The country would be a better place if we all went to cash. Hopefully this accelerates the move.
This ad plays on Patriot radio station throughout the day for months...you know it’s bad when you see dick turbans name on it...somehow he or his pals will benefit bigly.
Interestingly the guardyourcard.com domain has been around since Sep 5, 2017. It could have been used for some other campaign though since then.
The Durbin-Marshall Credit Card Bill would mandate your credit cards can run on alternative networks...
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A monopoly is a monopoly.
Merchants have to pay a lot of heavy fees to accept credit card payments.
Competition and choice is a good thing.
You need to play the ominous, menacing music in the background for full effect.
More info.:
https://thepointsguy.com/news/credit-card-competition-act/ (”Anti” tone)
https://www.paymentsdive.com/news/durbin-marshall-senate-credit-card-competition-act-bill/740921/ (Neutral tone)
Haven’t heard of this until now.
A quick look makes it seem like this bill would open competition for charge processing services and thereby lower fees incurred by businesses.
The Credit Game is a crapfest and sh!tshow anyway, consumers getting ripped off and businesses paying another exorbitant “tax”. The Cards getting it from all sides, just raking in the dough from everybody.
They’ve all been based in Delaware, yeah? Hmmmm .....
Yes, we would all do better to pay by cash or check for any purchase we possibly can.
But ....
Big Finance is crying the most over this. They’d lose the easiest money ever made by man.
We are all such slaves and serfs to our masters.
Try this: Pay by check or cash for almost everything you buy in the next month. See if you can.
There is no need to support Durbin or MasterCard.
Thanks for starting the thread. I keep hearing the ad on Patriot radio and have been wondering what the facts were.
In Europe they're pegged at around 35 cents. That's why you can charge a Coke if you want to, vs. a small merchant getting zapped $1.25 per charge here.
Government interference in a monopoly market is perfectly justified.
Comment...If something is functioning well, operating smoothly at a staggering scale, making life easier for hundreds of millions of Americans every year, Democrats will find a way to ruin it and smash it to bits.
Exhibit 1: Obamacare.
I got my first credit at age 60. Before that I used a debit card. I found out that I can get a small discount on all purchases. I saved over 1200 dollars in 7 years. I never paid one cent in interest by paying the bill on time. I watched Dave Ramsey and Caleb Hammer videos and see how undisciplined people get them so deep in debt that they will never get them selves out of. Those folks are ignorant about how interest works. The interest on cards is over 20% a year. I always budgeted my money. My advice is to spend your money wisely. Your priority is to purchase first on basic needs. Not on charging your limited disposable income on dinners out, clothes that you don’t need, toys and luxuries you can’t afford. This is basic common sense. My parents were children of the depression era. They taught us kids discipline about money, not the schools.