On 1/6/2016 3:59 AM, sf wrote:
> On Tue, 5 Jan 2016 21:51:47 -0500, Ed Pawlowski > wrote:
>
>> Stores do that but the CC companies allow it. My bank was offering a
>> bonus if you made some amount of purchases less than $10 in a statement
>> cycle. They want to get you in the habit of using your card for small
>> purchases so you can enrich them. Watch the drive up window at your
>> local coffee shop and see how many pay with plastic for a couple of
>> bucks. Banks love it, a few pennies at a time.
>
> So what? Pay it off at the end of the month.
>

I use banks for major purchases like a mortgage or car loan. I pay them
for the service in the form of interest. I have no problem with that,
they perform a service and deserve fair payment.

I prefer to NOT give them 20 cents because I'm buying a coffee. If you
want to, that is your choice. It is not a matter of paying them at the
end of the month, that $2 coffee could be $1.75 if it was cash only.
Banks get the fee when you use the card even if you pay the bill in full
at the end of the month.