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I very much highly doubt they would ever get their own credit card or work with one of the ones out there already.
Don't know unless you suggest it. Not uncommon at all for companies to have their own cards now adays. And usually they are working with another company such as AMEX or Chase.
I mean spending $200 on valve a month at 5% is $10 back and you can bet the majority of users would not be spending $200 on valve every month.
The average person would be far more likely to spend $1000 in a month or more overall, and at 1% cash back gets the same and would be spending that consistently.
Wait for a sale for what ever you want, you will save more then 5%. Also someone has to pay for that 5%, its usually you who pay for it, with higher interest rates.
Also Valve is not really all that big of a company to have their own credit card with or without a credit card company. They also don't generally offer 5% back from just 1 single store, they do % back from where ever you buy.
Basically you want Valve to do what they did with Steam Machines.... just slap their name on something. And we seen just how well Steam machines did...
If you want 5% back, go get a credit card that does that, Valve is never going to do that. If you can't get one, then that should already tell you that you won't get a Valve one either because it would be run with the same rules as other credit cards.
Well yeah, overwhelming majority of cards are 1-2% cash back, can't think of any unlimited 5% cards without severe restrictions and/or limits.
They will not do it as there are far too many legalities involved that vary by country for credit cards.
2. A sale is a sale. Nobody said that just because someone has a Valve credit card, that they will only buy games off sale...
3. there are many credit cards that offer 5% cash back. Target and Amazon/Whole Foods are two major ones.
4. Valve does not need to be a bank lmao. They would be working with a major credit card company. Just like PLENTY of companies do to offer their credit cards.
5. This is such a simple concept, it has nothing to do with Steam Machines, or Valve slapping their name on things. You apply for the credit card, if you don't want one you don't apply for one. It's not a $500 machine.
6. Valve's entire business is basically marketplace transactions. A credit card that offered something like 5% cash back, or even 3% cash back + Steam Points, or store credits. Or custom profile icons/backgrounds would encourage users to spend more at their store.
7. With them offering the Steam deck, and Index for hundreds to thousand dollars, it would benefit them to offer it to encourage people to buy their products.
8. You completely underestimate how much people spend on games, as well as stuff such as skins and community items.
9. Nobody said the credit card had to be able to be used at other places. If you want a normal day credit card, then go apply for another one. This would be specifically for Steam..
Ahh wouldn't know what the average cash back is, I pretty much don't use credit cards. Never liked them ever since I seen people I knew live beyond their means & then struggle when the credit card bills came in.
Even then I highly doubt Valve would ever do 5% back just on Steam. That would just be asking for problems. Also if someone is buying enough stuff on Steam that they need a credit card, they are going to end up paying FAR more in interest rates then they would save with that 5%.
Again just wait for a decent sale for what ever it is you want to buy. Better then 5% back.
Also customers debt is the customer's problem. You don't get debt, and you don't pay interest rates if you pay it off at the end of each month. That is the customers problem, not Valve's.
Learn to be smart with your money, and spend only what you can pay off. If you can't pay it off don't buy it. If someone puts themselves in debt due to overspending, that is there problem, and they should have learned to handle their money better.
Yeah my main card is a 2% cash back on everything, with a 5% cash back on rotating selections every quarter that you have no control over. There are better cards with more cash back but you have to pay an annual fee, so unless your like a business spending a lot of money every month its not worth it.
There are plenty of major benefits to using a credit card. It's incredibly stupid to use a debit card.
Suggest you read. Never said using a credit card isn't worth it and even said I currently use a 2% cash back card. I put almost everything on the card and pay it off in full each month so I get rewards.
I said using most of the 5% cash back cards aren't worth it because they come with heavy restrictions. They aren't as unlimited as the more general cards.
Steam card makes very little sense, the overwhelming majority of people do not buy enough to justify it from Steam. Now an amazon/target card makes far more sense as the average person spends FAAAR more there then they do on Steam.
Hence why there isn't much of a reason for Steam to create one. Not to mention credit cards make their money from interest rates and people not paying their bills, not something that is good to encourage.
I saw that you had a credit card, which is why your statement made even less sense.
Also how do you know people's Steam spending habits? People spend hundreds on skins alone, never-mind games. On top of it, as I've already addressed, with Valve introducing items like the Steam Deck, and Index, it'd only benefit them.
https://mobilemarketingreads.com/steam-revenue-and-user-statistics/
Steam has 32.2million concurrent users as of Janurary.
Steam generated 3.1 billion in the first half of 2022.
These are not unsubstantial numbers by any means. While they are not insanely high either, especially in comparison with a lot of major businesses.. they are by no means a "insignificant" company.
Steam dominates the computer gaming industry, meaning people are spending money here anyways.. and with their introduction of the Steam Deck, and Virtual Reality devices, again these are purchases that are a decent sum of money for the average user. A credit card not only would incentivise them to purchase the product, but also allow them to do something such as split the payment between two paychecks (even if they have the money liquid, they may want to do it separately for management purposes), earn rewards, build credit, maybe get some kind of purchase protection, etc.
Again, if people aren't paying their bills, that is their problem. Credit score exists, and furthermore if they aren't paying their bills without a Steam credit card, them having one won't change that. Stupid people deal with their stupid problems.