Why do you hate credit cards, /biz/?
>>58437554I don't.
>>58437568Alright well I guess that settles it then.
>>58437585It’s only a scam if you fall for the scam. If you game the system then the scam works in your favor.
>>58437614>>58437618Fuck off spamming faggotThunder strike your mom’s house
>>58437554>have my own business>write off car and house in taxes>bill everything to my company credit card for more tax write offs>saved like 100k in taxes in the last 2 yearsits that easy bros
>>58437554I’m in Europe, enjoying the highest quality of life possible while not having a credit score.
>>58437618Mumu ogun
Bank won't give me one. I pretty much do everything with crypto and cash these days. I don't even meet the minimum requirements to be considered for one.
>>58437554debts and taxes, just for that if i'm so into crypto it's because i hate that stuff, i'd rather be chill looking at charts in dextools than worrying about paying the same shit 3 times
>>58437644Back in early 2020 I got my first car loan through a local credit union and they just automatically sent me a credit card with a $1000 limit. I didn't have a credit history prior to that. I suppose that may not be normal though.
>>58437585Based>>58437607Shut up Jew
>>58439097Why not steal bait off the fisherman’s hook if you know how to not get yourself hooked? It’s free food.
>>58437554I use mine for like 2% cashback
>>58439365I'd pretty to avoid the fisherman
>>58437554vendors hate credit cardsthe transaction fees are higher than bitcoinyou get paid after a month
>>58439731yeah this is why I dream of a word using bitcoin. faster transactions on average and point sales. I cant wait.
>>58439731They should give a cash discount still then. People will bend over backwards for even 1% off.
>>58439774In those cases card users tend to have to pay a surcharge. Cash is generally treated as the default.
>>58437554Because they want to know everything about you before issuing the card. And the rewards hardly cover the annual fee.
>>58439781I think credit card companies have it as part of the contract that merchants can't offer alternative rates, they really have them cucked
>>58439787>annual feeNot all cards have an annual fee.>>58439788I have been personally charged more by both my local tag agency and vending machines for using a credit card instead of cash.
>>58437554>Why do you hate credit cardsI don't fuck with the Devil's IOU's.
>>58437554I dislike them on behalf of my fellow man who get punished in several places by the credit card machine.But I rather benefit from them myself. Anything I purchase is Net 30 by default, and I get 2% cashback on top of it. I also get instant insurance against thefts and defects, and of course the all-might chargeback capability for dealing with asshat merchants.In exchange, I pay no annual fees and no interest. It's a pretty sweet deal.However, all of this happens at the expense of others:- Merchants get less money from me than from cash buyers even though we ostensibly pay the same price.- People that pay in cash are de facto paying more than me, by 2% or so.- People that are using credit cards but shouldn't quickly crumble under a mountain of high interest debt.I guess this is the perfect time to utter this beloved American credo: Fuck you, I'm getting mine.
>>58439986>Fuck you, I'm getting mine.Yessssssssss
>>58437554I don't hate it, I just don't find the use for it, if I want something I prefer to save up all the money and pay for it, not in partsI do the same with crypto, if I grab something like maga I won't let go until I make sure I have at least doubled my money
>>58437628>I’m in Europe, enjoying the highest quality of life possible while not having a credit score.In germany we have a score Schufa and another Infoscore.
>>58437554They don't allow me to buy my $orbs so i loathe them, they are banned from the magic comunity henceforth
>>58440670I have a feeling the people who brag about being from Europe are usually not from rich countries like Germany.
>>58437554I love credit cardsI max 0% cards for 18 months then transfer the balance to another 18 month card for a 3% fee1.5% interest paid for 3 yearsNever understood why people aren't debtmaxxing, your cash is earning 5% in a savings account right now
>>58437554i actually quite like them, i got the SORA card last year and i can buy launches on pinksale, buy memecoins, btc, pay in installments, its great really. Its weird not liking it considering its just another financial tool
>>58437554why would you hate free money?>get card with 3k limit>buy an ounce of gold for $2200>hold until billing date>sell gold for $2300>pay off card>pocket $100 profit>repeat for infinite money
>>58439787>the rewards hardly cover the annual feeWhat >>58439894 said, but it also depends on how you use those rewards.The card in the OP has a $250 annual fee, but the card also comes with $10/month of uber eats credits and $10/month of grub hub credits.That $240 per year worth of credits knocks the effective annual fee down to $10, which is chump change when you factor in how much money you'll be getting back from the sign up bonus(anywhere from $600 to $900) and how much you're getting back when you use the card to dine out and buy groceries(4% back depending on how you end up spending the points). Some cards want you to spend $500 in the first 3 or 4 months to get a $200-$250 sign up bonus. Getting one of those and then paying off your car insurance for the next 6 months and then pay an electric bill or two will do the trick, and then boom you now have $250.The rewards are there for the taking, but you can't let them charge you any interest or late fees or the rewards are cancelled out almost immediately. You have to treat it like a debit card or it'll fuck you.
>>58437554But I don't. When used correctly they're literally free money.
>>58437626Bro if you get audited, it's going to be a shitshow.
>>58445991I mean what is the likelihood that he'll even get audited vs the likelihood of him remaining a poor ass for his entire life? I'm not saying he's doing the right thing, but he's likely playing a game with the numbers stacked in his favor.
>>58437554I like them. Retards who maintain debt on their cards pay for my free cashback rewards.
>>58437554Which card issuer is the least predatory? I’ve heard capital one rejects people with good credit because they know they won’t be able to gouge them with fees.
>>58437554usury is morally wrong
>>58448305And greed is one of the seven deadly sins, yet the most successful societies on record are heavily leaning on both, and there are strong arguments to be made that this is not coincidental.It's almost as if religious teachings are only intended for the people at the bottom of the ladder, as a sort of soothing drug for the common folk that keeps them properly servile.
>>58448322>fleeting earthly pleasures in exchange for eternity in hellsuit yourself.
>>58448350Shed no tears for my immortal soul, for I predict that I shall be seized with the fear of God on my death bed, repent and accept Jesus in my heart as true Lord and Savior.It's gonna be Wilde.
>>58448298You might be thinking of credit one, which is definitely predatory (even naming itself to be similar to capital one) and people mistake it as capital one all the time. I don't think capital one is any worse than any other online HYSA bank like ally or anything else. But imo, my best experience is with Discover... They gave me a massive limit without me even asking for one. Meanwhile capital one kept my limit at $300 per card for ages.
>>58448441> Meanwhile capital one kept my limit at $300 per card for ages.Same experience. By the time AmEx gave me a $20k limit, Capital One still had me at $1000.Then they closed my credit card with them without warning because I somehow forgot to use it in years, damaging my credit score in the process.So, great credit card provider all around. 10/10.
>>58448298It depends on what you mean by predatory. Different companies have different money making strategies. Certain issuers just want you to join up, get behind on payments, and then pay tons of interest and fees(Basically every issuer that isn't affiliated with a larger financial institution and doesn't process their own transactions). Some are trying to get you into their system(Chase, Bank of America, etc). Some just want you to spend a shit ton of money with their cards so they can make their money through transaction fees(American Express and maybe Discover).For the average person the litmus test determining how predatory a lender would likely just be the difficulty of obtaining one of their cards. By that standard, Chase and American Express are the least predatory(at least for their nicer cards). Bank of America sort of qualifies, but I don't think they're very stingy with handing out cards. They just give you obscene rewards bonuses when you have a lot of money tied up in their system.All of these companies will fuck you if you give them the chance, but the ones that purposefully search for people who are prone to getting into debt are especially predatory.
>>58437554I like credit cards
>>58437554Because I've got Brillion, I can use it to connect with over 5000 financial institutions.
>>58439370DUA is also offering cash back from daily activities. What are you boasting about, huh?
>>58437554The lines on your nails show iron deficiency
i actually love credit cards. the nice thing about credit cards is if the debt becomes too overwealming you can just stop paying them. literally nothing will happen to you. you can't go to jail or be killed for not paying your debt. it's just an imaginary number.
>>58437554CCs are for the financially inept who can't figure out how to grow their own money and rely on someone else's money to feel like they're progressing in life.
>>58449154...So, 99% of everybody, then?
>>58449154Do you believe this about other types of debt as well, or just this one form of debt?
>>58437554You're not a true /biz/ wizard unless you max out every credit card, buy crypto with it, then don't pay it back.
