I see the future of payments something akin to Pay With Google, or some better developed form of Apple Pay. Why must we cling to spare change of all things, especially at a deficit? Take into account the returns on some premium cards and using cash costs the wise consumer cash back and points.
WSJ article once again brings up the penny debate-
Each 1-cent piece cost the U.S. Mint 1.5 cents to produce in 2016
Monkeys, any of you still use cash or change for that matter?
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I pay for everything on cash back credit cards except for things where they charge a fee for doing so (my rent / venmo payments). The privilege of being banked should be maximized by anyone who can.
If someone gave you a coupon for what you were going to buy before every purchase you were about to make would you take them? Credit card companies do this in the form of 1-5% cash back on purchases if you are smart enough to take advantage of the rewards while simultaneously avoiding putting yourself in debt.
EDIT: When people pay me cash for things its usually a pain in the ass because its almost impossible to deposit it into my online bank. Which I also love because it means never an ATM fee, better interest rates, etc.
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