Happy New Year
On 1/7/2016 11:22 AM, John Kuthe wrote:
> On Thursday, January 7, 2016 at 10:12:13 AM UTC-6, Janet wrote:
> ...
>> I pay exactly the same price as cash. I pay no charges whatever for
>> the use of my DD or credit cards. This is not the USA.
>>
>> Janet UK
>
> I DO live in the U.S. and I pay no charges on my CC because I pay off the balanace every month! I'm what creditors call a "deadbeat"!
>
>
>
> John Kuthe...
>
The merchant had to raise prices to cover the cost of the fee he pays
when you use your card. In the end, banks are making money from us. It
is really easy because people don't think they are paying. Slick, eh?
Paying off your card means you pay less than people that carry a balance
but they still get some of your money.
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