Friday, November 13, 2009

Credit card fees

I would have liked to buy a car with my credit card. After all, with the credit line I have it was more than just a possibility. But the dealer would never go for that of course, because of the credit card fees. Is a transaction of $20 more complicated to process than a $20,000 transaction?

We're also starting to see petrol pumps with different prices for cash and credit again. Perhaps it's the sign of the recession. Just last week when we went to Tysons Buffet they were no longer accepting credit cards either and these are not at all large transactions.

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