Comments on: The Credit Card Premium. How Much More Are We Paying?

By: Plugging the Holes in Your Budget :The Happy Rock

Plugging the Holes in Your Budget :The Happy Rock — Fri, 04 Jun 2010 18:18:24 +0000

[...] familiar with the statistics regarding credit cards specifically that we are likely to spend up to 15% more when shopping with plastic. Dave Ramsey says that a McDonald’s study showed a 47% increase with plastic. Cash is [...]

By: The Personal Development Carnival – July 15th, 2007

The Personal Development Carnival – July 15th, 2007 — Mon, 19 Apr 2010 16:39:57 +0000

[...] Happy Rock presents The Credit Card Premium. How Much More Are We Paying? posted at The Happy [...]

By: Carnival of Pecuniary Delights No. 14: The ‘I Forgot Day’ Edition | Carnival of Pecuniary Delights

Fri, 03 Jul 2009 22:54:52 +0000

[...] Happy Rock discusses studies that have found consumers are highly likely to spend more when paying with credit cards than with cash and wonders how much more we are paying for this “credit card premium.” [...]

By: Carnival of Shopping #19

Carnival of Shopping #19 — Fri, 03 Apr 2009 23:11:59 +0000

[...] Go wild as you watch The Happy Rock with the power to be… Well, a rock with emotions… But it can also talk! Today it warns us about Credit cards and the real cost were are paying when we make those purchases. [...]

By: » What is your Credit Card Costing You?

» What is your Credit Card Costing You? — Thu, 19 Feb 2009 13:22:24 +0000

[...] people do not put enough thought into how much their credit cards are really costing them. Sure, you may think that you are aware of all of the costs associated with [...]

By: Credit Cards Make Purchases Cost More | The Happy Rock

Credit Cards Make Purchases Cost More | The Happy Rock — Fri, 30 Jan 2009 12:19:43 +0000

[...] updates. Thanks for visiting!Here is another strike against credit cards. Not only do they often cause us to spend more, but they make merchants charge more to cover the credit card processing fees are usually 2-3%. [...]

By: Stuart

Stuart — Tue, 23 Dec 2008 22:19:37 +0000

It’s funny, when interest rates go up the banks are very quick to pass on the extra percentage. But when the rates start going down again (as is happening here in Australia), they’re very very slow to pass on the savings to the customers.

So I’d agree that we do pay far too much of a premium on Credit Cards (rate’s here at the moment average around 20%).

By: Paying Cash Saved Us Over $1,000 | The Happy Rock

Paying Cash Saved Us Over $1,000 | The Happy Rock — Sun, 08 Jun 2008 03:54:50 +0000

[...] talk often about the benefits of paying cash and the credit card premium, but just recently The Rockette received a first hand lesson about how paying cash can save you [...]

By: Danny

Danny — Tue, 03 Jun 2008 22:56:05 +0000

The credit card premium is something we all need to take into consideration. If you do not pay of your balances you are more than likely paying up to 30% more for your purchases. PAY CASH!

By: The Happy Rock

The Happy Rock — Thu, 17 Apr 2008 02:36:43 +0000

This premium is talking about spending more on your card than with cash. I am not sure that fraud plays into the equation much, since almost all credit cards companies have pretty solid fraud resolution. Thanks for the input.