Shopping Discussion

Food for Thought for all those shopping with a Credit and/or Debit Cards

  • Last Updated:
  • May 19th, 2017 5:40 pm
Deal Fanatic
Nov 11, 2008
6720 posts
868 upvotes
"It turns out that multiple behavioral economics studies back up these assertions. One of the most often cited studies is one conducted by Dun & Bradstreet, where the company found that people spend 12-18% more when using credit cards instead of cash. McDonald’s reports its average ticket is $7 when people use credit cards versus $4.50 for cash"
I think the mentality is still there when using credit for under $5. That's what it is. My parents still frown at me when i CC $5. They think it's "slow". Has nothing to do with spending more on purpose on credit vs cash.
Member
Sep 8, 2006
241 posts
51 upvotes
Edmonton
JustMe2016 wrote:
May 19th, 2017 3:48 pm
Hope your bank is something like Alterna Bank where they currently pay 1.9%.
It doesn't matter what the interest rate is. Any interest you earn when the cash is sitting in your bank account is more than the 0% if you had of paid for the purchase with cash instead of credit.
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