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A comment on Why Don't People Manage Debt Better?. Parent comment

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.
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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.
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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.
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