My buddy told me cash-only would make me miss out on rewards, but he was dead wrong

My friend Mike kept pushing that cash back and points stuff, said I was leaving free money on the table by not using cards. He showed me his Amex statement from last month where he got like $47 back, acting like that was a big win. I told him I haven't paid a penny in interest or late fees in 3 years since going cash-only, and my budget actually stays put. Last week he texted me that he accidentally spent $600 on a new TV because the card made it feel fake, and now he's kicking himself. I just carry a wad of twenties from the credit union downtown and when it's gone, it's gone. No surprises, no statements to read through. Has anyone else had a friend try to sell you on rewards but you stuck to paper and came out ahead?

2 comments

2 Comments

ryanf6613d ago

Seen too many people get burned by that fake money feeling.

holly89813d ago

Doesn't that depend on how you use it though? @ryanf66 I think the problem isn't the crypto itself but people who treat it like a quick lottery ticket instead of an investment. If you buy in and hold for years it's a different story than jumping in on a hype coin.