Author Topic: Credit Cards (Read 2089 times)

Peter15and1 · « **on:** September 22, 2015, 12:06:31 PM »

Is there anything immoral about using credit cards in a way that some have described as "gaming the system"? What I mean is using credit cards to make purchases, paying off the balance each month (so as to avoid interest charges), and the collecting the bonus points that come with the card. It seems to be getting something for nothing, given that you wouldn't get the bonus points if you paid in cash.

Stubborn · « **Reply #1 on:** September 22, 2015, 12:17:40 PM »

Nothing wrong here. The credit cards make their money each time the card is swiped for a purchase, so they only make more money if you do not pay off the balance each month.

Charlemagne · « **Reply #2 on:** September 22, 2015, 01:04:55 PM »

I do this exact thing every single month and don't lose a minute's sleep. Been doing it for years. We receive around $360 per year in reward cash.

PG · « **Reply #3 on:** September 22, 2015, 01:24:48 PM »

I think that those bonus points should go into the charitable donation fund.

Ladislaus · « **Reply #4 on:** September 22, 2015, 02:12:27 PM »

Credit Cards companies/processors get 3% from the vendor (or more) for every swipe.

Peter15and1 · « **Reply #5 on:** September 25, 2015, 03:34:45 PM »

I noticed my new credit card has the EMV chip in it. I am weary to use this, because the government is mandating it, and what has Obama ever done right? Is this safe to use?

Charlemagne · « **Reply #6 on:** September 25, 2015, 03:36:18 PM »

Quote from: + PG +

I think that those bonus points should go into the charitable donation fund.

Charity begins at home, which is exactly where my bonus cash will stay.