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Re: Credit Card conundrum.
Old 08-25-2006, 10:18 AM   #21
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Re: Credit Card conundrum.

Originally Posted by FinanceDude
Because MickeyD's and them survive on VOLUME.* Think about many millions of people DIDN'T GO to Burger King over the past 20 years IF THEY didn't have cash??

Enough that they are willing to pay the transaction cost.........

BTW, the soda part of a medium soda COSTS LESS than the CUP it is put in.....................
Read into this... more people will buy more food if you let them use CC... and you still will have most use cash... and if you do not let them use CCs and the drive in next door does... who gets the business??

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Re: Credit Card conundrum.
Old 08-25-2006, 06:33 PM   #22
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Re: Credit Card conundrum.

Originally Posted by mickeyd

Credit Cards are now a cost of doing business. This is all factored into the cost that all customers pay for a product. In your example, the cost without a CC would be $99 or so. Those that choose to pay with cash pay $100 for $99 worth of product/service. Those that pay via a CC pay $100 for $100 of product/service. Thus, pay with a CC to get the most bang for your buck since they can not usually give you a discount if you pay desire to pay cash.
Yup...I think that's exactly right so paying by CC is better provided you have the discipline. I fill up my gas tank for 50 bucks and I get $2.5 cashback at the end of the month and I have the cash for that particular purchase sitting in a MM account @6% for upto 60 days until the bill comes due so it's important to pay close attention to the grace periods and billing cycles and such....and theres no blackout dates for cashback.

...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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