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Vic Smith Vic Smith is offline
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First recorded activity by BoatBanter: Oct 2006
Posts: 4,312
Default Responsible credit-card users to "subsidize" deadbeats

On Tue, 19 May 2009 17:15:23 -0700, "Calif Bill"
wrote:




The credit card companies made out like a bandit on my card. Yes, I do not
carry a balance and pay off every month, but they collected 2-3.4% of every
transaction. Pretty high interest rate right there!

I heard some talk today about part of "credit card reform" being a
discount of the 2-4% when you pay cash.
Don't know how that would work.
There are costs involved in cash handling too.
And more stick ups.

--Vic