On Wed, 6 Jan 2016 16:46:15 -0500, Ed Pawlowski > wrote:

> 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.

You're not going to get a discount for paying cash. The only thing
you can do is adjust your halo and pat yourself on the back that your
small businessman local merchant won't be paying the bank for your
minimal transaction. In the mean time, I have 30 days of free credit.

--

sf