At 2:04 PM -0500 11/24/03, Patrick Chkoreff wrote: ... what in the WORLD is this supposed to mean? > >> "Measured with a diverse group of retailers, spending by [store-issued >> credit cardholders] averages from 24 percent to nearly 70 percent more >> per purchase," GE Consumer Finance sales literature reports. >> >> Guess whose pockets that 24 percent to 70 percent added purchase price >> is coming from? Those of us who carry the GE Consumer Finance credit >> cards! > > >I do not grasp the point or the reasoning there. > >Certain people spend 24% more per purchase, and that extra "purchase >price" is coming from someone else's pockets? What the? ...
I think the author may be trying to say that in addition to very-high interest rates (which generally beat whatever the rate-payers have ever gotten long-term in the stock markets) credit cards carry a risk that you'll make impulse-purchases which you would not have made if you were forking over cash. I know this is true for me, and I know that spending e-gold "hurts," just like forking over $20s (or maybe even a bit worse!). JMR --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
