Wow, Bernie is willing to work with actual Hitler?? ( ͡° ͜ʖ ͡°)
this post was submitted on 16 Nov 2024
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Say goodbye to rewards cards if this happens.
If the mechanism by which I get 1% cash back is that it directly comes from the poor...good. this is a good thing. You are a bad person if you think it's not.
Technically, the cashback they pay you likely comes directly out of the transaction fees they collect, which means that after expenses (for running the infrastructure etc.), they make little to no profit on swipes. Which means they have to make profit somewhere else, which, you guessed it, is fleecing those who don't pay their balance off every month for as much as they can get away with.
I mean that's certainly a possibility but if it helps some people get out of debt, I won't be mad about it.
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