Oct 07, 2009
I used to think that the credit price should be the same as the cash price.
Now I support dual prices if calculated fairly.
Credit card companies are really evil. They tell business, including mom and pop business, "if you take credit cards, you must take all credit cards, even the rewards cards....and you have to pay the entire reward and some extra fees above that". This is extortion.
So if someone demands the same credit card price, they are collaborating with extortionists.
Still, I do like the bonuses that I get on credit cards!
I wonder why President Obama doesn't demand a public option for credit card companies to keep them honest. Just take over Discover Card or Diner's Club and make it the public option.