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dkf

(37,305 posts)

24. Watch out how much they take from your account.

Reply to RebelOne (Reply #22)

Sat Jul 14, 2012, 03:49 PM

Jul 2012

When you first give the card they estimate so many days of rental. That may bounce other items. Then at the end of the transaction they reverse it and use the correct amount. If you run close to 0 balance this is a great way to get messed up.

At least this used to be the way they did it.

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Visa, Mastercard may allow retailers to charge customers more to use credit card in lawsuit settleme [View all] dkf Jul 2012 OP

Another reason not to use credit cards, MadHound Jul 2012 #1

Unintended consequences:` no_hypocrisy Jul 2012 #2

OR...more indebtness for people without savings. dkf Jul 2012 #6

if people can't use credit, how will they become more indebted? loan sharks? HiPointDem Jul 2012 #25

The stores don't care about any of that... they are the ones that want to charge extra. OneTenthofOnePercent Jul 2012 #7

As a small business owner I am very happy to now be able to tack on kestrel91316 Jul 2012 #8

I've seen alot of stores spout the "cash is king" line and all it means to me is... OneTenthofOnePercent Jul 2012 #9

Cash is legal tender for all purchases per US law. I take a dim view of anyone who opposes it, kestrel91316 Jul 2012 #15

Not all business owners abuse the system, but this loophole leaves the system open for abuse. Zalatix Jul 2012 #28

Except that the customer is more likely marybourg Jul 2012 #27

I disagree with your premise that it is the GREEDY retail stores...... Swede Atlanta Jul 2012 #29

They should be able to so do dipsydoodle Jul 2012 #3

Because the ability to pay by credit card attracts customers. WillowTree Jul 2012 #19

But the retailers do have that choice. dipsydoodle Jul 2012 #21

Good. bemildred Jul 2012 #4

Cash discount is a good thing. SoCalDem Jul 2012 #5

Will merchants charge differently for credit, signature debit and PIN debit transactions? FarCenter Jul 2012 #10

Apparently they can charge up to a percentage calculated yearly. dkf Jul 2012 #11

Who would shop at such at store? Likely they will take advantage of geographically isolated people. Romulox Jul 2012 #13

Most local gas stations give a dime discount for cash FarCenter Jul 2012 #16

Ah, but there are other (hidden) costs. What about about the time it takes to go to the bank? Romulox Jul 2012 #23

This might pose an interesting challenge to American Express and Discover. FarCenter Jul 2012 #17

Hooray! Higher fees for consumers! nt Romulox Jul 2012 #12

Exactly. WillowTree Jul 2012 #20

Ever tried renting a car without a credit card? Fortinbras Armstrong Jul 2012 #14

Prepaid card ... nt bemildred Jul 2012 #18

Car rental companies will take debit cards. RebelOne Jul 2012 #22

Watch out how much they take from your account. dkf Jul 2012 #24

Same thing at gas stations. eom Mika Jul 2012 #26