Just another scam that Dumericans can't understand

My partner and I pay our cards off in full each month avoiding any interest payments to the credit card companies. Once one of us unlocks the travel points on a card, the other opens a different one. Other than the nominal annual fees, there hasn't been any downside since we don't carry interest accruing debt.

We have paid for two trips to Mexico completely with points, and we are going a Vegas/Hawaii/Vancouver trip next summer 100% covered with points. This is a huge benefit to us since we are working class, I am a civil servant and partner is self employed. There are also other perks for us like free streaming services for 12 mo, free Instacart membership, free luggage etc. I think where people run into a problem is accruing large balances and paying more back to the card companies than what they earned in points. If you are smart with them, you can actually take advantage of the financial institutions. Of course, the GOP will probably now allow them to back out of their promises to consumers. I'll definitely be keeping an eye on how they handle regulations on these offers.

You know the ratfinks will try to find some way to screw us over!

For your points etc.

Did you know that?

It makes for a small increase overall where the benefits are channeled to those that are part of the program.

At least when the credit card company doesn't eat the cost because it gets them greater volume (which, as any supply/demand curve will tell you, might make for more income even at a lower profit per $).

Businesses used to not accept credit cards that had too high swipe fees; then they were, by rule, told they couldn't and the reward schemes skyrocketed.

by using our credit card and always paying at the end of the month. We use them to pay for meals when we travel and to splurge on things we wouldn’t buy at full price. You are way ahead of me in terms of cashing in points for air travel.