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To: Drew68

It costs you about $3.50 per hundred to use a credit card. This is before the twenty percent interest and late fee thing.

The Per Family average cost to use credit cards was $1,102 in 2023.

Swipe Fee
Payment Processing Fee
Interchange Fee
Assessment Fee
Interest and late fees
(minus ‘cash back’ schemes)


32 posted on 11/28/2024 6:22:32 PM PST by jdt1138 (Where ever you go, there you are.)
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To: jdt1138

That might be relavent if the item cost for using cash was reduced. I don’t think that has happened for a long time.


33 posted on 11/28/2024 6:26:36 PM PST by citizen (Political incrementalism is like compound interest for liberals - every little bit adds up.)
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