Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Making a living (and paying loans)


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Posted by C(G) on September 22, 2003 at 15:59:11:

In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Making a living (and paying loans) posted by js on September 22, 2003 at 15:14:56:

Credit cards are that way too. A great convenience for those who treat them like cash and who never carry a balance from month-to-month (Credit card banks call those people "deadbeats"). Indentured servitude for those who use them to spend money they don't have.

Few people realize that the merchant pays a transaction fee (around 2-3% of the sale) for a credit card purchase. It's a shame that most merchants are prohibited from offering cash discounts by their banks.



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