Fed cuts rates by half a percentage point.
- Thread starter Aloha Hoosier
- Start date
He doesn't actually care - this is what our country's Presidential race has devolved into. A race to the bottom using populist rhetoric that is unrealistic and stupid.
It doesn't technically "control" rates. It provides targets for the Effective Federal Funds Rate.
Then we are both weird that way. Unfortunately for many the CC balances have exploded during the past few years due to increased prices.
We use CCs for the rewards. We just pay off the total balance each month. Card use is not really the issue. It’s rolling balances over and accruing interest that gets people in trouble.
Except for a travel rewards card that I use only when traveling, pay it off immediately, and get cash back or points rewards, I haven't used a credit card in 15 years. I ones that I once had (Discover, Capitol One) got cancelled due to lack of use. Debit card & cash is the way to go.
As if we didn't already know you are a dumbass, imagine leaving free money on the table AND having poor cash management.
I do exactly the same. I get paid to use credit cards.
Not only that, they are loaning you money for free for a month (sometimes more).
I wonder how long people will do this when businesses start passing the cc fee back to the customer? In Florida this summer and most all restaurants had a cash price and a credit price. I can see in a few years everyone will incorporate this, only makes sense as businesses that accept the cards pay for all the rewards.
