Accepting credit cards

[Porritt, David]

John:

 

I use a credit card for about everything I do.  I pay it off twice a
month by direct transfer from my bank to Citi.  I never have a service
charge or an interest charge.  I do pay the same as everyone else who
pays cash, but at the end of the year I get a bonus back (as of my
November statement that amounted to $277.xx).  It's simply handier than
making sure I have enough cash in my pocket for anything that might come
up.

 

At my job, I have a school credit card and any parts, supplies, etc.
that I need they want me to use the credit card.  The only other
alternative is to request a purchase order, the PO is sent to the
supplier, I get my parts 5 weeks later, etc.  

 

I have to agree with you that the debt thing is a true negative for us
personally and for the economy.  However, credit cards used just as a
easy way to move money around electronically are extremely convenient.
If the banks are willing to let me use that service without charge - and
in addition pay me back a bonus, I'm certainly willing to do it.  

 

The other side of the electronic-funds-transfer story!

 

dave

 

____________________

David M. Porritt, RPT

dporritt at smu.edu

 

Begin rant:

 

(And if all debt were repaid, there would be no money in circulation --
it would all be in the banks!  It's our glorious debt-based money
system..hard at work to screw you.  I mean, serve you.  Ick!)

 

I don't even have a credit card - just a couple of debit cards.

 

Living within one's means is the best way to go.  Once we realize that
the latest toy is just the latest toy, and won't truly satisfy us, we'll
start looking for the things that really do satisfy.

 

The borrower is slave to the lender.  And, when the banks cause the next
depression, the master will come to collect from the slave.  Then the
slave has to give up his borrowed "property" that he has been  merely
renting from the master. 

 

End of rant.

-- 
JF

www.formsma.blogspot.com 

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