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On suggestion. Give those thieves the finger and pay cash...
Saturday, October 4, 2008
Credit card rewards are a real rip off...
Well what you know... Even those rewards are a rip-off. Note that you do not get rewards on your balance but only new charges. With everybody maxed out there is no room for new charges and therefore no rewards, yet they do charge you more in annual fees since you get "rewards"...
Now here is the funny part. The rewards that they give you are conveniently charged to the merchants who have to pay a different "discount" rate for "reward" cards. As a result more are raising prices to account for higher credit card fees. So that reward you get is really paid by you... That much about getting that free mile that you cannot use or the free toaster for which you do have to pay shipping...
Now here is the funny part. The rewards that they give you are conveniently charged to the merchants who have to pay a different "discount" rate for "reward" cards. As a result more are raising prices to account for higher credit card fees. So that reward you get is really paid by you... That much about getting that free mile that you cannot use or the free toaster for which you do have to pay shipping...
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