If Banks make money out of loans then they should reward those who borrow

[CODE200]

Don't banks already do that with the credit cards? Where the more you use the bank's credit card then the more they'll reward you with something like flyer miles? Don't a lot of banks with credit cards already do that, they even have perks where you can get some rewards when you shop on selected stores when you use credit cards. But I get your plight, the problem with rewarding the people that loans in a bank with something is a tricky situation because you can't be too crazy on gifts but at the same time the gifts should be appreciated and sometimes they don't have time for that so they just don't do it.

[Betwrong]

~

I just skipped after this and stopped BS, if your friend is in debt means he took a loan and spent it wrongly, and if banks are making money then its their business and if you don't want to take a loan then don't take a loan but blaming the system after taking a loan and can't able to pay back.

Well, bank actually give rewards to people who utilize their credit cards and pay back the due amount on time and your credit score gets better so in future you can get loans for less interest.

I wanted to say the same thing. In short, if you know a better economic model for banks than the existing one, open your own bank and start making money, mate, instead of complaining. It's better than to be just grumpy while doing nothing. Learn economy on high level(it's hard, I must warn you) and beat all the current economists, and not only me but everyone will wish you success in that.

[Dzwaafu11]

Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I told my friend tell bank that it's a scam and his victim of bank scheme so all his friends tell Same now to their Banks and flahing front of bankers binance atm debit card.
Now the Even bankers himself might Understood ship is sinking and fastest they get on crypto and btc the better changes to save themselfes becouse this system not working i told my friend before bank Takes his house burn it down or beat up so the bank Will get broken House.
That's how it is people now Understood If they been treated bad they fight back ....
It's unfair they made mortgage rates higher without notice first so we are victims and If anyone struggle financially they now Understood it's the system and we all victims ....Same goes with cars people now smashing it up cars before give to financial swimdlers

I don’t really read all your content, but with a little understanding, you are discussing banks. You are trying to suppose crypto. We understand that, but the same thing: you can't spend your money and still have it back. You are trying to suppose cryptocurrency and hide the truth. Even the crypto you think you have to go back to and stop using banks is still the same thing in crypto. If you spend your crypto, you will not get anything, and nobody will pay you out of what you spent. If you spend your fiat or crypto till you work for another one to get it back, why will the bank pay you when you have already spent what you have in them? I don’t think that makes any sense to me.

However, I think your friend should blame himself, not the bank, when he was spending his funds. Don’t he think the money will finish now that the money has finished, and you want to put the blame on the bank? That is not fair, man. I think you should understand that debiting is not crediting, so therefore your friend should go and work for another fund, and you guys should stop blaming your bank; it will help you guys. Don’t force your friend to engage in crypto. Remember that saving money in crypto is not the same as saving money in fiat. If you save money in crypto, the market is volatile, your Mooney may be decreasing, and you can’t control your money in crypto.

You changing to cryptocurrency completely is unbelievable, man. You want to tell us you are not using fiat banks anymore? I think your post is just for the sake of merit, not reality, using only crypto as a means for payments. I don’t think I’ll believe the reason is that I haven’t seen a country where they accept crypto as a means of payment, even though I don’t know yours.

[angrybirdy]

I personally have no active bank account right now as my old account was closed due to inactivity and no balance for like 3 months I guess. My debit card supposed to expire by 2027 but yeah it was already blocked and that is how it works, once they get nothing from you they'll do the right thing. But it's okay I have alternatives like e-wallets not owned by a bank and a crypto wallet that is decentralized and doesn't need a bank as well. Banks don't like poor people therefore poor people don't have access to banks.

Yup, that's a part of their rules about having an account with banks, They will automatically blocked your account especially if it is dormant or inactive. Same on your opinion, seems like they will easily kicked you out because they have nothing to gain from you and when it comes to reward, bank will give you a super little percentage of gain interest from the money that you've deposited to them which is totally not worth it.

[Jawhead999]

If the banks rewarding the borrowers instead of charge more money, the banks won't offer loan in the first place since they didn't make any money. Banks isn't charity, they're not your brother or parent who willing to give their money for free without hoping the money will back to them.

What about this, I take $5K no collateral loan from you, I will pay $5K, after that you give me additional $1K as a bonus.

[jrrsparkles]

~

I just skipped after this and stopped BS, if your friend is in debt means he took a loan and spent it wrongly, and if banks are making money then its their business and if you don't want to take a loan then don't take a loan but blaming the system after taking a loan and can't able to pay back.

Well, bank actually give rewards to people who utilize their credit cards and pay back the due amount on time and your credit score gets better so in future you can get loans for less interest.

I wanted to say the same thing. In short, if you know a better economic model for banks than the existing one, open your own bank and start making money, mate, instead of complaining. It's better than to be just grumpy while doing nothing. Learn economy on high level(it's hard, I must warn you) and beat all the current economists, and not only me but everyone will wish you success in that.

It is so easy to blame the system than making an effort to squeeze the better out of it that is why OP chose the easy way for not becoming financially successful. I am not a supporter of the banking system either because they are the one fooling the people in the first place but when we need loan there is nowhere to go other than banks which may be hard to accept but that is the fact and banks only help people who qualified in certain criteria not just every poor.

[Betwrong]

~

It is so easy to blame the system than making an effort to squeeze the better out of it that is why OP chose the easy way for not becoming financially successful. I am not a supporter of the banking system either because they are the one fooling the people in the first place but when we need loan there is nowhere to go other than banks which may be hard to accept but that is the fact and banks only help people who qualified in certain criteria not just every poor.

Exactly. I mean, if you are in your right mind. You can always borrow from some gangsters, but you know what is going to happen next, most likely. And you are right, banks don't help people who are just poor. Maybe it's "unfair", I don't know, but it is like it is. OP thinks the rewards to those who borrow from banks must be bigger, well, I used to think the ice cream must be cheaper when I was a kid.

[jrrsparkles]

You can always borrow from some gangsters, but you know what is going to happen next, most likely. And you are right, banks don't help people who are just poor. Maybe it's "unfair", I don't know, but it is like it is. OP thinks the rewards to those who borrow from banks must be bigger, well, I used to think the ice cream must be cheaper when I was a kid.

Technically, Loan sharks who will lend money to everyone because they know how to collect them back and they will no matter at what cost and imagine if the borrower has no money at all then the lender will make money by selling the organs too if necessary.

Banking is just a business so they are not running a chartity program I wouldn't call them unfair if people do not meet their criteria and if we need someone to blame then policymakers are the reason why poverty exists.

[Xxmodded]

Bank have smart business with getting profit trough loan but there not their money, I have think with this cases how Bank earn much peofitable every years regarding loan interest from borrower but Bank use theit theor costumer for borrowing money.
Actually must be fair with profitable sharing between Bank and costumer save their money in the Bank, likely one side not profitable yet for costumer save much money in the bank but every months have to pay with administration fee but Bank earn benefit with costumer saving money to make it loan.

[Casdinyard]

Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I told my friend tell bank that it's a scam and his victim of bank scheme so all his friends tell Same now to their Banks and flahing front of bankers binance atm debit card.
Now the Even bankers himself might Understood ship is sinking and fastest they get on crypto and btc the better changes to save themselfes becouse this system not working i told my friend before bank Takes his house burn it down or beat up so the bank Will get broken House.
That's how it is people now Understood If they been treated bad they fight back ....
It's unfair they made mortgage rates higher without notice first so we are victims and If anyone struggle financially they now Understood it's the system and we all victims ....Same goes with cars people now smashing it up cars before give to financial swimdlers

I don't think you're getting what Debt means and why banks don't reward people who take loans.

The thing is that they do, and that is the grant of your loan in the first place and the increase of your loan limit in the following instance you take up a loan again after you've paid your first. Banks are not government institutions but are private entities that have their own businesses to keep running. If they dilly-dally and just give everyone the money that they want and need, even after taking out a loan already just as what you're trying to say here, then they'd run out of business and the money that they provide to users will dilute the market causing a massive inflation. Banks are in this precarious position of being a private institution that needs to keep themselves in check, and a government backed entity that needs to ensure they are keeping the best interests of the public and the economy in mind as well.

They don't help the poor people because they knew from the get-go these people will have a harder time paying the debt off than if they don't have it. That's why they sometimes grant loans to businesses and micro-companies who have the vision and the capabilities. They wanna know and ensure that you're going to pay your debt off. That's basically it.

[Twentyonepaylots]

Don't banks already do that with the credit cards? Where the more you use the bank's credit card then the more they'll reward you with something like flyer miles?

I'd rather call it luring promo than a reward, I know there are banks who are rewarding their client with such privileges but most of the time they are offering it for you to get a credit card with them, from getting a credit card, you already owe them their services and product and so they are free to charge you almost anything they like, if they surcharge you after using it in grocery for $0.50 you'll probably won't see it.

Don't a lot of banks with credit cards already do that, they even have perks where you can get some rewards when you shop on selected stores when you use credit cards. But I get your plight, the problem with rewarding the people that loans in a bank with something is a tricky situation because you can't be too crazy on gifts but at the same time the gifts should be appreciated and sometimes they don't have time for that so they just don't do it.

Banks are really tricky, if you don't read any papers they will hand on you, you're trapped. Are you talking about those colorful umbrellas they are giving away? haha

[boty]

Bank have smart business with getting profit trough loan but there not their money, I have think with this cases how Bank earn much peofitable every years regarding loan interest from borrower but Bank use theit theor costumer for borrowing money.
Actually must be fair with profitable sharing between Bank and costumer save their money in the Bank, likely one side not profitable yet for costumer save much money in the bank but every months have to pay with administration fee but Bank earn benefit with costumer saving money to make it loan.

In this case, the bank will always benefit from those who save their money in the bank and they get very little benefit from saving their money in the bank.
The bank uses customers' money to provide loans to those who apply for loans and earn interest on the installments they pay and when customers who save money want to withdraw large amounts of their money, they must prepare data according to the bank's requirements and must complete it to can withdraw the money they save, so there is very little profit if we choose to save our money in the bank and only the bank makes more profits.

[slapper]

This has also been on my mind. Ironic that banks benefit from our loans yet give little in return? I often wonder: What if banks rewarded borrowers? This proposal could make our financial system fairer. Despite our disillusionment with banks, crypto adoption is rising, offering optimism. I believe cryptocurrencies can democratize finance. Bitcoin represents financial freedom. It empowers, right? We're now architects of a new system, not passive players in a defective one

It goes beyond escaping regular banking. This is about accepting a more controllable system. Bitcoin gives me agency that banks never did. Isn't it refreshing? As we explore cryptocurrencies, we realize we're pioneers in a financial revolution, not victims. This significant change inspires me. Take control and change our financial future. Supporting Bitcoin feels like the right move toward a fairer financial environment

[Betwrong]

You can always borrow from some gangsters, but you know what is going to happen next, most likely. And you are right, banks don't help people who are just poor. Maybe it's "unfair", I don't know, but it is like it is. OP thinks the rewards to those who borrow from banks must be bigger, well, I used to think the ice cream must be cheaper when I was a kid.

Technically, Loan sharks who will lend money to everyone because they know how to collect them back and they will no matter at what cost and imagine if the borrower has no money at all then the lender will make money by selling the organs too if necessary.

Banking is just a business so they are not running a chartity program I wouldn't call them unfair if people do not meet their criteria and if we need someone to blame then policymakers are the reason why poverty exists.

I don't know who is to blame for the fact that poverty exists. It could be policymakers, as you said, or it could be those planning the education, or both. But for us regular people it's more important what we can do in the current situation to not end up in poverty. Blaming others is hardly a solution. Rather, we should try to find a way of making money for living right now. not when the world "will be changed for better".

[kaka_Shipai]

This idea is successfully implemented on social media like twitter, youtube etc, But the governments are reluctant to apply the same. They want to treat us like money making machine for them and they have been doing so for so long. And no matter what the public thinks, they are not going to change their rules

[iamsange]

You've got a point about credit card rewards – they do sweeten the deal a bit! It's true, the whole idea of rewarding borrowers is a bit of a tricky balance.

Why is it so complicated? Meanwhile, the borrowers have provided everything necessary to those who want to provide loans through correct procedures and not out of compulsion. Borrowers who are willing to pay on time need to be rewarded very well because they do not break any rules, but borrowers who always look for excuses to pay late clearly do not need to be rewarded because they may have bad intentions after successfully borrowing from any party.

[harapan]

Logically, they should reward their loyal borrowers, but if they start to reward borrowers, the throve of borrowers will increase, thus, making these banks loose more than they make to people who can't payback the loans.

One way I know they reward borrowers is to give free coupons and reduced interest rates for early repayment. It only gets better with more borrowing and repayment as one's limit increases and options for longer repayment periods become available.

The only way bank can reward those who borrow is by reducing the interest rate for their customers just like my mate here has said it,I totally agree to that.
 But why would banks even think of rewarding their customers that borrow from them?I usually tell myself that bankers are thieves.I really believe they are thieves because they take advantage of the same poor people that patronize them.They loan money to poor people,and expect them to pay back with huge interest rate meanwhile they take or borrow our money that we deposit into our back accounts and loan to people without any interest given to us isn't that cheating,well they will say it's not part of the banking ethics and professionalism.Its so complicated and unethical and there ain't any reward coming from banks.

[romero121]

You've got a point about credit card rewards – they do sweeten the deal a bit! It's true, the whole idea of rewarding borrowers is a bit of a tricky balance.

Why is it so complicated? Meanwhile, the borrowers have provided everything necessary to those who want to provide loans through correct procedures and not out of compulsion. Borrowers who are willing to pay on time need to be rewarded very well because they do not break any rules, but borrowers who always look for excuses to pay late clearly do not need to be rewarded because they may have bad intentions after successfully borrowing from any party.

The person who settled the borrowed money on time was rewarded. What used to be the reward were some loyalty points that could be used for shopping. Apart from that, there are some discounts when using the card at specific stores. The same is true when paid late, What used to be the penalty? The borrower needs to return it along with the interest. There are few banks that provide interest-free loans and don't levy interest on savings maintained at their banks. This bank can be seen much in Islamic countries, as they believe that giving money and getting it paid along with interest is against the Quran.

[cakravothy]

the majority of those who provide income from the bank are entrepreneurs who borrow money to develop their business. and the loan is a large nominal, the second is that the property world also absorbs many customers and the nominal is large. while those for consumptive usually mostly become bad credit this mean incraese NPL nonperformingloan

[btc78]

While I do agree that the banking system is quite unfair and incorrectly implemented, we can not just deny how some people were also helped by banks

The direct act of borrowing is the reward in itself you can never take out a loan from somewhere else if your bank did not deem you as a qualified person for loans of course their interest rates are so high well that is their profit

Anyway these days e-wallets are now much preferred because unlike in banks you have full control of the money you have put in