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I would almost always put expensive purchases (holidays, events, furniture, etc.) on credit card because if the vendor gets into financial trouble, etc. you bas
by ig1 13y ago
I would almost always put expensive purchases (holidays, events, furniture, etc.) on credit card because if the vendor gets into financial trouble, etc. you basically have no protection under standard sales legislation (you have to get into line with all the other creditors) but you have significant protection if you purchase with a credit card.
- rlpb 13y agoThat's fine - there are specific purchases I would always want to pay the protection premium for, including for some of your examples. But the risk involved varies depending on the situation. In cases where I consider the risk low enough, I would appreciate having the option of not paying the protection premium, and going without.
- canvia 13y agoThere is absolutely no reason for a restaurant to pay 2.9% of their revenue for payment processing. Their total profit margin is probably around that much, so reducing the processing fee to 1% could potentially result in a very significant increase in profits for them. There is no necessity for insurance on a transaction like a restaurant bill.