this post was submitted on 14 Jan 2026
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Mastercard/Visa’s control (lemmy.world)
submitted 22 hours ago by ontariobay@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] jacksilver@lemmy.world 1 points 7 hours ago (1 children)

Ah, I thought you were talking about a flaw in an individual using credit cards, but your issue is the systemic problems it causes.

Ignoring the externalities, an individual is better off using a credit card to get back points and have protections offered by the cards. However, you are right that by doing so, we perpetuate the larger problem.

That being said, I think every financial transaction has a "cost" associated with it. Even for bank tranfers/checks or cash there is a cost to process that transaction (cash increases risk of theft, need to move money, etc. bank transfers still require infrastructure to process). It'd be interesting to know if the cost for credit cards is actually that much more than the hidden costs of handling things like cash.

[–] PokerChips@programming.dev 1 points 1 hour ago

Maybe the cost is the interest you give up to the bank that profits off of your assets.