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[Kevin Wood]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

[Jay w]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

if i'm doing a big purchase (£50 + ) then discount is ALWAYS asked for, and frequently given.
Christmas shopping i managed close to £100 discount just by asking nicely and giving a cheeky little smile, works wonders

i don't do full price.......unless i'm selling  

[maria]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

if i'm doing a big purchase (£50 + ) then discount is ALWAYS asked for, and frequently given.
Christmas shopping i managed close to £100 discount just by asking nicely and giving a cheeky little smile, works wonders

i don't do full price.......unless i'm selling  

selling what i wonder lol

[Jay w]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

if i'm doing a big purchase (£50 + ) then discount is ALWAYS asked for, and frequently given.
Christmas shopping i managed close to £100 discount just by asking nicely and giving a cheeky little smile, works wonders

i don't do full price.......unless i'm selling  

selling what i wonder lol

anything i can get my hands on  

currently have a 6 year old daughter up for sale, slightly gobby and akward but evetually does what she is told  

[maria]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

if i'm doing a big purchase (£50 + ) then discount is ALWAYS asked for, and frequently given.
Christmas shopping i managed close to £100 discount just by asking nicely and giving a cheeky little smile, works wonders

i don't do full price.......unless i'm selling  

selling what i wonder lol

anything i can get my hands on  

currently have a 6 year old daughter up for sale, slightly gobby and akward but evetually does what she is told  

I have the same but she is 12 and very moody and mine will only some times but she has special needs even though i tell her that she is should do i ask of her and she can be very hard work but only for me and very one else she is good for.

[Jay w]

Sadly, you are not of zero value to the credit card company. Every time you use the card, they get a percentage of the sale from the retailer. They make a great deal of their profit in this way. The more you spend on the card, the more profit they make on your purchases. This filters back down to us in higher prices in the shops.

I don't know so much :-/

Handling cash, cheques, etc. costs shops money too. Cash can be forged, it can be stolen from them, so they need safes, security, secure collection of the takings, a float of change in each till, etc.

The fact that very few shops will now discount for cash, IMHO, and very few (except small businesses) worry about small CC transactions of a couple of quid or so makes me think they're actually getting their money's worth out of credit card transaction fees.

I'd also rather carry a credit card than cash. If some scumbag stole it they wouldn't get very car (not at my expense, at any rate) and they'd be traceable and more likely to get their collar felt.

Kevin

if i'm doing a big purchase (£50 + ) then discount is ALWAYS asked for, and frequently given.
Christmas shopping i managed close to £100 discount just by asking nicely and giving a cheeky little smile, works wonders

i don't do full price.......unless i'm selling  

selling what i wonder lol

anything i can get my hands on  

currently have a 6 year old daughter up for sale, slightly gobby and akward but evetually does what she is told  

I have the same but she is 12 and very moody and mine will only some times but she has special needs even though i tell her that she is should do i ask of her and she can be very hard work but only for me and very one else she is good for.

My daughter is the same, for my wife she will do anything......for me nothing  

it's my punishment for working away from home i reckon

[Kevin Wood]

currently have a 6 year old daughter up for sale, slightly gobby and akward but evetually does what she is told

She needs a pet to keep her occupied. As it happens I have got a particularly daft black cat for sale...

It belongs to Mrs. KW but she won't mind...  

Kevin

[Martin_1962]

I cant live without a credit card but, thats down to traveling with work and expenses.

It gets paid off every month, I have never paid interest on it....and I get cash back (4% currently but, normaly 1%) and extra security.

The banks cant share balance info but they can score your behaviour and its this score that gets shared.............thats the basic loop hole in the system.

I do the same, have 2 personal cards & a Corporate one
All paid off each month so I'm of zero value to the issuers & am waiting for the day that they are pulled because they make no profits from me
Nobody should live beyond their means!

People do.......

I would make your toes curl if i told you how much we used to owe in unsecured debits CC's loans O/D's etc.

It has taken a few years to get it sorted and i have about another 18 months of hard slog to go, but that will be everything paid off (except the mortgage)
I have a personal debit card and a Debit card for the business, my next car will be paid for cash, and the cards will not reappear.

I never want to get to a point in my life where i was getting sleepness nights worrying about whether i can make this months payments or not....

My son is 18 and wants to get a loan for a car, i have tried to make him aware of the risks and pitfalls, i won't stop him if he wants to go and get one, but like me when i was his age he has no concept of the damage overextended credit can do both finacially and mentally.

some people are better at handling credit than others, me i am not so for me i stay away these days

I cannot handle CCs I have managed 2 months without them and I am getting a loan to cover ALL debts including the balance of the car loan.

I don't know how big yours were compared to mine.

60K+  

Over 20k, and it took about 5 years

[Jay w]

I cant live without a credit card but, thats down to traveling with work and expenses.

It gets paid off every month, I have never paid interest on it....and I get cash back (4% currently but, normaly 1%) and extra security.

The banks cant share balance info but they can score your behaviour and its this score that gets shared.............thats the basic loop hole in the system.

I do the same, have 2 personal cards & a Corporate one
All paid off each month so I'm of zero value to the issuers & am waiting for the day that they are pulled because they make no profits from me
Nobody should live beyond their means!

People do.......

I would make your toes curl if i told you how much we used to owe in unsecured debits CC's loans O/D's etc.

It has taken a few years to get it sorted and i have about another 18 months of hard slog to go, but that will be everything paid off (except the mortgage)
I have a personal debit card and a Debit card for the business, my next car will be paid for cash, and the cards will not reappear.

I never want to get to a point in my life where i was getting sleepness nights worrying about whether i can make this months payments or not....

My son is 18 and wants to get a loan for a car, i have tried to make him aware of the risks and pitfalls, i won't stop him if he wants to go and get one, but like me when i was his age he has no concept of the damage overextended credit can do both finacially and mentally.

some people are better at handling credit than others, me i am not so for me i stay away these days

I cannot handle CCs I have managed 2 months without them and I am getting a loan to cover ALL debts including the balance of the car loan.

I don't know how big yours were compared to mine.

60K+  

Over 20k, and it took about 5 years

i'm embarissed to say how quickly i managed to do that  

lets just leave it at financial stupidity on a gross level that i have paid dearly for since  

but it taught me a valuable lesson

[Jay w]

currently have a 6 year old daughter up for sale, slightly gobby and akward but evetually does what she is told

She needs a pet to keep her occupied. As it happens I have got a particularly daft black cat for sale...

It belongs to Mrs. KW but she won't mind...  

Kevin

oh no no no no.........
my daughter would love a pet, but i will not relent on this one

thanks for the offer all the same though