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Reply to "Credit Card Fees Now Everywhere!"
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[quote=Anonymous][quote=Anonymous]I feel increasingly annoyed at the 3% credit card fees being levied by retailers, the doctor's office, contractors doing work in my home, etc. Everyone looking for more money! Is this because of tariffs? To avoid increasing costs on the goods themselves? If I pay cash, it just mitigates the advantages of having the credit cards in the first place with the points and all. I will just get rid of my credit cards. Just very annoying. Is anyone else seeing a dramatic increase on these? Are you using your debit cards more instead? [/quote] It's not clear - are you aware that these fees have always existed? Like even prior to 2000! My dad was a small businessman. In the 1970s and 80s, people would pay with checks and they might bounce... and he'd either be out the money or have to invest the time & effort to hound the customer to "pay up." (And it was a struggle on him to deal with those deadbeats.) So when credit cards became more widely used in the 90s, he was happy to pay the 3% fee because it was sanity to him. I was just in Southern California and nearly every transaction had a 3-4% surcharge on it, even if I paid in cash. The line on the receipts usually referred to the "rising cost of business." PS, I try to pay in cash when I shop at small businesses. It is kind of a pain, but I don't mind because I know how much penny counted when my dad was in his first 10 years. I also don't get bummed out by "missed points." I have never even considered that aspect. [/quote]
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