Honestly, what's the point of a credit card? Why don't people mostly use debit cards? It gets just directly wire transferred from your account. No sort of junk fees or monthly subscription needed. Genuine Question.
this post was submitted on 27 Jul 2025
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Tons of cards have zero fees. Some offer rewards and benefits at no real cost. I have for nearly a decade used a card with 1% back on purchases and 1% back on payments. Running all my usual spending through that and then just paying it off has net me a lot of money in that time that I just use for statement credit.
It's easy to dispute charges should I ever need to. Rare since I'm cautious anyways, but the extra layer before my actual bank account is nice.
It has also built up a hell of a credit rating for me as well.
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Fiscally responsible people do it because of the cash back/perks and 0% interest.
Fiscally irresponsible people do it because 'free money' (ignoring the 28% annual interest).
Credit cards also offer better consumer protections than debit cards. Ex: chargebacks.
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My debit card is a master card.
They still need to go through a payment processor, using a debit instead of credit card isn't really the solution to the current problems.
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The main reason I don't care for bitcoin is I have to count a bunch zeros after the decimal point, before reaching a useful number. $1 = 0.000006128921 btc? Really? Screw those zeroes. Bitcoin is inefficient in so many ways.
If you're paying for small good (25-50$) you usually pay in "Satoshis" 0.00000001 BTC. If you convert it to dollars, 10 satoshis is 1 cent.
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Things are often measured in mBTC or µBTC for this exact reason.
Just as you don't measure the length of an ant in meters, you measure it in millimeters.
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