>> Most US merchants do not adjust their prices to favor cash
>> customers over credit card customers. So, there's no incentive
>> to use cash or debit.
>
> I seriously doubt that. I suspect that most sellers base the pricing on the
> fact that they have to pay visa, amex, mc 1-2% and accordingly make their
> selling price enough to cover those costs. You don't actually believe a
> business would give money away do you, which is effectively what you are
> suggesting.
You are misreading what I said. Of course the sellers have to hike
their prices to cover fees paid to the CC issuers, but my point was
that US merchants no longer charge a different price to a cash customer
as what they charge a CC customer for the same item. That being the
case, you'd be money ahead making all of your purchases with a CC
that gives a 'rewards' discount.
Gary VanderMolen
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