jdmartin wrote:vision-master wrote:1st off. The station dosen't charge you 4% for using a card, the credit card company does. 2cd. Credit cards are evil. Period! Cut em up. NOW. If'n you don't have the cash, DON'T BUY! You are rasing prices for the cash & carry folk. We hate your kind!
1st off, Kiss my ass. I am going to ride the wave as long as possible. Pay at the pump allows me to sidestep all the lottery hopefuls and avoid the mind-numbing crap in the "convenience marts" to get the only thing I came for - gasoline. 2nd, I have the cash because I pay my bill in full each month. I use a card because the card gives me a 5% rebate on all that gas every month. Since I would have paid cash for it anyway, and not received anything back, I would have to be a fool to turn away 5% back of what I've used. 3rd off, the station I'm talking about DOES charge 4% - they have signs all over their pumps that they are going to add 4% to your bill. What they do with that 4% is their business, whether they're using it to help offset their CC fee cost (which should be less than 4% - I have our contract at work and it is less than 4%), or just using it to discourage card use. This fee is against their contracts with the card companies. If they don't like the fee, what they should do is simply do away with accepting cards.
Don't forget to use that "card" for Strarbucks coffee too!
Ed Yingling, incoming president of the American Bankers Association, tells FRONTLINE that revolvers are "the sweet spot" of the banking industry. This "sweet spot" continues to grow as the average credit card debt among American households has more than doubled over the past decade. Today, the average family owes roughly $8,000 on their credit cards. This debt has helped generate record profits for the credit card industry -- last year, more than $30 billion before taxes.