You do know where that cash back is coming from, right? Everything you buy has credit card fees baked into the price. The business pays anywhere from 1-5% on every transaction to accept your payment, and a small percent of that is returned to you as "cash back" rewards. Its why I've switched back to using cash and any coins I get as change go into a jar. That earns much more than %10 "cash back", and some shops even make the customers pay the CC fee here in aus so I get a small "discount" too.
A lot of what I said applies directly to Australia's economy (which I'm sure I don't need to tell you is absolutely fucked).
I salute you. Physical currency is better for businesses and the individual. Paying "convenience fees" (for what should be a public service), should be a crime.
In a parallel reality, I'm paying interest on water which evaporated.
You do know where that cash back is coming from, right? Everything you buy has credit card fees baked into the price. The business pays anywhere from 1-5% on every transaction to accept your payment, and a small percent of that is returned to you as "cash back" rewards. Its why I've switched back to using cash and any coins I get as change go into a jar. That earns much more than %10 "cash back", and some shops even make the customers pay the CC fee here in aus so I get a small "discount" too.
A lot of what I said applies directly to Australia's economy (which I'm sure I don't need to tell you is absolutely fucked).
I salute you. Physical currency is better for businesses and the individual. Paying "convenience fees" (for what should be a public service), should be a crime.
In a parallel reality, I'm paying interest on water which evaporated.