posted on Nov, 23 2014 @ 10:39 AM
The credit card companies get around four to five percent of the purchase from the stores. Sometimes big companies can get breaks if a lot is done.
The credit card companies give a small amount of this back to the holder sometimes. They also collect interest from balances.
Now, this means that the stores need to charge this amount of four or five percent more for their products. This is happening all over the place,
with the money going to the banks. Often this is more profit than a store makes on something they are selling on sale so they raise the other stuff
Now, the consumer pays for this fee in the price of everything we buy. The ones benefiting the most are credit card companies. They never lose.
Look at your interest charges, they reflect the costs of those who go bankrupt, we pay for the ones who made mistakes. The credit card companies do
not lose on these bankruptcies and people who die with a balance, they pass the cost on to consumers.
It is all a scam that we were led to believe is better than what we were doing before. The possibility of getting ripped off by credit card fraud is
also high. Even if you get your defrauded money back from the card company, they did not lose money. They deducted it from paying the store for
taking a bad card and the store raised prices to recover their money or they cut the overhead including wages. Either way the cost goes to the
Just be happy that you get the one percent back and the airline miles, we are conditioned to believe it is free money
Go with the flow.