Reminder that (((they))) invented credit cards so people can go into debt more easily

Reminder that (((they))) invented credit cards so people can go into debt more easily.

Physical Cash >> """credit card"""

Water is wet

No its not. Things that come into contact with water become wet.

If you treat credit cards like cash and pay your balance in full every month there's nothing wrong with them.

with the right card you actually get paid to do this
i pay all my bills with cash back cards, its free money

I agree
anyone who disagrees is a vrompo gumprus

2-5% cash back, chargebacks, 18 month no interest balance transfers... Yeah, the Jew's really fucking me over.

was waiting for the worthless anecdotal story from a liar to "debunk" this thread and here it is

>what is surface tension
Water is wet the same way mercury isn't. Work on your definitions leaf.

Peace be upon you Muhammed

debit card ftw

If you go into debt, you deserve it.

You are able to do this because stores are required to pay 1.5%~3.5% of every transaction amount to the credit card company. Cards that offer points or cash back or bonus rewards cost more dor the store to process thus giving you incentive to use them more often.

You don’t need to go into debt for jews ti make money, you simply need to use your card.

> what is debit card
Electron money are much better than physical, and both of them are still fiat.

I have a debit card. Very useful for online payments.
My bank keeps calling me offering loans of increasingly large amount of money, and they always act very surprised when I say I don't want a loan.

And thus shit is more expensive to purchase because of the kike tax. Way above the average Sup Forums shitposter tho

This

I love capitalism.

You don't make the tax go away by opting to not use plastic cards instead of cash, so what is your point?

>t irresponsible millennial who bought a house with a credit card

You make the tax disappear if everyone stopped using it.

You don't make everyone stop using cards by stopping to use cards.

>he can't pay for things outright

We're talking credit cards not debit cards Sergei

>Spending money

yes goyim consume things that do not appreciate

your """""quality of life""""""" will improve if you own this new widget thats the same as your old widget which was the same as the earlier widget

oy vey don't save your money and slowly invest it into appreciating investments, that's what a dumb goyim would do

buy a new car, you like the word new don't you? it's better than old or used, you don't want old or used goods do you?

your money is just sitting there getting old, why not use your old money and get something new goyim?

remember goyim, if you stop consuming, it's bad for the economy, and that's bad for you, goy

The kike tax applies regardless of which card you are using.

what is the point of credit cards anyway?
paying slightly extra to have access to next months paycheck today?
and then getting fucked if you don't pay in time?

oh gee, where do I sign up??

No it applies to credit cards. You pay your banking fees for debit. At least here.

Holy shit - so many economists.

I don't get it. Explain. An item costs 100 dollars in a shop. Buying it with cash, you pay $100. Buying it with credit card, you pay $100. Buying it with debit card, you pay $100. All at no additional cost. If the tax is included for credit card option, as a payment to the company that provides the credit card, why is it not included for debit card?

Depending on your billing cycle, it's money in advance for free.

It's also useful for unexpected expenses.
Like getting a cracked tooth treated 2 days before Christmas on short notice.

He's saying you incur a cost to have an account with the bank when you use their cards. This additional cost makes purchasing more expensive than using cash and storing cash under your bed. It's impractical advice but I think it's his argument.

Credit card is a meme,and people still fall for it.

And the worst part is that most thing in internet that u purchase is only payable by Credit card :/

So how are credit and debit cards different in this regard?

yeah it can be handy, or you can just save up for unexpected events like you're supposed to anyway and/or borrow from friends and family with better terms like 0% interest, or a fixed penalty fee

but it is good that credit cards paved the way for electronic payments, or did bankcards always exist?

3 people purchase item x from shop.
1 pays cash
1 pays debit
1 pays visa
Item costs 100
Cash guy pays for item 100 dollars
Debit guy pays for item 100 dollar and 1 dollar to the bank for the transaction fee
Credit guy pays 100 dollars, shop pays 3 dollars to visa for the credit card guy.

Shop charges 100 dollars for item instead of 99 to pay the fee for the visa guy.

>Debit guy pays for item 100 dollar and 1 dollar to the bank for the transaction fee
Welp, that's not how my debit card works at all.

Do you pay monthly banking fees?

I personally don't, my workplace does, but even if we assume that I do, that's a constant payment per month, it does not scale with the amount of money spent on purchases, so it's incorrect to treat it as a tax the way you're doing it.

Yes it is, the bank earns tx fees on debit cards also.

Unless your card pays a few % of cash back and you are good enough to manage your finances and not carry any debt over the grace period. I don't believe I ever paid any cc interest and only paid fee when the card had some huge airline miles offer so that I can fly 1st class for peanuts.

From me or from the shop?

Credit card is tax
Debit Is not is what I'm say8ng
How are you not getting this.

>All these faggots defending credit jewry
/ptg/ and /cbts/ have flooded this place with boomer retards. This is why so many of these asswipes are 60+ and working in grocery stores, gotta pay off that RV with a 25% interest rate.

desu, I am really puzzled what's the point of this. I guess it is that majority of people are just stupid and can't control their impulses. (((They))) just don't care about the remaining 3% or so :)

The shop.

I'm not getting why you think that tax exists for credit cards but does not exist for debit cards.

Well, that's exactly my point.

>holding fiat
wew boy

>everyone in this thread
>not holding all your money in gold and land
stay bluepilled

Real redpill is they both have no value and that you should mint your own coins out of hashish.
However Jews will clip these coins as always.

Not defending credit cards, user, but people tend to horde gold, so the situation is not as simple as you present it. A national currency has the potential to draw people together. Imagine if we had a pro-American U.S. Treasury Note...

Because you pay for your debit transactions through your banking fees. Your credit transactions are paid by the shop which raises the prices of its inventory to accommodate that. There's essentially a kike tax of 1-2% on every item sold in the modern world.

>Because you pay for your debit transactions through your banking fees.
It's constant per month payment, it does not scale with the amount of transactions.

Right, the bank does not charge the shop for that. It's like paying for your phone despite the amount you use.

In the US a CC transaction is 1 or 3 % normally depending if the card was swiped in person or manually entered. The reason the price % changes is due to risk concerns of fraud.

I do not believe you. I have Australian claiming the reverse of what you're saying, and I'm more inclined to believe him.

Cash is debt. You don't own cash you are basically borrowing it and adding to the national debt the more you hold.

Right. And the shop pays for that fee. In order to recuperate that sum they raise the prices of all their inventory... So we all pay for all the credit card fees despite using it or not using it. That is the tax.

Okay? Research it yourself. This is like explaining capitalism to a Soviet for me right now. I give up.

Well in the USE the shop or vendor, will usually charge a fee for CC use, or obviously when they set prices will consider how much they will lose to transaction fees.
With a debit card, usually a VISA there is no surcharge other then normal banking fees the business incurs. Sometimes though there are terminal fees.

I run a small business.

US**

i don't use cash anymore, because fiat money is fiat money. i live from month to month so in case of a bank run i'll not lose much anyways and i can still pay with my card in supermarkets.
i stack some silver though.

We are saying the same thing man...

I know I was mostly posting for that other guy and included you to see that I was agreeing with you,

Does the same 1 to 3% apply if the card is debit and not credit?

No debit cards usually do not incur that fee. It because all that debit card is doing is authorizing money to be moved from one account to another. There are some minor things, like foreign banks etc and terminal fees, however extremely rare in my line of work.

CC's absolutely cost companies more money 1-3% for most major Credit Card companies.

To put this in perspective most small business operate within a 10% net profit margin so 3% can be pretty big.

Look, credit cards are a tool. Yes, (((they))) want you to use that tool irresponsibly.
If you use them responsibly, they will literally earn you money and improve your life.
If you have no credit or poor credit, you need ONE card, preferably one that pays 1% cash back, or perhaps a store cards of someplace like Kroger if they'll approve you.
Credit cards function sort of like purchase insurance. If you get ripped off they go to bat for you, often refunding you before they obtain results.
If somebody steals your identity, your credit card has a max limit, whereas your debit is a direct link to your bank account.
All credit cards have perks, such as free rental car insurance so you can turn down the rental company's option at the counter.
Different cards are better for different things.
Some are oriented towards travel, others toward groceries & gas, etc.
Say you have a student loan or a payday loan or some other high interest rate loan. You should transfer that balance to a low-rate card with balance transfer incentives.
Once your credit is in the 7-hundreds, you should search for a 3-5% cash back card, and over time close whatever other cards you have.
Don't close a bunch of accounts at once, or you'll damage your credit score. Do something like 1 per year.
Be strict about which cards you use for various kinds of expenses, so you maximize the perks available to you.
Pay your balances in full every month before the APR is allowed to tick.
Better cards often have an annual fee because their users are more disciplined, while poorer cards rely on the APR to make money for the company.
If you need to build credit, carry a small balance and let the APR tick while making payments. You are buying credit points basically.
If you're smart, you can make thousands of dollars every year just on credit card cash back & perks.

That seems pretty bad. Is it possible for businesses to simply charge 1-3% more if the customer is paying with a CC?

Another advantage you’re overlooking is consumer protection. Had some work done on the car, mechanic damaged something I know wasn’t broken when I took it in, yet they refused to admit. Called my bank & they put a hold on the charge which I had released after the shop fixed it.

Depends on the business model. A lot of people in the US live off CC's so to not take one can alienate customers.

Normally a business will have a small CC fee. Here in American seeing "50 cent fee for all CC" is very common. So you go in and buy some chips for 5 dollars, and you pay 5.50. That is 10% not 3% but your next customer buys 10 dollars but still pays 50 cents etc.
On very large purchases like multi thousand dollars there may be a 15 dollar fee or they may not allow CC at all.

Usually though my companies know approximately how much money they lose to merchants fees (CC costs) and raises prices in accordance to that.

If you have cash in pocket to pay for high ticket item or service use a card, you’ll never see that cash again if something goes wrong

Also police seizing large amounts of cash off citizens is a thing here in the US and most of the time it is lost forever even if you are not convicted of anything.

Credit cards are pretty rare where I live, everyone uses debit cards.

Russia tier levels of injustice.
I actually never even heard about cops stealing cash here.

great points

Rey true, liquor stores in my state charge .99 if you pay with cc

I don use CC's too often but I am also debt free. Most of my friends are not. I could go out tomorrow and spend close to 70,000 US in just Credit Cards if I wanted. It is a terrible system

Indeed. They dub it "asset forfeiture" here

Yeah just google it sometime, it is fucking infuriating. In fact Canada a couple years ago starting informing their citizens not to bring large amounts of cash into the US due to it.

Ty user

And you pay it if you're using no card. The cost of card services is baked into the merchant's price. Just like the cost of cash services is baked into their price. (Y'all don't think cash processing is free, do you?)