322
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Oct 2024
322 points (99.7% liked)
Asklemmy
43885 readers
895 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
Have you had any experience with that? I keep hearing it, but usage of a credit card is expensive af
It's only expensive if you don't pay it in full every month. I've had my credit card for years and have paid $0.00 total for it whilst it generates at least 1% cash back or more depending on where used. Not much, but it adds up and makes it beneficial.
I feel like a lot of small shops now (especially restaurants and convenience stores) charge for using a credit card in a manner that wipes out any benefit from “cash back rewards”.
To me the bigger benefit is that a card that is opened many years ago (pair on time) gets you a better credit score. This will net you much better deals throughout life for major purchases like a car or home (if you are lucky enough to still be able to afford one).
Only time I've had fraudulent charges was when I was 18 or so and hadn't yet got my first line of credit. They disputed the charges normally and froze the account. It did suck not having much money but I also was living at home still so I just avoided spending money for a few days until it all finished processing
I have. My bank did a chargeback like they would if it was a credit card. I was told it would've been a lot harder to get my money back if my PIN was used. But, I've only seen that option available for in-person purchaees.