• _cryptagion@lemmy.dbzer0.com
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    2 days ago

    I don’t see that as a real problem. Because as it is now, credit cards are something poor people should avoid at all costs.

    • GHiLA@sh.itjust.works
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      2 days 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
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        1 day 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.