Posted on 12/10/2022 4:20:23 AM PST by EBH
“But even with that incentive, we’ve been migrating back to cash transactions for all but online purchases.”
Good for you! It requires very little extra effort and we do this too. And more need to do this and like right now right away. Or we are going to lose cash altogether. How are you going to pay your neighbor back for that gallon of milk they picked up for you from town?
ESG ratings will surpass FICO scores in importance with regard to your ability to access your bank-held wealth.
Very happy that I stopped using Chase about four years ago.
Chase is dirty.
the cost of the money tied up between transactions and payment due dates must be deemed to be more than than the fee revenue.
That would be the “float” mentioned above by beef. That float needs to be in the hands of big bank, big business, not in the hands of lowly consumers.
Berkshire Hathaway is the supreme king of float.
It’s time to get more Chase credit cards. Why? Hefty signup bonuses.
Way to go...!
We put both of our kids’ college education on the airmile card. Got a lot of good flights out of that. Always paid off next billing cycle.
Saw that.
Our replies crossed during the “float time” of my tapping my tablet. lol
Try to buy ammo or a firearm using that system, or make a donation to a christian organization.
Maga dittos
The inteeesting bit, scroll down to the reply from MasklessMarvel who asserts that it's debit card being refused, not credit cards.
If that info is correct, then that goes to my point about weaker consumer protections for debit card holders.
The float? or The Vig?
No, not in other words. They could already do that if they wanted to. This is the next step in fast virtual money. There’s a LOT of data movement for credit cards. Expensive data movement. Antiquated data movement. They’re just trying to be ahead of the curve and not dinosaur out.
New tagline...
It's called a "Debit Card." Been around for decades.
We have been doing direct pay to insurance companies since the 1980's.
It already exists, it’s called a debit card and some banks now offer it with a virtual wallet option which can make the debit transactions without the physical card. Chase is not inventing something new.
But now you will be FORCED to use it instead of credit cards
“nimbler fintechs”
I don’t like it when someone invents a term and doesn’t define it. “nimbler fintechs” is hereby canceled!
At what point does this system become the ONLY system of payment, tightly monitored and managed by the all-powerful government?
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