News for hackers. Stuff that matters.

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 brainwad on Wednesday August 26, 2026 @02:25PM (#49453584)
With cash you can't overcommit - you can only spend what you have - with card you can. If you are poor, overcommitting is very tempting as otherwise you will be going without things you need/want. But that temptation leads to debt.
[ Parent | on HN ]
Re:Credit Card Rewards Became a $9.2B Wealth Transfer by gblargg on Friday August 28, 2026 @09:05PM (#49485966)
True, cash is good if you lack discipline. For such a person, more flexibility leads to less because they misuse it in a way that reduces flexibility. It's a footgun for these people.
[ Parent | on HN ]