Early Retirement & Financial Independence Community - View Single Post

dex · 11-04-2007, 04:56 PM

I choose the cash back option on all my credit cards. I would estimate I get back about $250/year. It isn't a lot of money but better than nothing.

I wonder how much I would save it customers had the option of paying with cash and getting a cash discount. I know a gun store that charges 3% more for credit card purchases or gives a 3% cash discount; if you prefer.

So, if I put $10K on my credit cards I'm paying an extra $300/year for the priveliage of using them - pretty expensive for the convience.

11-04-2007, 04:56 PM	#11
dex Thinks s/he gets paid by the post Join Date: Oct 2003 Posts: 3,847	I choose the cash back option on all my credit cards. I would estimate I get back about $250/year. It isn't a lot of money but better than nothing. I wonder how much I would save it customers had the option of paying with cash and getting a cash discount. I know a gun store that charges 3% more for credit card purchases or gives a 3% cash discount; if you prefer. So, if I put $10K on my credit cards I'm paying an extra $300/year for the priveliage of using them - pretty expensive for the convience. __________________ Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral