> Why would you even use a credit card if you have the money?
I get ten percent cash back on groceries right now. It is subsidized in a sense, and builds out an advertising portfolio on me - those are questionable - but it is money in my pocket.
I get ten percent cash back on groceries right now. It is subsidized in a sense, and builds out an advertising portfolio on me - those are questionable - but it is money in my pocket.
You must share which card is this, I will get one immediately. 10%?
https://www.discover.com/credit-cards/cash-back/it-card.html
The ten percent is a promotion they were doing for getting the card; matching your cash back for a bit. 1% on everything, 5% on a couple of categories, and x2 for only a bit.
I do have a "credit card" because some sites refuse to accept debit ones. But no cashbacks or anything. Maybe it differs by bank (I use caixabank in Spain)
The one thing I do like as a reward is that caixa funds several museums and you can get in for free if you have an account with them. But it doesn't have to be a credit card, a normal account is enough.
In Europe these are legally capped, in the us they are not. So the 2% cash back on US cards is the cards and banks competing for market share by providing kickbacks from these fees to customers.
https://www.bitsaboutmoney.com/archive/how-credit-cards-make...