[tellw]

If I’m in the 7-11 today or 15+ years ago I could buy something with my Discover Card and get 1% cash back or use the ATM to get cash and pay $3 withdrawl fee and no bonus. It’s as dumb then to use cash today as it was then.

[bigbob]

Agree, the only time I use cash anymore is if I’m just buying one or two things at the store and at fleamarkets and such. Even then, more people have Square readers on their phones.

[fr_freak]

It’s as dumb then to use cash today as it was then.

Sure, if you diligently pay off your monthly bill, your cash back scheme will pay off, but the credit card companies wouldn't invent such a scheme if they didn't profit from it, which means that most people end up paying more in interest and what-not then they get back. Meanwhile, everything you buy can be tracked, and that would include your location when you make the purchase. I know, I know, what do you care, you have nothing to hide. But holding your privacy dear is far from "dumb", not to mention the ease of the use of cash, which is good everywhere, even when the computer is down or the power is out.

[Hostage]

NIRP. Look it up, then come back and say the same thing.

[Chickensoup]

let me introduce you to the concept of bank and credit union tellers.

requires preplanning and forethought, but effective.

[trebb]

If I’m in the 7-11 today or 15+ years ago I could buy something with my Discover Card and get 1% cash back or use the ATM to get cash and pay $3 withdrawl fee and no bonus. It’s as dumb then to use cash today as it was then.

Having that as an option is great - mos of my spending is via credit card. But if physical cash is done away with, electronic control makes it easy for some really bad crap to happen at a dictator's will.