Tuesday, December 22, 2009

The Brinch Who Swiped Christmas



This video is just speaking on how credit card companies charge the businesses that use credit cards(nearly all business as you can guess).

Then if you miss paying the full payment on your monthly statement they get interest off of your back.

Regardless though even if everyone paid all their credit card debt off on time each month, the companies still make a ton from the business that use Credit card machines and they charge PER SWIPE even swipes that say DENIED.

Also if you pay cash, you can get mad at those of us who pay by credit card because as the video correctly notes, prices inflate to include the charge of the credit card even if you aren't using it.

We should make a FIXED rate for how much credit card companies should charge, and it should be fair and made into law.

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