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50 sats \ 3 replies \ @gmd 4 May \ parent \ on: How Does Your Debt Compare? U.S. Average Credit Card Debt In 2025 econ
In the US the added prices are pretty much built into the system. If you don't use a credit card with rewards you are basically subsidizing 2-5% for the rest of us that do.
In addition (it's a fun hobby for me) I'm doing the sign-up bonus churning which nets me ~$2-4k/year in tax-free bonuses.
You saying rewards beat the credit fees? That's a completely screwed-up system then.
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Generally most retailers don't charge fees specifically geared towards credit cards. Instead they have increased their prices to account for credit card fees, knowing that people want to use credit cards for the convenience. So if you use a credit card with rewards (2-5%) you get something back. If you don't you get nothing.
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In Europe, that's a discount card. Ahah.... The big supermarkets and stores, they all have them so you save money.
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