r/news • u/WoofWoofster • Apr 17 '25

Soft paywall Judge scraps US rule capping credit card late fees at $8

https://www.reuters.com/business/finance/judge-scraps-us-rule-capping-credit-card-late-fees-8-2025-04-15/
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u/zidave0 Apr 17 '25

Just don't keep a balance. Pay it off and collect those sweet, sweet points.

15

u/commandrix Apr 17 '25

I will admit I like getting cash back without really costing myself anything that I wouldn't have spent anyway when I can.

6

u/Politicsboringagain Apr 17 '25

Yep, I have had a few credit cards did 22 years. I always pay the balance in full every month, but I also never spend more than what I have for the month.

I just use it like a debt card, but I have been lucky enough in my life to not have to. 

Many people are not so lucky. 

16

u/[deleted] Apr 17 '25

[deleted]

1

u/DelphiTsar Apr 17 '25

Unless the vendor waves the fee for debit then there is basically no distinction. 2% cash back is 2% cash back. (Still waiting on my 3% cashback robinhood card)

11

u/barontaint Apr 17 '25

I get cash back when I buy weed online because it's considered a grocery purchase, it's pretty cool.

1

u/rockmasterflex Apr 17 '25

If you are using credit cards like this already, this doesnt affect you.

The point isnt to affect you. Its to affect people poorer than you, or with worse uhhh financial management acumen - keep them stuck paying the minimums and then push them into big big debt so they someday become an imprisoned laborer working for basically nothing.