Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.

You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand.

You could argue that everything costs 3% more because credit cards, but it's not hard to earn more than that with rewards, so it's kind of a YMMV situation.

I do hate the fact that all my rewards-based trips are basically paid for by other consumers with massive amounts of credit card debt, though.

Huh show me a free credit card the gives 3% cashback which is not a set time or category promo.

Highest ive seen is 2.2% cashback. Certain rewards points are thought to be worth 5-15cents each eg. starwood amex points if you intend to stay at hotels and compare the price to what the hotel normally costs. Theres an annual fee on that card but some people get it waived. Was just giving an example of how depending on how you use your points you can get much more than 3%.

I know someone who has an amex gold and sells amex rewards points for like 5cents or so. although that has an annual fee as well. if you spend enough you negate the annual fee and can still get like 3.5-4%.

IF you spend enough and IF you want to stay in that specific hotel IF that hotel is available on that date IF your points don't expire ... bottom line credit companies are for profit and are making money (lots of it) off transactions. There can be no argument that cutting them out is beneficial, to both merchants and their customers, a more valid argument should be how those savings should be split between two

unless part of the rewards come from people overspending and the interest they end up paying. paying in bitcoins even with discounts might not be able to compete with incentives credit card companies can afford to offer.