I'm definitely old school when it comes to credit cards. Everyone's situation is different, but for me I aim to NNNNNEEEEEEVVVVVEEEEEEERRRRRR have a credit card. Not to fond of thinking about owing someone else an exorbitant amount of $. Who you owe you ask? Sallie Mae and Betsy Devos......
Yet, I keep seeing an intriguing prospect. Cards with cash back options toward cryptocurrency. Now, if you're responsible and pay your bills before the end of the day, why wouldn't the prospect of earning some extra BTC, ETH, or BAT be enticing?
No interest earned. What is the coin doing between the time its uploaded to me monthly? Quarterly? Same gripe on my end as with Rakuten, Ibotta, and some cash back apps or services when you make a purchase. That's the reason no one likes using the banks savings accounts anymore compared to the high interest ones at Barclay's or Synchrony.
It sounds great if its consistently uploaded into your wallet, but cryptoback seems like a marketing gimmick. Its like when you get a gift, say you don't like it and the person gives it to someone else in a pretty bag.
Now, I didn't come here to solely old man rave about how bad the whole idea seems. I sat here and typed you gotta give things a try, so here's what I'm looking to do: research and obtain the best cryptoback card on the market. Once that's done and I've had some pros and cons to report, I'll let ya know. Love the attempts to identify with me by these specific companies, but there's only one way to see if the idea has real weight to it. Do it.
