I heard that people like us may end up paying some kind of penalty for being responsible in order to subsidize the others. Is that true?
**************************
The CC companies have for a long time considered people like us “deadbeats” and “freeloaders” because we choose not to pay them interest.
I’ve read articles years ago with them complaining that we cost them money and how they want to charge us fees or figure out some other way to make us pay for the privelege of using their cards, so it’s not a new idea.
They don’t need us to subsidize the others. They just can’t stand that we aren’t paying throught the nose like MOST of their customers do.
Same sort of thing happened when my best friend inherited some money and went to buy a Cadillac with cash. They wouldn’t cut a deal for cash and she couldn’t understand why. I told her they make more money overall when they finance a car.