61–70 of 75 posts
Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.
Most of the time, you’re paying the same price even if you use cash.
Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.
That's why lots of smaller/family restaurants are cash only.
Don’t make me input things without telling me that I’ll need a login to see the result. Requiring account creation upfront is fair; this is a very unpleasant dark pattern preying on the sunk cost fallacy.
I totally hear you! We looked at the comments here and are going to make a lot of the features on the product available without account creation! Appreciate the feedback
I'd just have liked to know about it before selecting a few of my cards, which took me a minute or so. That's too much time/effort to get nothing in return.
What "AI" is involved in this? It's mostly just a few database lookups based on merchant name and/or category, isn't it? Or is that just marketing gloss, because everything is "AI" now?
To be honest I totally forgot we left it there. We did have an AI feature baked in that we feature flagged because we wanted to get the core functionality right. Sorry for misleading you but I think the AI feature we have planned will be worth it
The small % you get on each purchase is crumbs, but the cookie is the big sign up bonus you can get. For the past several years I've been making about $2k/year from that, which is so much more than the % bonus that I don't know why anyone would care about getting 3% back rather than 2%. Like if you are that worried about your money, take the free $2k first.
Do you have a system or tool for finding card offers with signup bonuses? Also (this is possibly common knowledge but) your credit score is negatively impacted not just by % of available credit utilized, but also by average age of credit accounts. If you're going to want a significant loan (eg a mortgage) in the forseeable future, something to keep in mind.
Overall Chase business cards seem to usually have the best deals, and they don't require you to have a "real" business to get them.
It does impact your credit score, so you are correct to be careful if you're going to get a mortgage soon. But in my experience, the effect can't be too big because my credit score is still excellent despite getting a new credit card every couple months.
Earlier quoted context omitted.
You either play that game or subside others who do, regardless of of whether you like it or not — you are still participating. Prices are already higher for everyone.
There’s a much better option. Cap the card transaction fees by offering a public alternative.
We should have some form of Faster Payments scheme, backed by the state, because cheap, reliable transaction networks are the sort of infrastructure that's good for business. At the very least, this screams "make FedNow the default payment rail". Then if people actually want to spend money that isn't theirs, let lenders build something pluggable on top, so their costs and needs are solely limited to the credit aspects, rather than skimming of of every single transfer of value.
Earlier quoted context omitted.
Be careful to not overfit to HN comments if they're not your target audience though! Sometimes the vibe is "I don't wanna pay for stuff and I can build that myself" and that probably isn't your target audience
My complaint isn't about having to pay, it's about not knowing upfront whether I will.
Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.
Every study shows that people on average spend more when they use credit cards. If I owned a business, I wouldn’t accept cash at all.
Earlier quoted context omitted.
You either play that game or subside others who do, regardless of of whether you like it or not — you are still participating. Prices are already higher for everyone.
There’s a much better option. Cap the card transaction fees by offering a public alternative.
There is already a low transaction fee network that works over the current infrastructure - debit cards.