- Centurion Member
- Posts: 257
- Joined: Sun Oct 14, 2012 10:22 pm
- Location: California
Many of the restaurants near campus have been accepting credit but requiring you to pay $0.50 for under $5 if you do, against visa merchant contracts since they accept visa, since I've been at my school (August) and probably longer. They seem to prefer to charge a surcharge and face the consequences if caught. And this is in California. My official school book store, run by a big corporation (Barnes & Noble) ID'ed me to use my credit card to purchase textbooks and the clerk admitted it was because it was a Visa Signature and that cost them more. Merchant contracts seem to mean nothing to merchants, gov. restrictions or not.
@Doing Homework: I see your point with the widget example; credit cards and especially rewards credit cards are reducing consumer and producer surplus.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012