• GHiLA@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    42
    arrow-down
    7
    ·
    edit-2
    13 hours ago

    No, it’s a thing idiots should avoid at all costs.

    A card with a 2% reward across the board(Fidelity for instance) can be used as a proxy for your debit card week to week.

    It builds my credit, gives me a group of attack dogs to sic on anyone who rips me off, and gives me a cushion if I ever need it. If you never exceed your expenses and never reach beyond your means, it’s no different in consequence than paying with anything else, with a little added bonus credit and reward.

    It’s people and their lack of self control that ruin credit cards.

    • JasonDJ@lemmy.zip
      link
      fedilink
      English
      arrow-up
      3
      ·
      edit-2
      5 hours ago

      I would expect a massive nerf/devaluation of rewards if there’s no poor people getting exploited.

      I say this as someone who pays for all his family vacations almost entirely with points. About every year and a half. This time was Texas for the eclipse. Before that it was Disney world for my kids 5th birthday. Before that was COVID times and I used my points to buy hardwood floors that I installed throughout my house. Before that it was SC for the eclipse.