this post was submitted on 01 Jun 2025
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A lot of people avoid credit cards, but if you get one that has good "cash back" rewards and only use it for stuff you're already buying anyway then you basically get a discount on everything.
I have a PayPal card that is like 1.5%-3% back on everything so I just do all my normal purchases on there, even insurance payments and stuff, then pay it all off as soon as I'm "allowed" to. I basically get a few hundred dollars a year back from stuff I'd be buying no matter what.
Just be careful of your cards maximum... I literally just learned this the hard way this week... I did all my normal shopping/payments like I always do, but I also rebuilt my computer so I ended up using 50% of my available credit and lost 20 fucking points off my credit score for it!!! Such a scam system lol
Cue all the whining.
Credit cards are an amazing tool, and one of the best things that people don't realize is almost every single credit card gives you 90 days loss damage theft protection, and an extra year warranty on top of whatever the manufacturer gives you.
This has literally saved me tens of thousands of dollars over the last three decades.
I got two brand new laptops because they both died around the 2 to 3 year point, and the extra year of CC warranty carried the coverage over. With no replacement parts available, they were required to give brand new laptops with new warranty. That's just one example of many. My brother smashed a TV when we were setting it up... Invoked the 90 dat damage protection and got a "free" TV.
Oh my god this is the first I've heard of this and I could have saved fucking THOUSANDS with the amount of shit I've bought that's broken over the last 5 years. Where is this info??? Is it only certain CCs?
A lot of cards have other fringe perks like insurance on rental cars, for example. Absolutely worth flipping through your benefits package sometime.
YES! I had forgotten about that one! My current policy has basically "permanent rental insurance". Woah, thanks for the reminder to literally browse my benefits package again.
That system only exists because it's profitable for PayPal. Enough people can't manage paying it off fast enough. And the spying on purchase habits but that's unavoidable with any card. Just be honest with yourself before you start trying to farm credit card perks.
It is because credit card companies charge a fee to vendors. It is sizeable enough that credit card companies will offer 1% back so they can make money on the other 2%-4%.
I'd wager it is the 15% or more they can sucker half of people into paying. Cash back is bait.
The premium credit cards don't assume standing balances. You typically don't get that much money by being bad with money.
https://www.nerdwallet.com/reviews/credit-cards/paypal-cashback
690 doesn't sound premium
Wow I never knew credit scores could be triple digits.
Those points come right back next month when you pay off the card and the agency sees a lower credit utilization. Nothing to fret about.
Ahh awesome! You spend so much time "being good" for the score to barely move and then seeing this sudden drop killed me. Thanks for letting me know!