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elteto
59 days ago
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Squillions: How money laundering won
Most of the time it’s the other way around, at least in the US: because cash and credit card prices are almost always the same it is the cash users who are overpaying, to the tune of 2-3% of the purchase price. It makes no sense to use cash.
lxgr
59 days ago
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Sure, but somebody is still paying more in aggregate than what you get out as rewards, or this industry would not exist.
UltraSane
59 days ago
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Yes, the 12 to 30 percent interest the credit card companies charge.
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