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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 18,988
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The county where I live nipped that right in the bud. I can't understand why, no skin off their ass.
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome" |
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Model Citizen
Join Date: May 2007
Location: The Voodoo Lounge
Posts: 18,988
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It comes from people that pay the minimum balance/maximum interest each month.
We were lured over to their cards with incentives that some people just can't take advantage of, because of -reasons- and we get to reap those benefits, surely to the chagrin of the powers-that-be. My dad once told me that credit card companies call the people who pay off their card each month 'deadbeats'.
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"I would be a tone-deaf heathen if I didn't call the engine astounding. If it had been invented solely to make noise, there would be shrines to it in Rome" |
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?
Join Date: Apr 2002
Posts: 30,533
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I used to worked for 2 of the largest banks in the US (in IT, not as a banker ![]() And that's before the profits they rack up on folks who carry a balance @ 18-20% interest. NOTHING is free! |
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Get off my lawn!
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I love using pay at the pump for gasoline. I never have to set foot inside the store.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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Keep talking, Im gonna put you in the trunk. |
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But the truth is that everything (except rare 'cash price' stuff like fuel) has had its price jacked up so the banks can skim their cut. Here I was so happy that I'm getting cash back, but everyone (except the banks) would be happier with that skim gone from every price. Everyone gets 'cash back' all the time. I suppose they'll claim the fees are needed to support this amazing system but lets see their accounting and what the costs really are. |
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Misunderstood User
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I have experienced a 3.5% fee using a credit card at restaurants in the Chicago area. Kinda irritates me because no one wanted cash at stores during the pandemic. I don't carry allot of cash and never carry pocket change.
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Jim 1983 944n/a 2003 Mercedes CLK 500 - totaled. Sanwiched on the Kennedy Expressway |
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Get off my lawn!
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I shop at a local little grocery store several time per week. With my debit or credit card, wave it at the card reader, and bam, it is paid for, and I can grab my stuff and go. Often I seem to have my typical luck of some "little old lady" wait until the total is rung up to dig into the bottom of her purse to get out her wallet, pull out cash and have to wait as the change is counted out, or even worse, as she digs in her coin purse to get the exact change, and then put everything back in her purse, and grab her stuff and go.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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Join Date: Apr 2002
Posts: 30,533
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I use my debit card all the time .... love the convenience, and it doesn't cost the merchant squat compared to a CC. And no .... I don't worry about it either....
The banks will NOT kill their Golden Gooses .... err .... Geeses ![]() |
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