this post was submitted on 23 Aug 2024
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[–] Nefara@lemmy.world 9 points 2 weeks ago* (last edited 2 weeks ago) (11 children)

We have a credit card that gives 6% cash back on groceries, 3% on gas and some discounts on streaming services. It blows my mind that every few months I can cash out a $200 or so credit towards my balance. I needed to buy those things anyway and have autopay set to the full balance each month so it really is free money. So if you can get one, absolutely a credit card that gives cash back. The one I mentioned is Amex Blue Cash Preferred but there other options out there that give other bonuses, like 2% back on everything or 6% back on something up to a certain cap.

[–] Cryophilia@lemmy.world 11 points 2 weeks ago (5 children)

Credit cards are an excellent tool IF you are responsible with credit.

[–] Anticorp@lemmy.world -2 points 2 weeks ago (1 children)

And almost nobody is, or the credit card companies would be broke instead of trillionaires.

[–] Cryophilia@lemmy.world 6 points 2 weeks ago (1 children)

Cc companies make most of their money from the fees they charge merchants.

[–] Anticorp@lemmy.world -3 points 2 weeks ago (1 children)

And they make a shit ton more money on interest charged for balances carried.

[–] Cryophilia@lemmy.world 6 points 2 weeks ago (1 children)

That's literally the opposite of what I said. You can't make "more" than "most of". Christ this site is dumb

[–] Anticorp@lemmy.world -5 points 2 weeks ago

Definition:

More - B. In addition to

Yeah, it's the site that's dumb...

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