{"id":88039,"date":"2025-06-21T01:00:52","date_gmt":"2025-06-21T08:00:52","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=88039"},"modified":"2025-06-25T08:04:56","modified_gmt":"2025-06-25T15:04:56","slug":"black-coffee-21-june-2025","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id88039-black-coffee-21-june-2025.html","title":{"rendered":"Black Coffee: Live By the Card, Die By the Card"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe<\/em> …<\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Well… another busy week is behind us. So with that in mind, let’s get this party started!<\/p>\n

Credits and Debits<\/strong><\/p>\n

A robber who justifies his theft by claiming that he actually helped his victims because his spending gave a boost to retail trade, would find few converts. But when this theory is clothed in Keynesian equations and impressive references to the \u2018multiplier effect,\u2019 it unfortunately carries more conviction.<\/em><\/p><\/blockquote>\n

\u2014 Murray Rothbard<\/strong><\/p>\n

Credit:<\/strong><\/span> Did you see this? A new survey by Bank of America found that 70% said the best perk a credit card can offer is cash back<\/a>. However, among consumers with premium cards – defined as those with an annual fee of at least $250 – just 33% valued cash back most, while 52% had more appreciation for card points. Either way… these bonuses encourage many people to get very creative when considering ways to use their cards. For example …<\/p>\n

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Credit:<\/strong><\/span> By the way, the survey also found that 45% of credit cardholders reported having an annual fee of any size, which exceeded analysts\u2019 expectations<\/a> because the Consumer Protection Bureau has estimated in the past that fewer than 1 in 3 consumers had credit cards that charged an annual fee – and that consumers with excellent credit were being charged, on average, $129 per year annually for cards offering a bonus of some kind, whether it\u2019s cash back, hotel points \u2013 or airline miles…<\/p>\n