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RE: Buy now and pay later systems - I need help - Australia
I'd washer they'll also make some money on those that miss payments, as there will be quite a few.
With regards credit cards, all the ones I've looked at which allow you to collect points (frequent flyers etc.) have a yearly fee attached to them. When I figured our how much I'd have to spend to make it worth while, it would cost me more to have it than the value I'd get in return.
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Thanks for the considered response - the more I read the more I'm leaning that Afterpay is a good thing allowing lay-buy, if responsibly used - but yeah I see the evil view side as well, if they are enabling people who can't afford to book too much up. Where Splitit you do need a credit card (As you said normally come with annual fee's etc -- unless you happen to have a way to make the bank wave them) then you can get all the normal points on your purchase, earn returns on your own money and just make your regular payments and set.
For me I doubt I will use anything listed here and just keep paying cash -- but there will be a day where cash will be no more, and I am compelled to think about this stuff; things like getting 'free flights on points for things I am buying anyways' is compelling to my life style, so I must try to understand these things and plan :)
Cheers