News for hackers. Stuff that matters.
Re:Credit Card Rewards Became a $9.2B Wealth Transfer by sokoloff on Tuesday August 25, 2026 @08:08AM (#49432544)
If the alternative was paying cash, cash has an even more demanding level of confidence of sufficient funds required and it applies earlier with no flexibility.
Re:Credit Card Rewards Became a $9.2B Wealth Transfer by strix_varius on Tuesday August 25, 2026 @08:10PM (#49442504)
No it applies at whatever time you choose - it's the most flexible option for a person whose wealth fluctuates frequently around a low baseline.
Re:Credit Card Rewards Became a $9.2B Wealth Transfer by sokoloff on Wednesday August 26, 2026 @07:29AM (#49447131)
I don’t think I understand.

If I pay cash for everything and my cash level fluctuates down to $0 temporarily, how do I buy something right then?