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Re:Citigroup Has ‘Technical Issue’ as Customers Say Accounts... by mysterypie on Friday June 24, 2016 @11:53PM (#11975129)
> get rewarded for using them

I understand why you want the rewards, and when I'm forced to use a credit card, I also want the reward. But we need to call out the bullshittedness of the system.

Everything in the world is 2-3% more expensive just so that credit cards can "give" you 1% back as a "reward". (Similar situation: People who are thrilled with a tax refund. The government takes money away from their paycheck, then later gives part of it back. If they don't think about it, they think they're getting free money.)

People get caught up in it as if credit card rewards are a good idea. It's not. It's a drag on the economy for the credit card companies to bake their costs into every transaction.

Re:Citigroup Has ‘Technical Issue’ as Customers Say Accounts... by chipperyman573 on Saturday June 25, 2016 @04:05AM (#11975628)
It very well might be, but not using a 1% cashback card doesn't mean you pay 3% less than someone using one. I can $1000 for a TV and get $10 or get $0 back - paying $970 and getting $0 back isn't an option
Re:Citigroup Has ‘Technical Issue’ as Customers Say Accounts... by mysterypie on Saturday June 25, 2016 @07:05AM (#11975944)
Sure, that's true so long as the reward system exists. But if the reward system didn't exist everybody (including YOU) would be better off.

I wish there was an economic expression to describe the situation with credit cards and their rewards. Tragedy of the commons[1] and the unscrupulous diner's dilemma[2] both come close, but aren't exactly right.

[1] https://en.wikipedia.org/wiki/Tragedy_of_the_commons

[2] https://en.wikipedia.org/wiki/Unscrupulous_diner%27s_dilemma