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Originally Posted by charlieo1126@gmail.com
well I must be missing something living in the city of Boston , I don’t know about the suburbs but I haven’t come across a surcharge at all , also why use a debit card when you can get cash back , I’m going to finish up the year with having received about $2,500 back
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Your Credit Card companies must love you, spending over $200,000/year on their cards. Great customer for them!
I don't know where you're eating in Boston, but most every restaurant is adding a "convenience fee" and the Division of Banks has said it's ok and not a violation.
As for why use a Debit Card? A Debit Card is CASH. You've heard about the "cashless society" that's been predicted for 25 years? It's here now. Might as well participate, because you're paying for it. Taking actually folding money, costs money. People to handle it, people to transport it, companies to insure it, banks to manage it. The true cost of accepting "cash" isn't much different than the processing costs of taking credit cards.
In the big scheme of things, it costs us all more, as it's easy to hide cash from the tax implications. 99% of the time, if you walk into a business that says "Cash Only", it's because they're stealing from you and I, by not paying their fair share of taxes. Personally, I won't do business with anyone that takes "cash only" ... they're invariably, crooks.
BTW, who do you think is paying for your Reward Points"? The cost of accepting "Reward Cards" is typically 1%-1.5% higher for a merchant. Robbing Peter, to pay Paul.