Re: {OT:} On the subject of the government sticking it's nose into business...


"Mike Hunter" <mikehunt2@xxxxxxxxxxxx> wrote in message news:S5-dnavFLu6Zw23YnZ2dnUVZ_oPinZ2d@xxxxxxxxxx
One needs a credit card if one travels. You can not get a plane ticket or hotel room in advance or rent a car without one. One can use thousands of dollars every month with credit cards without paying any interest. I do it all the time ;)

mike


"JoeSpareBedroom" <dishborealis@xxxxxxxxx> wrote in message news:AIVHh.4486$ya1.3330@xxxxxxxxxxxxxxxx
"Hachiroku ????" <Trueno@xxxxxxxx> wrote in message news:tFVHh.2942$pi.2376@xxxxxxxxxxx
I had to laugh yesterday (it was a sinister laugh, though) when I saw
Congress holding hearings on the Credit Card companies and their ways of
'making money'. Seems they are overcharging for their services.

Now, with the oil companies posting PROFITS of up to a quarter Billion
dollars, why is Congress investigating the Credit companies? Credit is a
'luxury'; you don't HAVE to have a Credit card. Granted, there are a lot
of people with much less than stellar incomes that have credit cards, but
that is a choice.


Maybe because otherwise responsible people can end up in disastrous financial situations through no fault of their own. The CC companies save their worst rates for people in trouble. I can see charging 24% to someone who's a habitual deadbeat, but what about someone who uses a credit card once every three years to pay for a vacation, and then loses their job and their health insurance, so all their careful budgeting goes to hell?

Not only do I use credit cards, American Express is nice enough to give me money back.

Jeff

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Relevant Pages

  • Re: {OT:} On the subject of the government sticking its nose into business...
    ... hotel room in advance or rent a car without one. ... dollars every month with credit cards without paying any interest. ... Congress holding hearings on the Credit Card companies and their ways ...
    (alt.autos.toyota)
  • Re: Plutos OK
    ... Rand Simberg wrote: ... Unless you're making money off of it, ... And unless they have it behind a credit card or such ... or even large chunks. ...
    (sci.space.history)
  • Re: Plutos OK
    ... Rand Simberg wrote: ... Unless you're making money off of it, ... And unless they have it behind a credit card or such ... part without their blessing, etc. copyright means you CAN use it. ...
    (sci.space.history)
  • Re: Plutos OK
    ... Unless you're making money off of it, ... And unless they have it behind a credit card or such ... You can't violate someone's copyright, ... someone else's intellectual property for free. ...
    (sci.space.history)
  • Re: TeX/LaTeX isnt easy
    ... don't have a credit card, and paying for anything online always seems ... it would mean paying, ... paying $x. Knuckling under and accepting what amounts to a price ... behavior with money -- whether the money goes to the same ISP or to ...
    (comp.text.tex)