News for hackers. Stuff that matters.
Re:Why Don't People Manage Debt Better? by dibujante on Friday February 19, 2016 @07:04PM (#11137734)
To be fair, if you really aren't capable of understanding how credit cards work, "never use credit cards" is probably the best internalized advice to have.

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.

Re:Why Don't People Manage Debt Better? by mikeash on Friday February 19, 2016 @08:02PM (#11138050)
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.
Re:Why Don't People Manage Debt Better? by mikeash on Friday February 19, 2016 @10:03PM (#11138543)
Sure. I'm just explaining why the bank rewards you for this seemingly pointless procedure, not passing judgment on any of it.