Submitted 1 day ago by FreshParsnip@lemmy.ca to showerthoughts@lemmy.world
A credit card is a card to say “these people will pay you and I’ll owe them money”
With a gift card, you’re choosing items that have already been paid for, the company already got the money and you’re just picking out what you want to buy with it
Money first, stuff later = gift card
Stuff first, money later + extra money = credit card
If you can pay your statement balance on time, then there is no “+ extra money”.
~That is often much easier said than done.~
It’s easy, my bank automatically pays off my cc monthly from my current account. Isn’t it standard?
You mean less money right? Most credit cards give you 1-2% back.
If you pay your bills on time, you can take advantage of that. You can think of it as a tiny discount, but the credit card company thinks of you as dead weight.
However, those companies also have clever mathematicians who have figured out how much to give you back and how much interest to demand from the people who don’t pay their bills on time. The house always wins.
Exactly
It’s considered tacky to just give people cash, but that would honestly be a better practice.
Gift cards say, “I could have just given you cash, but I wasn’t considerate enough to also give the freedom to buy what you want. I have therefore restricted you to store of my choosing, for if I cared at all about you, I’d actually have been able to buy a suitable gift myself.”
Gift cards are great for family members who have addiction issues 🤷♀️
They’re also great for the people in your life who you know are too practical to buy themselves something nice with gifted cash
Can you get a gift card for rehab?
I guess it’s easier to write off if you’re employer as you can get an invoice for giftcard. Also sometimes shops will offer you a gift card uf you’re returning something outside of the customary time period of 30 days, but it’s better than not being able to return.
What’s vile is gift cards with expiry date which I cant believe is legal, even in the EU!
Demonmariner@lemmy.world 1 day ago
A gift card is an interest-free loan to the vendor.
markz@suppo.fi 1 day ago
Gift cards are just inferior fake money locked to one store.
cron@feddit.org 1 day ago
With a quite high probability that the loan is never asked back.
DeathByBigSad@sh.itjust.works 1 day ago
Do people actually lose/forget about gift cards?