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honey-smile t1_jabjvzj wrote

They’re legit. They make money in a myriad of different ways but they’re not screwing people over (at least not from what I’ve heard and personal experience).

It’s just a different way to pay for something. In contrast, you could often get 1-3% back if you bought it with a credit card (and assuming you had the cash to pay it off without accruing interest) so it isn’t always a better deal.

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nabeel_co OP t1_jabk9we wrote

3% cash back?! I'm using the wrong credit cards... 😳

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Pretty_Swordfish t1_jacfsrp wrote

Cap1 Savor one is 3% for groceries, dining, Streaming. Amex is 6% for groceries with $95 annual fee. Amazon prime card is 5% for Amazon and whole foods, etc. Look at the credit card reddit for tons of info.

As for Affirm, plan to pay off the bill at least 30 days before the due date in full and have payments on auto and it's fine. Most people aren't that responsible and they miss a payment or can't pay in full by the end of the 0% period.

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xEvilMunkyx t1_jacpsci wrote

Just adding that $95 AF Amex card (the BCP) also comes with 6% Streaming and 3% Gas & Transit.

(Figured since you mentioned streaming on the Cap1, it was worth including for the Amex.)

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honey-smile t1_jabkni8 wrote

Discover has 5% cash back categories that change every quarter. One is Amazon, online shopping, restaurants, etc.

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AccomplishedClub6 t1_jaclhmb wrote

Citi custom cash is way better. 5% cash back on categories that don’t change and it auto finds the highest spending category each month. I use it as my dedicated grocery store credit card.

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