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When you pay cash you are paying for the credit card convenience (the fee that is built into nearly all price tags) without benefiting from it. My bank returns
by petilon 3y ago
When you pay cash you are paying for the credit card convenience (the fee that is built into nearly all price tags) without benefiting from it.
My bank returns 2% of the charged amount. If I paid cash I would forego this benefit.
- BlueTemplar 3y agoI don't have a credit card, and don't know anyone who does - only debit cards. So this might be specific to your bank and/or country ?
- petilon 3y agoMost US credit cards return 1%, some return 2%. Another advantage of credit cards is that the bank acts as a mediator in case of disputes regarding the charged amount. Also, rental cars and hotel rooms are only available if you charge them to a credit card.