Comment That's just understood (Score 1) 509
If I got a 3% (or really > 1%) discount using cash, I'd probably use it. As it is, I usually don't get that discount so I use my credit card, where I DO get the discount.
In cases where I'm buying from a person I know well, or a business i paritcularly want to support, I'll often pay cash to help them out a little extra. If I'm buying from BigCorp, I'd rather give myself 1% than give them 2%.
I would imagine that most of us understand this concept, that the money used to pay for rewards are coming from the fees that the credit card companies charge vendors.
In cases where I'm buying from a person I know well, or a business i paritcularly want to support, I'll often pay cash to help them out a little extra. If I'm buying from BigCorp, I'd rather give myself 1% than give them 2%.
I would imagine that most of us understand this concept, that the money used to pay for rewards are coming from the fees that the credit card companies charge vendors.