Quote:
Originally Posted by Moto-Mojo
Our business implemented that policy last year. I sell driveline rebuilding and balancing equipment for upwards of $100,000. Occasionally, someone would put that on a credit card. We don't see that much now.  But honestly, it was crazy for us to pony up the $3000. Especially since I'm on straight commission!! |
With those kind of numbers, yea, I wouldn’t take the card w/o the charge, as well.
But, we’re talking everyday purchases, which tells me the cc companies aren’t going to be making the money they want either. Snowball effect. Less people using their cards, they raise the rate even higher (3% to ?%] and so on and so on. The current economy…just pay more.