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  #1  
Old 07-29-2025, 01:35 PM
OriginalContentGuy OriginalContentGuy is offline
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Originally Posted by kjs86z2 [You must be logged in to view images. Log in or Register.]
In today's world of credit card rewards, this is no longer true unless you're getting a big cash discount.
Aggregating your purchase history to assemble a psychometric profile which is resold to marketers at profit all while you are paying them to loan you money as part of a never ending global cycle of debt and interest is a reward? Serious question there asked without presupposition.
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Old 07-29-2025, 03:17 PM
kjs86z2 kjs86z2 is online now
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Originally Posted by OriginalContentGuy [You must be logged in to view images. Log in or Register.]
Aggregating your purchase history to assemble a psychometric profile which is resold to marketers at profit all while you are paying them to loan you money as part of a never ending global cycle of debt and interest is a reward? Serious question there asked without presupposition.
idk man i just know i fly / stay for free a lot and im willing to give up my purchase history data for that

ive never paid a cent of CC interest

but yeah, seize the means of production or whatever you're into
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  #3  
Old 07-29-2025, 03:31 PM
OriginalContentGuy OriginalContentGuy is offline
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Originally Posted by kjs86z2 [You must be logged in to view images. Log in or Register.]
idk man i just know i fly / stay for free a lot and im willing to give up my purchase history data for that

ive never paid a cent of CC interest

but yeah, seize the means of production or whatever you're into
The intelligent and quick will amass wealth in any age in my experience. But psychopaths are something else and I understand such people who lack empathy for others exist. I'm not deducing or reaching that conclusion about you at all, nor your reason. Respect where it's due and if you respect me I respect you.
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Old 07-30-2025, 11:49 AM
NopeNopeNopeNope NopeNopeNopeNope is offline
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Originally Posted by OriginalContentGuy [You must be logged in to view images. Log in or Register.]
Aggregating your purchase history to assemble a psychometric profile which is resold to marketers at profit all while you are paying them to loan you money as part of a never ending global cycle of debt and interest is a reward? Serious question there asked without presupposition.
A rich progressive friend of mine does “churning” which he’s described as going onto a Reddit thread to find the current credit cards that offer the most $ rewards

He then spends whatever it takes to reach the reward by using the card for all of his purchases. Then claims the reward, pays off the card, then cancels the card

The credit cards I believe are losing money with this practice and it shows because they often discover they have made the lists as a churn target and stop their rewards in response

And my friend hates big banks and credit card companies and sees this practice as sticking it to them, or essentially legally scamming them

I can’t post more about it though because I don’t want to deal with this forum being bogged down by 50,000 or whatever guest bots which it currently is
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Old 07-30-2025, 12:25 PM
Ekco Ekco is offline
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Originally Posted by NopeNopeNopeNope [You must be logged in to view images. Log in or Register.]
The credit cards I believe are losing money with this practice
depends on the company also, like Sofi,Chime and these newer banking apps / stock trading apps are juicing their numbers by offering 100 bucks if you refer a friend, free stocks, good yield on your saving account etc..etc are doing it to boost numbers so their stock price goes up. Apparently it's worth it to buy customers if on paper it looks like you got incredible growth Sofi is 21 bucks a share and it was 10 back in April.

robinhood has gone from 35 to over a 100 since April

and all these apps are offering banking services now, like Chase and BOA are turbo fucked when geezers kick the bucket i think

edit: also the math is way different as you go up the income scale, like the rich people cards that offer insane rewards, it's worth it for them to have that person as a customer
Last edited by Ekco; 07-30-2025 at 12:28 PM..
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