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this post was submitted on 09 Mar 2025
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Leopards Ate My Face
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Chronicling political and metaphorical leopards eating the faces of the hubristic.
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This is part of the reason I have always refused to get a credit card. Seems to be going well for me so far. Already got a house and other than that never plan to borrow money again.
If you are financially stable you can certainly use credit cards in a responsible way, gaming the system to earn cashback, points and other perks while always paying back in full and thereby never giving the card companies anything.
But it's obviously tempting to build up debt.
Nothing except your entire purchasing history which can be used to infer all sorts of things about you.
As well as the 2-4% that the merchant pays to them for every one of your purchases. That is passed on to you in the price that the store charges. Only gas stations regularly give you a discount for cash, and that discount is them just removing that 2-4% up-charge that they need to include to cover their payment to Mastercard or Visa on the very thin margin that they make in selling gas.