DesideriScuri
Posts: 12225
Joined: 1/18/2012 Status: offline
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quote:
ORIGINAL: Greta75 quote:
ORIGINAL: DesideriScuri Outside of credit card rewards programs, most places don't offer a discount if you use a card, unless it's their card. I wouldn't expect Lowes to give you a discount for using a Home Depot credit card, for example. But, Lowes could very easily offer a discount if you use your Lowes card. Over here, the credit card usually bears the bank name or card operator name. Like American express for example. Would get discount in lowes and home depot. Both of them. quote:
In the US (my assumption is it's like this everywhere, but I don't know it for a fact), credit card companies charge a fee for every transaction on a card. It's a "convenience fee" the stores have to pay for permission to accept that card as payment. It's usually some % of sales and a flat rate portion. So, the higher the charges, the higher the cost to the business for a patron using a credit card. Businesses here do pay a fee per credit card transaction to credit card companies. Visa, Master, Diners and Amex, all has a fee involved, but on top of that, they negotiated for discounts as well for their card users, and Singaporeans love to shop and will go where the discounts are. So it works out good for their businesses. Like in dining, there are alot of 1 for 1 deals. And those restaurants really benefit from it. And we Asians like to eat! ALOT! Non Stop. World top competitive eater is an Asian I think. Japanese guy. Damn. Does it matter what card? For example, at the same store, are there different discounts for using AMEX, VISA, MasterCard, or Discover?
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What I support: - A Conservative interpretation of the US Constitution
- Personal Responsibility
- Help for the truly needy
- Limited Government
- Consumption Tax (non-profit charities and food exempt)
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