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0 pointsaianus11y ago0 comments

How is that possible given that my credit card gives 1% cash back?

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4 comments · 2 top-level

zminjie11y ago· 1 in thread

they bank on you not paying the full balance every month so the interest alone will more than pay for your cash back.

That and the fees they collect from the merchants.

anon138511y ago· 1 in thread

A lot of people don't pay off their cards on time?

eric_h11y ago

The average american has 15k in credit card debt[1]

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