Are credit cards worth it for the cashback or is it better to stick with a single debit card to pay all your expenses?
>>62212249Is this a serious question
>>62212249The military star card gets you free shipping from shopmyexchange, which also price matches. No sales tax too. Pretty much makes it a cheaper Amazon if you are cool with the long waits
>>62212249Credit cards are only really useful if you want more protection on bigger purchases (at least thats how it works here in the UK).
If you pay your credit card in time you have no reasons to not use one instead of a debit card. You get cashback and buyer insurance at virtually no cost. Credit card emitters get their money from low IQ retards that get fucked on high interest, just don't be like them and enjoy the few perks you get in return
>>62212324This is correct.>>62212249If you're not a retard then it's absolutely worth it to use a rewards credit card. If you spend a bit then it can be lucrative to pursue signup bonuses and juggle multiple cards.If you're absolutely fucking loaded it may not make sense to waste your time pursuing signup bonuses or juggling rewards but it's probably still worthwhile to settle on 2-5 credit cards for rewards and benefits.If you don't like playing games with credit cards, cool. But not getting at least 2% back on basically everything is dumb.
>>62212249There is a reason that the only people who still use debit cards are teenagers, poors, retarded ex-felons, and europeans.
>>62212249US or EU?In EU, credit cards are marginally better to book flights, hotels and rent cars. Everything else is the sameUS, they have cashbacks, so they're worth it considering the commission is already included in the sticker price.
>>62212249Use Paypal's debit card for gas. You get 5% back. If you have a wife, have her get one (if you refer her and have her use Paypal online for like 15 bucks you will get $20 for free between you). Have her use her card for groceries (you only get one category and have to choose each month). Only use credit cards if you will absolutely pay the balance at the end of the month. You can get a 4% card from Gemini or others which automatically pay you 4% back on all other spending that you can do with a card but none of these cards can be used for federally unregulated services or point gaming. Download the app Upside additionally for an additional 1% in gas. Use your account to refer the person between you and your wife who dedicated their Paypal debit card to gas and you will save an additional 5% on gas and 1% paid up to the person who referred, getting 11% total off gas, which is huge. Remember that at the beginning of every month, you need to reselect your categories in the app, which is very easy, or you won't get the rewards, which are redeemable near-instantly in cash. If you do this you are literally saving literally thousands of dollars a year more than paying with a traditional debit card like a retard for no points and nothing, just choosing to leave this money on the table. Additionally, you can keep your cash in either Paypal's savings account and earn 3.25% or (what I do) keep it in PYUSD on the app, which is purchasable without fee and fully redeemable for a dollar at par and yields 4% on passively held balances. To spend it all you will need to do is sell PYUSD and have that amount in your balance, all of which can be done instantly. The only drag to Paypal is MAKE SURE YOU SELECT THE FREE BANK TRANSFER OPTION. It will default to immediate transfer for a fee. For deposits/withdrawals, make sure it is the option that takes 5 days or so and is free both ways. This is all VERY easy to manage and will increase your savings by thousands per year.
>>62212376Another option for holding is Uphold. They offer a yield product that is fully FDIC up to a few million dollars and gives you 3.75% as a savings rate with zero lockup. If you deposit your paycheck directly into their cash account, you get a 3% addition to it that is equivalent to getting a 3% raise. The best option is to have both you and your wife do this, then the money back to your traditional bank account and use it to pay the Gemini credit card balance and to transfer to Paypal to use for gas/groceries and to earn in PYUSD (or if wanting to keep a sizable savings FDIC, I would keep it in Uphold's yield product earning 3.75. They have a dollar account that is distinct from the yield account in your account so make sure you distinguish the right one. If you refer your wife also on Uphold you would get an additional $20 or so I think, I don't remember). PYUSD is fully capitalized and regulated as an onshore stablecoin that will have to meet GENIUS Act's standards but I would not keep my nest egg in a single stablecoin, though would feel safe keeping the month's gas/grocery balance in it, transfering to the cash balance as needed to spend and topping up as needed, yielding across accounts 3.75% on the Uphold balance with the bulk of cash, fully FDIC at Crossriver Bank, and 4% on the Paypal. People don't do this or something better, they are fucking retards choosing to lose money. Even if you just want to look at it as paying several months of your years' groceries or whatever in doing it, why would someone not do it to avoid 20 minutes of admin a month. It is incredibly easy to do once it is routine and at the outset is still very easy.
>>62212249Few years ago they had really good perks, like everything, cheap fuckers abuse the system and they took it away.5% cashbacks, big sign in bonuses, insurance for purchases, instant refunds directly from the app, extended coverages in all your electronics, rented car insurance,travel insurance. Why they had to ruin everything? and the worst is that they think they are ssmart.
credit cards are great if they actually give you rewards and a better credit score. They're fantastic if you have a job where your employer covers various expenses as well. For example I've had jobs where traveling in teams was common or meals were covered during overtime. I'd always pay with my own cards for everyone. It was easy to end up with thousands of dollars in credit charges in a month and I'd get a decent amount of rewards for it.
>>62212249I get 1% - 3% off everything I buy with my credit card.As long as you pay it off every month and don't use it for stupid shit, it's great. The problem is most people overspend because swiping a card doesn't trigger the brain the same way paying with cash does, so they get a card and then start buying stupid shit while thinking they're "saving money".https://youtu.be/86L1r4eUZZc>link unrelated
>>62212249>a single debit card to pay all your expenses?Never pay with anything that has direct access to your bank account. Ideally you would use a card from a different institution from your bank, even more ideally you should have multiple bank accounts.
i like my usbank card pretty well.
If you pay it back and don't spend more. I, am filing for bankruptcy.
if you>always pay balance in full>don't spend more than you would otherwisecredit cards can be good, otherwise avoid them
Amazon, the gas station, the supermarket, every single one of them is pricing in payment processor fees. If you want to get any of that money back you have to use a credit card that will kickback some of the processor fee to you. It sucks but pay it off every month.
>>62212249they build credit score. just set it on auto-pay.
>>62212376I've been rocking the paypal debit but they're disabling cash redemption starting august
