Comment on [Update: Valve Responds] Mastercard Denies Pressuring Steam To Censor 'NSFW' Games

• lmmarsano@lemmynsfw.com ⁨3⁩ ⁨weeks⁩ ago

  I thought credit was the main selling point.

  • Ability to dispute & reverse charges.
  • Flexibility to keep cash in a higher interest account until payment is due.
  • Not having to constantly check enough cash in is your low interest checking account (which you’ll keep low so your cash earns more interest elsewhere & to minimize losses in case of unauthorized debits).

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  • bjoern_tantau@swg-empire.de ⁨3⁩ ⁨weeks⁩ ago

    You have an account that earns interest?

    Last time I saw that was as a child.

    But then again I was able to get a loan for my house at ridiculously low interest, so I’m not complaining too much.

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    • Modern_medicine_isnt@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Well think of it like this. I keep an amount in my checking account (basically no interest) to cover the credit card bills. Extra I move out to an online savings account that does have a ddcent interest rate. By having a date when the CC bill comes due, I can check once a month (7 days before due) and move money if needed to cover the bill. So while the checking has practically no interest, I was getting close to 5% on the savings for a while. Still a far stretch from the 12% cds I got as a kid, but it’s something.

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    • SheeEttin@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

      HYSA exist. My checking account earns a pittance.

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      • whats_a_lemmy@midwest.social ⁨3⁩ ⁨weeks⁩ ago

        You can occasionally find high interest checking accounts too, but they tend to have weird strings attached

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    • lmmarsano@lemmynsfw.com ⁨3⁩ ⁨weeks⁩ ago

      Yep, like this one, though it could earn more in bonds or investments.

      Low-interest loans are great, too: if they don’t need to be repaid right away, they can be leveraged to earn back more than their cost.

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