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Default Responsible credit-card users to "subsidize" deadbeats


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...
On Tue, 19 May 2009 20:24:34 -0500, Vic Smith
wrote:

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


I suspect the banks and merchants would really prefer debit cards.
Once we get our "chip" the whole concept of currency and plastic might
be obsolete.


I want mine in my gluteus maximus. I'll get some sexy tattoo on it, so the
clerk will know where to shine the scanner. Then I'll think of some line
like, "Wanna see my tattoo?"

Steve


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