Mr. Riana,
Thank you for the explanation. The reason I am asking is that I used my
credit card when I bought gasoline in the US. The price of gasoline was the
same, no matter if it was paid for by cash, check, or credit card. Then,
when I would rent a room or buy food or anything, I always used my credit
card. I was never charged extra for using my credit card, I checked the
purchase against the deductions from my credit card. If Visa, my credit
card company, charges the store 3 percent of the purchase price, then the
store would make 3 percent less on my purchases. Therefore, why would the
store allow purchases to be made by credit card?
The only time the Visa company charges me money is when I go more than 30
days without paying off my account.
Dick Myers
From: "Van Der Walt Riana" <[EMAIL PROTECTED]>
Reply-To: Braillenote List <[email protected]>
To: <[email protected]>
Subject: [Braillenote] Credit card purchases
Date: Thu, 10 Mar 2005 09:09:10 +0200
Dear List,
Banks charge companies who uses their facility to provide the option of
credit card convenience to such company's customers. The percentage
differ, but in South-africa it's five percent of the purchase price.
This is a total different issue from interest.
Hth
Riana
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