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A comment on Credit Card Rewards Became a $9.2B Wealth Transfer. Parent comment

Re:Credit Card Rewards Became a $9.2B Wealth Transfer by paxys on Tuesday August 25, 2026 @08:29AM (#49432809)
One isn’t more real than the other. They are both numbers in an online database. In one case your assets are going down, in the other your liabilities are going up. The net result is the same.
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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by cpburns2009 on Tuesday August 25, 2026 @08:48AM (#49433110)
I agree with dougdude. I like debit cards better because you see the balance change immediately. The thing I dislike about credit cards is payment is deferred by a month.
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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by ValentineC on Wednesday August 26, 2026 @09:37AM (#49448958)
> The thing I dislike about credit cards is payment is deferred by a month.

I like this. It means that I can earn a bit more bank interest on what I've spent.

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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by caminante on Tuesday August 25, 2026 @09:12AM (#49433442)
The parent isn't explaining it well, largely because it's not rational.

I think of it like alcoholics who can't be near alcohol. It's some deep seated degeneracy or fear.

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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by skinfaxi on Tuesday August 25, 2026 @08:53AM (#49433183)
It's a world of difference if one of them gets stolen vs the other.
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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by paxys on Tuesday August 25, 2026 @09:11AM (#49433424)
In that case a credit card is actually significantly better than debit
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Re:Credit Card Rewards Became a $9.2B Wealth Transfer by skinfaxi on Tuesday August 25, 2026 @09:19AM (#49433550)
Yes that was my point. A debit card stolen from you hits harder than some numbers in a database going down when you can't pay your rent.
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