Calif Bill wrote:
wrote in message
news
On Fri, 20 Feb 2009 19:55:10 GMT, (Richard
Casady) wrote:

Even the phone bill is billed to the CC as well as paying for
2 university educations and weddings. But I do not run a balance and use
the miles accumulated to travel.
Strange concept that. Looks like banks subsidising airlines.
It is bundled in the price of any product you get from any company
that accepts cards and does not directly pass that cost on to the
customer. It is typically between 2 and 5%.

Does not cost me anymore than writing a check to them.




But part of the price that you pay, even with a check, is the cost of
credit.

"HK" wrote in message
...
Calif Bill wrote:
wrote in message
news
On Fri, 20 Feb 2009 19:55:10 GMT, (Richard
Casady) wrote:

Even the phone bill is billed to the CC as well as paying for
2 university educations and weddings. But I do not run a balance and
use
the miles accumulated to travel.
Strange concept that. Looks like banks subsidising airlines.
It is bundled in the price of any product you get from any company
that accepts cards and does not directly pass that cost on to the
customer. It is typically between 2 and 5%.

Does not cost me anymore than writing a check to them.


But part of the price that you pay, even with a check, is the cost of
credit.

The price is the same whether I use a CC card, Debit Card, write a check or
pay cash. So I might as well get all the benefits you pay for by carrying a
CC balance.

Calif Bill wrote:
"HK" wrote in message
...
Calif Bill wrote:
wrote in message
news On Fri, 20 Feb 2009 19:55:10 GMT, (Richard
Casady) wrote:

Even the phone bill is billed to the CC as well as paying for
2 university educations and weddings. But I do not run a balance and
use
the miles accumulated to travel.
Strange concept that. Looks like banks subsidising airlines.
It is bundled in the price of any product you get from any company
that accepts cards and does not directly pass that cost on to the
customer. It is typically between 2 and 5%.
Does not cost me anymore than writing a check to them.

But part of the price that you pay, even with a check, is the cost of
credit.

The price is the same whether I use a CC card, Debit Card, write a check or
pay cash. So I might as well get all the benefits you pay for by carrying a
CC balance.




Sure...why not.

wrote in message
...
On Fri, 20 Feb 2009 14:37:27 -0800, "Calif Bill"
wrote:

It is bundled in the price of any product you get from any company
that accepts cards and does not directly pass that cost on to the
customer. It is typically between 2 and 5%.

Does not cost me anymore than writing a check to them.

It is bundled in the price. They pay 2% and that money comes from
somewhere. Checks are deposited the same as cash. That is why "club"
stores like Sams don't take Visa/Amex or MC.
BTW yesterday I had an interesting experience. Ruck Brothers (rock
merchant) processes your check right there and you get it back voided.
They directly EFT the money. They also scan the stripe on your
driver's license for ID.

Sam's here takes Master Card now

wrote in message
...
On Fri, 20 Feb 2009 14:37:27 -0800, "Calif Bill"
wrote:

It is bundled in the price of any product you get from any company
that accepts cards and does not directly pass that cost on to the
customer. It is typically between 2 and 5%.

Does not cost me anymore than writing a check to them.

It is bundled in the price. They pay 2% and that money comes from
somewhere. Checks are deposited the same as cash. That is why "club"
stores like Sams don't take Visa/Amex or MC.
BTW yesterday I had an interesting experience. Ruck Brothers (rock
merchant) processes your check right there and you get it back voided.
They directly EFT the money. They also scan the stripe on your
driver's license for ID.

But I pay the same cash or CC and if I use my Amex at Costco I get a 1%
rebate. 5% on gas.