Quote:
Originally Posted by jimhoward
So many businesses now charge a 2 or 3% premium to use a credit card.
I used to charge everything on credit cards. I had an automatic record of my expenses which credit card companies organized for me, and I got various rewards like airlines miles and cash back. And the prices were the same. Pay everything off every month and there were no interest charges. The world was good from where I stood.
Now that merchants charge for credit cards, I pay more by cash or check or ACH. I don't like it, but it is what it is. I thought checks were going the way of the dodo bird, but not anymore.
|
When I had an HOA that wanted to charge me a $3.50/month "Convenience Fee" for processing online payments, I said, "F- Them!" They wanted to charge me for instant and digital payments?
Instead of getting my money right away, I write them a paper check. They wait for it to arrive in the mail, they wait for it to be internally processed, they wait for an employee to deposit it, they wait for their bank to process it, and they wait for my bank to clear it.
I will NOT do autopay. Mrs. EDJ, when we were dating, once belonged to a women's only gym. She had moved 2 or 3 times in the meantime. This was during and just out of college. We could not contact them to cancel the auto payment and quit the gym. Turns out, they had been closed for two years. Yet the auto-deductions kept on happening. The only solution was to close out that entire account, and set up a new one. A huge hassle. Nope, No way to Auto Pay.