Apparently, it takes you out of the 'waste' pile and we've seen our credit score stay really high.
No, no, that is precisely what makes you waste, because you are only making money for the card issuer through merchant swipe fees--and costing them money by utilizing cashback and rewards points. Whereas an issuer's profits are optimized by individuals who carry "manageable" balances (i.e., not big enough to tip the user into insolvency and prevent the issuer from collecting them). In other words, people with excellent credit are the definition of wastes from the card issuer's perspective, because they don't generate profit from interest or late fees.
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No, no, that is precisely what makes you waste, because you are only making money for the card issuer through merchant swipe fees--and costing them money by utilizing cashback and rewards points. Whereas an issuer's profits are optimized by individuals who carry "manageable" balances (i.e., not big enough to tip the user into insolvency and prevent the issuer from collecting them). In other words, people with excellent credit are the definition of wastes from the card issuer's perspective, because they don't generate profit from interest or late fees.