LogFAQs > #970774288

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Topic	So I was reading up on credit in the US and it's kinda blowing my mind
Peace___Frog 01/11/23 12:09:20 PM #27:	MacArrowny posted... 1. If retailers raise there prices to make up for fees, credit cards don't actually benefit the customer. 2. A debit card has all the benefits you mention without the negatives. When retailers raise prices to make up for fees, it's people who can't get approved for credit cards who get screwed over. They're also the least likely to have the option of shopping around. Credit is a huge fucking scam that exists to benefit the haves at the expense of the have nots. --- ~Peaf~ <cite>Peace___Frog posted [p:970774288] in So I was r... [t:80308260]...</cite> <quote>MacArrowny posted... </cite><quote>1. If retailers raise there prices to make up for fees, credit cards don't actually benefit the customer.2. A debit card has all the benefits you mention without the negatives.</quote>When retailers raise prices to make up for fees, it's people who can't get approved for credit cards who get screwed over. They're also the least likely to have the option of shopping around. Credit is a huge fucking scam that exists to benefit the haves at the expense of the have nots. --- ~Peaf~</quote> ... Copied to Clipboard!
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