Comments on: Credit Card Subsidies: Three Ways the Minority is Paying for the Majority http://masteryourcard.com/blog/2009/11/19/credit-card-subsidies-three-ways-the-minority-is-paying-for-the-majority/ The best Credit Card Debt Blog online Tue, 09 Mar 2010 09:42:31 -0500 http://wordpress.org/?v=abc hourly 1 By: Stuart http://masteryourcard.com/blog/2009/11/19/credit-card-subsidies-three-ways-the-minority-is-paying-for-the-majority/comment-page-1/#comment-54082 Stuart Tue, 24 Nov 2009 05:20:15 +0000 http://masteryourcard.com/blog/?p=1825#comment-54082 Credit Card fees have become such a large concern in Canada that the Government actually legislated the details that must now be shown on your monthly statement. They are also implementing a 3 week grace period requirement once the statement has been issued. Will this work or just become a new headache for Credit Cards? I guess time will tell. Credit Card fees have become such a large concern in Canada that the Government actually legislated the details that must now be shown on your monthly statement. They are also implementing a 3 week grace period requirement once the statement has been issued. Will this work or just become a new headache for Credit Cards? I guess time will tell.

]]> By: Edwin http://masteryourcard.com/blog/2009/11/19/credit-card-subsidies-three-ways-the-minority-is-paying-for-the-majority/comment-page-1/#comment-54067 Edwin Tue, 24 Nov 2009 01:48:35 +0000 http://masteryourcard.com/blog/?p=1825#comment-54067 Most of these costs to the consumer are downright deceitful and unscrupulous. I would gladly give up rewards programs if people were no longer subjected to these ridiculous fees. Most of these costs to the consumer are downright deceitful and unscrupulous. I would gladly give up rewards programs if people were no longer subjected to these ridiculous fees.

]]> By: Bill http://masteryourcard.com/blog/2009/11/19/credit-card-subsidies-three-ways-the-minority-is-paying-for-the-majority/comment-page-1/#comment-54001 Bill Sun, 22 Nov 2009 22:06:32 +0000 http://masteryourcard.com/blog/?p=1825#comment-54001 Currently, credit cards rake in $48 billion each year from small businesses and consumers who are forced to pay about 2% on every transaction they make! After salaries and healthcare, swipe fees are the highest expense for small businesses! It is time Washington stands up for the backbone of our country and does something about these fees! Currently, credit cards rake in $48 billion each year from small businesses and consumers who are forced to pay about 2% on every transaction they make!

After salaries and healthcare, swipe fees are the highest expense for small businesses! It is time Washington stands up for the backbone of our country and does something about these fees!

]]> By: Shaun http://masteryourcard.com/blog/2009/11/19/credit-card-subsidies-three-ways-the-minority-is-paying-for-the-majority/comment-page-1/#comment-53687 Shaun Thu, 19 Nov 2009 15:17:01 +0000 http://masteryourcard.com/blog/?p=1825#comment-53687 I think that credit card companies would love if everyone paid their bills on time and in full. Think about how they would have almost no staff, but still be making money from the interchange fees. If they make 2% from those and give everyone 1% back in rewards, that is the best passive income anyone could hope for. I think that credit card companies would love if everyone paid their bills on time and in full. Think about how they would have almost no staff, but still be making money from the interchange fees. If they make 2% from those and give everyone 1% back in rewards, that is the best passive income anyone could hope for.

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