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Because it gives me 2.5% cash back, which is basically free money.

That comes out of the merchant's pocket, who has priced it into the sale price you are paying.

It is not, thus, free money, at all.

On a macro level, that's true. On an individual level, your avacados cost 3% more whether you use credit or debit, it's just your choice to recover 2.5% from that back in rewards or not.

It can also be your choice to lobby your government to shut down the rent-seeking behaviour of Visa and MasterCard.

It can be done. The UK and the EU capped fees at 0.3% for credit cards and 0.2% for debit cards

>On an individual level, your avacados cost 3% more whether you use credit or debit, it's just your choice to recover 2.5% from that back in rewards or not.

I instead chose to live somewhere it's capped at 0.3% and then I don't have to fuck around to get my money back after the fact. As an added bonus, I don't even know what a medical bill looks like.

How do you think they got that 2.5% to "give back"?

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