Regarding the rewards, the company that accepts the card pays a fee either based on interchange or tiered pricing. The 2% cash back cards cost me more than 2% in fees when I take them, so the cc company is making money no matter what happens.
For sure, but I don't think anyone thought the CC companies weren't making money on the deal.
1. The credit card companies make more on average on you then you make on them. They are a multi billion dollar industry that spends a lot of money on getting money from you. Do you really think you are getting the better of them?
2. While a few people make a few hundred bucks a year off this game, there are a boat load of people who are financially struggling because of credit cards.
3. One of the biggest expense of credit cards is you spend more with plastic than cash. You impulse more. Even if you don't pay Visa a dime in interest, it costs you thousands.
4. Credit cards don't make people wealthy, but they can make you broke.
I was in Elgin on the 20th and bought fuel there. It wasn't at a 7-11. Looks like I missed it.http://www.statesman.com/news/local...ers-elgin-gas-station/oiG5rhWCPvQr09JvDVDsnK/
Police find credit card skimmers at Elgin gas station
I have sworn off using my debit card for most things,
They took the charge off my account immediately, canceled the card and overnighted a new one. Fortunately it was a pain free experience for me.
Getting all those auto debits reworked is never painless. Just went through that for the fourth time.
.... About the only time I use a debit card is at WM where the card never leaves my hand. Anyplace else I use credit.