[biker1]

Regarding gas, we pay with $50 Marathon Gas cards bought at Publix at a 20% discount and we get the cash price at the pump. The cards are bought with a credit card so we still get points.

Originally Posted by CoachKandSportsguy

you all realize that charging all purchases on a credit card increases prices on items, because the merchant pays the credit card company a fee as a percentage of the sale, average about 4%. And because a merchant can't reliably predict, except by the logic that the trend is your friend, how many customers will pay by credit card, they have raised their prices about 3-4% to pay the credit card company 4% of the sale. They do this to keep their required minimum margin to remain profitable. And that cash back? You got that because you forced the retailer to raise prices so credit cards are splitting the increase with you. So if everyone actually paid cash, prices would be lower. And if you get 2% back, that means net you forced a raise of 2 %. . . credit card companies are just economic rent seekers for convenience. . . nice job raising prices 4% for everyone. . .

You ever thought about why gas prices are lower cash vs credit? Take the credit cash difference and divide by the cash price, and you get the markup. So you pay extra 2% plus with kickback for gas because you don't want to walk in to pay cash? Is that right? And you don't own Visa company stock? which is making money off of you and the retailers, and you could be part of the scheme to extort the retailer and share in the extortion gains? if not, you all aren't as smart investors as you think you might be.

sportsguy