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I imagine this is the beginning of the end of credit cards with rewards in the U.S. Unless Congress passes some relevant law (which would not surprise me).

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It's rather the sign of an abusive HN-specific editorial title. The op read the article way deeper than between the lines.

No ways. Unless you want to have a hard time getting a place to rent or get a mortgage, you WILL need to have credit. I learned that the hard way when I cancelled all my credit cards two years ago and have had no debt or loans since. I just used debit cards for everything. And now, I'm almost a millionaire having a hard time finding a place to rent because my credit is not the greatest anymore.

He only said "credit cards with rewards", as in there's no incentive for people to use credit cards that have a reward if they end up charged more for every purchase.

Also if you are a millionaire and are having a hard time finding a place to rent, why not just offer to pay 6 to 12 months of rent up front? Even in NYC that tends to work.

Yeah, you'd think that having "good savings" is at least as good as "good credit".

The only reason I have a credit card is in case I need good credit in the future for a mortgage or something. Otherwise a debit card would suit me fine.

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