When you buy something with your card, the bank collects a fee from the seller which is more than the value of those incentives.
Re:Why Don't People Manage Debt Better?
by fredophile on Friday February 19, 2016 @09:14PM
(#11138332)
Unless the seller offers me a cash discount this is already baked into the price. The choices are get something back from using the card or don't.
I still don't get it. My credit card is a device by which my bank gives me some incentive (aeroplan miles, cash back) to put my transactions on a card and then immediately pay them off, instead of performing those directly against my bank account.