to use cash for purchases, at least in the US, is if you are offered a discount for using it. Otherwise, using a no fee credit card can offer cash back or other rewards and paying them off in full every billing cycle, as I do (and the banks hate), means no interest charges. It's like a short term free loan every month, thank you.

Lots of people lack the discipline to control their spending this way and that's where the banks screw you over, big time. You pay 20% plus interest and I get 3% to 5% cash back and the banks pocket the difference.
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