Are credit cards class conscious?

by Michael Posted 2011/04/07 14:43:57

Related Topics: Credit, Credit Card, Work, Credit Cards

3 votes
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	Yes, it costs more to buy things without a credit card discount advantage
	No, using cash sometimes gives you a discount too.
	Credit card companies make a profit when people carry a balance, so it works out.
	Undecided (Please leave a comment)
	None of the above (Please leave a comment)

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	Yes, it costs more to buy things without a credit card discount advantage	0 votes	0%
	No, using cash sometimes gives you a discount too.	0 votes	0%
	Credit card companies make a profit when people carry a balance, so it works out.	1 vote	33%
	Undecided	0 votes	0%
	None of the above	2 votes	67%

Credit card holders have an advantage when buying, amounting to 1%, 5% and sometimes to discounts of 20% and more. Is this discrimination to the poor who can't qualify for a credit card?

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JGF 2011/04/07 18:54:52

None of the above

It's just like banks, the more money you have the less you must pay. If gas stations were owned by banks, people driving ten year old econoboxes would pay $20/gallon for gas while people in Mercedes could fill up at no charge.

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