Credit Cards

[cyrus buelton]

oh no, not this route again...........


That fridge is so disgusting.

sometimes I think some secret scientist is conducting a food study

[Statler]

so....about those credit cards......

[cyrus buelton]

so....about those credit cards......

mine just got paid in full 

[derby]

mine just got paid in full 

mine did, too.. hehehe.

my only debt at the moment is my truck, and i just refi'd it at a 2% lower rate.

[cokey]

i 

mine did, too.. hehehe.

my only debt at the moment is my truck, and i just refi'd it at a 2% lower rate.

how does one go about this again?  never tried it so no idea how it works..

[B.Rock]

They also make money through transaction fees hence why they offer incentives to users to keep using them.  Merchants don't eat that charge; users do.  You also have to figure that on average a person spends a hell of a lot more using a card than if they used cash.  Personally looking back on my finances and comparing just food expenses from when I did have a card versus now I'm spending $800-$900 less.  No reward points or cash back gimmicks required.

This.
I dislike credit cards mainly because basically what they're doing is skimming off the top and causing prices to be raised. Merchant fees are no joke, and AmEx and Discover are terrible.

[NAKID]

Prices used to reflect cash vs. credit, especially gas stations. Now, it's all the same price. I have to think they raise the prices to compensate for their cc acceptance fee and just charge that price for everyone.

[ducatiz]

Prices used to reflect cash vs. credit, especially gas stations. Now, it's all the same price. I have to think they raise the prices to compensate for their cc acceptance fee and just charge that price for everyone.

The reason that is no longer done is that it is against the merchant rules to charge two different prices for cash vs credit.  Moreover, in NY, a bunch of vendors were found to be keeping the cash off-register to avoid taxation.

Generally, the amount of credit customers versus cash is something like 5 to 1 or higher at gas stations.  People buy more and more often with credit.

[cokey]

i've seen gas stations charge 2 diff prices for cash vs debit/credit..

[somegirl]

i've seen gas stations charge 2 diff prices for cash vs debit/credit..

I see it all the time.

I think they justify it as a "discount" for cash rather than an extra charge for credit.