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Not sure why raised public attention would reduce credit card usage. People like the convenience, and I don’t see why they would care that it shaves a few basis
by formercoder 6y ago
Not sure why raised public attention would reduce credit card usage. People like the convenience, and I don’t see why they would care that it shaves a few basis points off of merchants’ margins. You’ll notice that in transactions with razor thin margins, credit cards aren’t accepted, restaurants being the major exception.
- jjoonathan 6y agoIf people could get "5% off" (really: not paying CC fees) by using a debit card and also use it for rent and government payments, CCs would be gone in a few years. If merchant margins are razor thin, reductions in cost go to the customer, not to the merchant's margins.